Lessons Learned from Admissions 2012
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That does not mean that acceptance to an Ivy immediately means giving up your retirement fund! The Ivy League, given huge endowments to work with, wants to ensure that once a student is admitted to their institution it becomes a manageable expense. All 8 schools have a need-blindadmission process to promote low-income students to apply, without concerns of the expenses. Additionally, all the aid available is used on a need basis. Need in Ivy terms may not seem “needy” to our preconceived notions. Across the board, all the Ivies offer some type of need-based aid to 50-60% of their students. Princeton has a no loans policy, allowing all students to graduate debt-free [FinAid]. In 2008, Dartmouth eliminated tuition for students from families with incomes of under $75,000 [Dartmouth Public Affairs]. Harvard and Yale have incremental expectations of how much a student should pay, from 0 to 10 percent, with family earnings of $60,000 to $120,000 a year [Fitzsimmonsand Yale Public Affairs].
Sure, it can be a blow to feel desired elsewhere and be offered nothing but admission to the Ivies. Yet, long-term, I felt Princeton offered me the opportunity to reach my potential athletically, academically, and personally. To me, it seemed like an opportunity many are not granted and I would be foolish to pass up. If it’s worth it, the investment works out – I promise!
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