Does Ivy League Schools Provide Scholarships?

What if the top elite schools namely Ivy League Schools offers Scholarships? you would be happy to say that you're studying in a prestigious institutions and that too in a scholarship. Doesn't that sound great. Learn more on whether the Ivy League Schools provide Scholarships

Updated by Selva Kumar on 12th February 2020

Source: Ivyleague.com

It is a known fact that many students dream about getting into a top college respective of their eligibility criteria and affordability of those college’s tuition fees. But, what happens if you can’t find any scholarships, Especially when you are considering to get into an Ivy League?

These Ivy League won’t provide any athletic or academic-based scholarships, but they do provide need-based financial aid.

In this article, we’ll be trying to answer your question “Does Ivy League Schools provide Scholarships?”


Scholarships and Ivy League Schools?

Primarily, scholarships are rewards offered to students based on their academic, athletic, or any other achievement for that matter.

But remember, when considering Ivy League Schools, they already have innumerable well-qualified students. So elite colleges like these won’t be offering merit-based scholarships, rather they provide scholarships based on the student’s financial position.

To make things clear, this financial assistance is for those who cannot pay for tuition but deserve to be in an Ivy League? This process makes it effortless to pursue their education without having to repay back the amount received.


Cost to attend Ivy League Schools?

Before applying for an Ivy League School or seeking a scholarship to pay. You should be aware of the actual cost to attend an Ivy League School.

The following table has a list of colleges and the cost of tuition fees, room, and board.

College Names

Cost of Attendance

University of Pennsylvania

$71,200

Columbia University

$70,826

Brown University

$70,226

Yale University

$69,430

Harvard University

$67,580

Cornell University

$67,541

Princeton University 

$66,709

Dartmouth University

$64,539


How is Financial Need Measured?

Generally, financial aid is calculated using the EFC (Expected Family Contribution) and the COA (Cost of Attendance), mostly the financial need is calculated when the student fills the FAFSA form or upon completing the CSS Profile.

Usually, most of the students who aim for the Ivy League will complete their CSS Profile as an important component of their need calculation.


Also, Read the FAFSA Guide.


Net Price Calculator?

The cost for each college differs, so does the scale of financial aid. Some schools in the Ivy League such as Yale University provides students with a table that consists of an approximate amount of expected family contribution based on family situations.

Annual Income

Avg Net Cost

Avg Scholarship Price

Percentage who qualify

Less than $65,000

$4,450

$70,686

98%

$65,000-$100,000

$6,488

$64,402

99%

$100,000-$150,000

$15,352

$54,249

96%

$150,000-$200,000

$29,953

$39,275

88%

$200,000-$250,000

$43,015

$25,427

64%

Greater than $250,000

$50,957

$16,979

23%