Are Ivy League Schools Free?

Are Ivy League Schools Free?

To know are ivy league schools free…Read on this article…!

Ivy League schools are considered elite educational institutions in the United States. They are a union of most prestigious colleges and research universities which have one common aim which is to provide the best education and impact the overall personality of the students.

There are around eight Ivy League Schools in the United States of America. Ivy League schools are members of the Association of American Universities. It is an old association. However, Ivy League Schools are never free and can only help by providing financial aid and relaxation. Most Ivy League schools provide free tuition as financial assistance to the students of the families who have income below $60,000. 

Ivy League Schools

The old private association of eight private research universities operates under the Association of American Universities, the most prestigious alliance of American research universities. The key highlights of the schools are:

  • Academic excellence
  • Selective admission procedure
  • Social relativism

Ivy League schools were established in 1954. Its headquarters are in Princeton, New Jersey. Ivy League schools have some of the largest university financial endowments in the world. These financial endowments only help the association to implement best educational practices, best financial aids for the students and best research programs. Each university in the association gets funding equal to millions of dollars every year in annual research programs from the federal and state governments.

Enrolments and financial endowments

Every year there are undergraduate enrolments as less as 4,500 and as many as 15,000. The enrolment number is more than most of the Liberal Arts Colleges and less than most of the State Universities. Enrolment number for graduates ranges from 6,600 in Dartmouth to 20,000 in any other college. The financial endowments from different universities range from $6.9 billion to $53.2 billion. The association attracts $6.9 billion from Brown’s college alone and $53.2 billion alone from Harvard’s. The financial endowment for the association is considered to be the largest as mentioned above for any educational institution in the world. 

What colleges are Ivy League schools?

The colleges which are the members of Ivy League schools are:

  • Brown University
  • Columbia University
  • Cornell University
  • Dartmouth College
  • Harvard University
  • University of Pennsylvania
  • Princeton University
  • Yale University

What are the tuition fees of Ivy League schools?

Ivy League education may cost around $56,746. However, there might be some differences in certain cases like the kind of subject you opt for or the financial aid. After the use of financial aids, the cost might come down to 7%-10%. The average annual cost of tuition is $56,746. However, different colleges under Ivy League schools have different fees like:

  • Harvard University 

Here, undergraduate courses cost around $55,587, graduate courses cost around $52,170. The financial aid lowers the costs by 7%-10%.

  • Princeton University 

Here, undergraduate courses cost around $56,010, graduate courses cost around $58,790. The financial aid lowers the costs by 7%-10%.

  • University of Pennsylvania

Here, undergraduate courses cost around $61,710, graduate courses cost around $42,932. The financial aid lowers the costs by 7%-10%.

  • Brown University

Here, undergraduate courses cost around $62,304, graduate courses cost around $62,083. The financial aid lowers the costs by 7%-10%.

  • Cornell University

Here, undergraduate courses cost around $61,015, graduate courses cost around $30,006. The financial aid lowers the costs by 7%-10%.

  • Yale University

Here, undergraduate courses cost around $59,950, graduate courses cost around $45,700. The financial aid lowers the costs by 7%-10%.

How do Ivies provide Financial aid?

However, despite all these comparisons, Princeton University provides the best financial aid packages to all its students in need. Financial aids are never merit-based here but need-based. Other than that Ivies provide generous financial aid. 62% of undergraduates of Princeton University get satisfactory financial aid. 55% of the undergraduates get satisfactory financial aid. They provide grants instead of providing loans for the students. However, most Ivy League schools provide free tuition as financial assistance to the students of the families who have income below $60,000. 

Is there any relaxation for international students?

All-Ivy schools provide the option of scholarships and financial aid for international students also. They need to fulfil some criteria snd then they can get admission. However, getting admission to one of the Ivies is like a dream come true. It is competitive and tough for international students too.

Conclusion

Ivy League schools impart good education and aim for the overall personality development of their students. However, getting admission to one of the Ivies is not an easy task and costs a lot for normal students. For the students who belong to economically weaker sections, there are provisions of financial aid or scholarships which are based on a few criteria, fulfilling which any student can get himself admitted to one of these prestigious colleges. International students can also apply for admissions and look for scholarships and financial aid.

Frequently asked questions
  • What percentage of the students get financial aid annually at Harvard?

55% of undergraduates get financial aid yearly.

  •   What can I do for a scholarship at Princeton University?

For this, you need to apply for admission first online and then you can apply for a scholarship later.

  • Do they provide 100% scholarship?

Yes! They provide you 1005 of what is decided as per the norms. Princeton University has provided the highest number of Financial aid yet.