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Does financial need affect my chances of getting accepted?


QUESTION: Does having great need in financial aid decrease my chances of getting accepted to an Ivy League school? I really want to go to an Ivy League school, but I know that my parents don’t have the money to send me. - Empty Pockets But Fully Motivated

Dear Empty Pockets But Fully Motivated: Fortunately, most Ivies have what’s called a need blind admissions policy. This means that they evaluate students’ applications without regard to how much they can pay. You might be surprised to learn that a significant number of students who attend Ivy League schools receive financial aid. For example, over 75% of freshmen students applying for financial aid receive a need-based award at the University of Pennsylvania. By all means, apply to Ivy League schools and especially for financial aid. As a safeguard, apply to less costly public schools and to schools with higher acceptance rates. Regardless of what your financial situation is, you should apply to a mix of schools, public and private, costly and less costly, and with varying levels of acceptance rates.




 


Gen & Kelly Tanabe
Gen and Kelly Tanabe are the founders of SuperCollege and the award-winning authors of 11 books on college admission, financial aid and scholarships. Together they were accepted to all of the Ivy League colleges and won more than $100,000 in merit-based scholarships to graduate from Harvard debt-free.



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