<p>Someone mentioned Amherst. In 2009, Amherst College awarded nearly $35M in need-based aid. 100% of assessed need was granted to 100% of students judged to have need. 55% of first-time students got it. The average aid package was about $40K, according to the school’s Common Data Set. In other words, to attend one of the most selective colleges in the country, more than half its students spend on average about $10K per year. </p>
<p>That seems quite generous to me.</p>