Is there a point to Top-Tier colleges?

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<p>Most public schools do not give good financial aid to out-of-state students, so they are likely only affordable for a financially needy out-of-state student if they have very low list prices, or the student gets a large merit scholarship.</p>

<p>Private schools are all over the place on financial aid generosity. Some are well known for good financial aid (Harvard, Stanford), while others are well known for poor financial aid (New York University).</p>