To be called a student of an Ivy League college is a feat of its own and remains a dream for many international students. With top-notch education and extra-curricular, Ivy leagues open a plethora of opportunities for its students. But the tough competition and sky-high tuition make it challenging for everyone. With all the other expenses one has to take care of, some students need help to afford these prominent colleges in the US.
To solve this problem, Ivy league colleges have been giving financial aid to many students, which helps them support their education in these prestigious colleges.
Let us see which colleges provide financial aid and how does it work :-
1. Harvard University:
They provide need-based financial aids for low-income families where a household with an annual income of less than $65,000 pays nothing. Families that fall under the bracket of $150,000 pay about 0-10% of the tuition cost only.
It also considers particular household economic circumstances, such as loss of income, etc.
2. Yale University:
Here at Yale, 84% of all students graduate debt-free. Households with an income of less than $65,000 pay nothing to families with less than $125,000 qualifying for some need-based financial aid.
Financial aid covers tuition and other school-related expenses like housing, books, and meals.
3. Columbia University:
No hard-income cut-off is there for granting financial assistance to students, and it only comes in the form of grants or work-study. Families with an income under $100,000 qualify for need-based aid. Families under the bracket of $60,000 pay nothing.
4. Cornell University:
This college provides need-based financial aid to a limited number of international students, which depends on availability. US citizens are prioritized for the college's financial aid criterion.
5. Dartmouth University:
Families with an annual income under $65,000 pay nothing, whereas families under $125,000 don't have to pay anything for tuition but don't necessarily include other expenses. Each family's circumstances are considered while granting aid awards.
6. University of Pennsylvania:
All costs are covered for families with an income under $ 65,000 and household income of $ 140,000 and under get their tuition fees covered. Penn believes in students' contributions through the money they earn during summer.
7. Massachusetts Institute of Technology (MIT) :
MIT admits students without considering their ability to pay and meet all possible financial needs. The family's contribution is determined, and the difference is granted for need-based aid.
8. Stanford University:
Families with an income under $ 75,000 don't have to pay anything. Families with a household income of $ 150,000 have all their tuition costs covered by Stanford. Other families might also be considered for financial aid, but it depends on their circumstances.
There are work-study programs, and students are expected to contribute through their work during the summer.
Colleges provide students with several options to make their education as hassle-free as possible. It's up to the students to give their best and ace all the required admission procedures.
We know and understand that the application process can be overwhelming; that's why we are here for you. The study abroad experts at Hello Study Global are there for you every step of the way. From the SAT to college applications, we will guide you to success.
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