<p>How generous are they with financial aid? My dad makes $40,000 a year. I know the rich Ivies can pay full tuition for incomes less than $60,000 but don't know anything about these schools.... </p>
<p>Georgetown
Columbia University
University of Chicago
Tufts
UC Berkeley
Johns Hopkins
+ any LACs</p>
<p>I do believe your parents wont have to pay anything at Columbia.</p>
<p>Wrong. Parental contribution is eliminated, but student contribution still exists (I believe) for Columbia, anyway.</p>
<p>I have a friend with an EFC of 0, yet he himself still must pay approx. 5 grand a year.</p>
<p>OP, you need to research the colleges’ financial aid policies by looking at their websites. Another excellent source can be obtained by paying $15 to access U.S. News college info website. If you sign up for it in Aug., you can access it until the next Aug. The website provides detailed info about admissions, financial aid, etc. at thousands of U.S. colleges.</p>
<p>Don’t rely on potentially unreliable info from an anonymous message board when you can track down the facts yourself.</p>
<p>Georgetown’s not that well-endowed, they’re not that great with financial aid. Johns Hopkins, Tufts, and UC-Berkeley don’t even guarantee to meet full demonstrated need. Columbia’s good. U of Chicago’s decent.</p>
<p>As a state school, UCB also depends on if you are in-state or OOS.</p>
<p>Any LACs is way to broad for anyone to give you reasonable information as they range widely in their endowments and FA policies.</p>
<p>Take NSMs advice and invest in the US N & WR website to get the most accurate FA data.</p>
<p>lgeller, on Tufts website it says they guarantees to meet full demonstrated need. Don’t know how loan-heavy their awards might be though. (My son was interested in Tufts for a time and we did check into whether or not they guaranteed to meet need.)</p>
<p>For an instate student the UCs want to see at least 9K in student contribution. That can be made up of loans, work/study, etc. but you are going to come up with 9K.<br>
OOS students are not going to have UCs meet 100% of need or even come close to that.</p>
<p>Vassar:</p>
<p>Beginning in the fall of 2008, loans will be replaced with Vassar grant funds for U.S. students with calculated family incomes of up to $60,000.</p>
<p>Actually, all Ivies require no tuition from income < 60000</p>
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<p>Definitely not true. While most have eliminated or reduced loans for low income families, Cornell does still require tuition</p>
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<p>While many schools have eliminated or reduced the EFC as far as income, assets are still considered (along with stepparents, non-custodial parents whose income information are required via the CSS profile/non-custodial profile). So one really has to know that their total financial situation is not just assume that because your family makes under a certain amount of income that you will automatically not have to pay anything.</p>
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Whoops, I guess they finally changed their policy. I remember for the longest time they didn’t guarantee.</p>
<p>Thank you all so much for such helpful info! Does anyone know how well LACs give financial aid?</p>
<p>Each school has different policies. You need to research! This forum can’t possibly generalize in the way you are asking it to!</p>
<p>actually sybbie719, ALL Ivies require no tuition from income < 60000, now prob 75000. Just read the Cornell site…it makes it pretty clear that <60k gets free tuition…plus the fact that they gave me free tuition really proves it</p>
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<p>even before cornell instituted its under 60k policy, many students who made under 60k were still on a “free tuition” sort of speak…but the cost of attendance is 51k at cornell…so just b/c you have tuition paid for (by grants or w/e) does not mean you’re debt free…</p>