7 Most Reasonably priced Ivy League Colleges in The US

Ivy League Schools are associated with many things, such as academic rigor, expansive campus, and prestige. However, the following content is about the cheapest Ivy League schools in the United States. One notion Ivy Leagues seldom evokes is affordability. This is because people largely believe that access to these prestigious private colleges is limited to wealthy students only.

However, this is really not true. In fact, private institutions like Ivy Leagues generally offer far less net tuition fees compared to public institutions. A common mistake many students make is looking at the stated cost of attendance. On average, public universities usually have significantly lower prices than private universities. Even so, these costs are not really a true representation of the real costs that students will face.

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While most state schools these days are steadily reducing their budgets, most private institutions, including the best engineering schools, continue to receive huge endowments. For example, it was reported that Harvard University received over $ 30 billion in foundation assets in 2012. Notably, the largest endowment funds were affiliated with the prestigious Ivy Leagues.

You may be wondering how important foundation sizes are to prospective students. The greater the ratio of capital to administrative costs, the greater the potential to be financially generous. For example, Harvard does not charge an entry fee if a prospective student’s family does not earn more than $ 60,000 per year.

The chances of receiving such a generous offer from a state institution are very slim. Most state schools simply lack the resources to provide such offers. In addition, some more privileged private schools choose to focus their assets on specific programs that benefit potential low-income students. This is usually done to provide quality education to poorer students.

In short, you can’t ignore Ivy Leagues when writing your school applications. Here are the cheapest Ivy League schools in the US to check out.