<p>I've received financial aid information from NYU Stern and noticed how they generously wrote 53,000 but then there was a catch, of that 20,000 were to be federal loans. I was wondering if colleges such as Harvard, Yale, Princeton, and University of Pennsylvania are more generous with their financial aid, meaning they won't burden a student with 20,000 of federal loan when the student's family makes less than 30,000 per year? Princeton I think has a policy where loans are replaced as grants, does Harvard, Yale, or University of Pennsylvania offer similar packages? Thanks for answering this!!!!!!!!!!!!</p>
<p>yes the Ivies do have better aid for low income</p>
<p>btw, there is no such thing as 20K in federal loans for 1 year of education</p>
<p>And if your family makes what you said, your parents won't have to pay a dime for your undergraduate education at HYP. You'll just have to work a little or use outside scholarships to pay your meager student contribution. No loans for you! Good luck on getting in though.</p>
<p>Thanks. There was about 17000 in Federal Related Loans and 4000 Work Study Related Stuff, I would have taken a loan out on the work study as well so I considered it more of a loan than what you would call aid. At the very least, I would have had 68k to 84k worth of debt after graduating thanks to their generosity. Thank god I got into an Ivy. I thought something was wrong with my FAFSA and Profile, because asking a student with little to no income to be in 60k+ debt after college is a little rough. Funny how I was at the tippy-top of applicants applying there probably and still got such a meager financial aid. Thanks for the information everyone, it is calming because I thought maybe I would be paying the same thing for the Ivies when my EFC is less than $1000.</p>