Depends on a lot of things: What schools are offering full schollies? Can his family afford to send him to an Ivy? Does he want to play in a league that he might consider better football than Ivy? Does he want to play close to home?

 

Ivy Schools the education is paid for, but you still have to pay for room and board which ends up being around 8k a year. That's what Seth was telling me yesterday.

Ivy Schools the education is paid for, but you still have to pay for room and board which ends up being around 8k a year. That's what Seth was telling me yesterday.

 

 

 

The schools use a formula to figure out how much your family can pay. Many times that's what you then pay - they use their endowments to cover the rest.

 

Cornell , I think, has a policy that if the family income is less than $60k and assets are under $100k then the cost is covered (less any money the student has/earns over the summer) completely by Cornell.

 

Here is a link to examples of Cornell packages:

http://www.finaid.cornell.edu/types-aid/financial-aid-examples

Zero chance you're paying $8k for an Ivy education.

 

The schools use a formula to figure out how much your family can pay. Many times that's what you then pay - they use their endowments to cover the rest.

 

I don't know specifics..just going off what Seth told me, which was that it would cost his family around 8k a year for him to attend one of the IVY league schools that are recruiting him.

Murray St is also a contender and not as far from home.

I don't know specifics..just going off what Seth told me, which was that it would cost his family around 8k a year for him to attend one of the IVY league schools that are recruiting him.

 

I was a bit premature with my "zero chance" but my guess (assumption) is that the kid will not fall into that category.

I don't know specifics..just going off what Seth told me, which was that it would cost his family around 8k a year for him to attend one of the IVY league schools that are recruiting him.

 

If he can get it for $8k that's a steal.

The 8K I'm guessing would be the EFC (expected family contribution)....a steal! He would also have the max govt sponsored student loans included in his financial package, which would amount to 25K by graduation or so. IMO, those loans would be easily made up with the employment an Ivy would allow. Considering the Ivy cost (high 50K to lower 60K per year including housing/meals/books), what an opportunity! Plus Dale could write a wicked good recommendation letter, especially to Cornell. Good kid, there.

The 8K I'm guessing would be the EFC (expected family contribution)....a steal! He would also have the max govt sponsored student loans included in his financial package, which would amount to 25K by graduation or so. IMO, those loans would be easily made up with the employment an Ivy would allow. Considering the Ivy cost (high 50K to lower 60K per year including housing/meals/books), what an opportunity! Plus Dale could write a wicked good recommendation letter, especially to Cornell. Good kid, there.

 

In reading the Cornell example theoretically he could have zero loans.

 

Princeton is very generous as well and has a goal of no student loans.

 

Who Qualifies for Aid?*|*Princeton University

 

At PU if the family income is less than $120k the entire tuition is covered in the form of grants ie free money.

 

Again, I was way premature with my comment.

The key to Ivy is the ACT/SAT. I assume Hope is good on that or they wouldn't be talking to him. You need a 30 or better on the ACT. There are a few waivers allowed that enable coaches to "reach" and bring in a 28. Clyde is right about Princeton being aggressive on their aid. They are very open about the formula they use, as can be seen by Clyde's link. The same is probably true for all the Ivy schools since they are competing against each other.

 

Dale is a Cornell grad, isn't he?