- Aug 26, 2011
All true. Latest figures I've seen show average debt for Yale, Harvard, Princeton to be less than $10,000 for 4 years. Rather amazing. And those that go to work right away get some of the highest starting salaries.One of the significant advantages at all the Ivy League schools is that they all have multi-billion $ endowments. So if a really smart kid from a poor family is accepted to an Ivy League school, the school will pick up every last cent of financial assistance required for that kid to complete a 4 year education.
The school won’t pick up 100% of all costs. They will expect the student to take out a modest loan and complete some type of work study program, but as you indicate, kids won’t have to deal with a crushing debt burden after graduating from the Ivies.