Financial Aid Pledges Make College Affordable for Some by Melissa Lee

Many potential students are intimidated by the thought of high tuition costs of private universities compared to their less expensive counterparts in the public educational system. Many Ivy League schools cost tens of thousands of dollars per year and many families are not in the position to afford such expenses.



Before deciding against a particular college, you should see if they have any programs for families who think they cannot afford the substantial tuition costs. Colleges such as Harvard and Princeton do have such programs that can significantly lower the cost to attend their universities. Although they do not offer discount loans themselves, they can let you know what programs you do qualify for. There are income guidelines and cut-offs established by the schools for families with low incomes. For instance, you will only pay $4,800 in tuition if your family makes $60,000 at Duke whereas families who make over $80,000 will have to pay more than $27,000 for the same education.



In order to see if the school of your choice has such a program it is advised to speak with a financial aid representative. He or she will be able to guide you in the right direction and help you decide if their school is affordable for you and your family. Overall, due to the high costs of education, overall attendance at colleges is down significantly, so many schools are flexible and will be willing to work with you in any way possible to fulfill your higher education needs.


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Article Source: Financial Aid Pledges Make College Affordable for Some