The Ivy league schools dilemma!
Ivy League schools and private universities are often heralded for their educational quality, but this academic prestige comes at an expense. These are among the most expensive schools in the nation, and college costs are rising every year as it is. As a result, some of the country’s best and brightest end up looking at other education opportunities. But just because a school is really expensive does not actually mean it is not affordable.
Wait Until You Get In
Your main focus should obviously be on getting accepted in the first place. While private schools are much pricier than public ones, they also tend to give out more money to their students. At ivy league schools, for example, students from middle and lower income families may be eligible for the Harvard Financial Aid Initiative, which can in some cases cover the entire cost of tuition. If you are accepted to both a public and a private school, you may even find that what you’d ultimately end up paying at the private school would be comparable or lower than at the public one.
Meet the FAFSA Deadline
Make sure you fill out the Free Application for Federal Student Aid on time. Depending on the severity of your financial situation, you may be eligible for grants and federal student loans to help pay for your tuition. You can get the full details at fafsa.ed.gov.
This is obviously the first area you should look into after hearing how much money you are being offered through the school or through government grants. Websites like Fastweb.com, Scholarships.com, Cappex.com and more allow you to make an account and then you’re shown scholarships that you may be eligible for. There is of course competition for each one, but there are also a surprising amount of scholarships offered every year that you could qualify for. Just don’t be afraid to go for it.
Scholarships are the main key to affording ivy league schools or colleges of any kind, but they are not the only solution. In fact, most students use a combination of sources to pay for tuition. For example, many get at least a part-time job (on campus or in the surrounding area), and others sell things online when they can. Some students even manage to secure private loans from individuals rather than the government or banks, where they may be able to better negotiate more affordable repayment terms.