Quote:
Originally Posted by PeppyGPhiB
No you wouldn't, because the Ivies - like lots of private schools - have excellent financial aid. Most of the Ivies pay almost the entire tuition now for their students. And many other private schools (such as my alma mater) have such nice endowments that they give generous grants and scholarships, making them possibly more affordable than a public university (certainly an out-of-state public).
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I don't know if it has changed since I was in school, but one of my best friends went to an Ivy while I went to a private university. I was ineligible for financial aid due to my parents' salaries, and I don't know her exact tuition, but her family was much like mine and she was not on financial aid. My private university did not give out much in the way of financial aid at all, either- most was relegated towards full scholarships for those that couldn't afford it. While it is nice that my family could afford it, I doubt that my husband and I could do the same if my child(ren) decided to attend my alma mater. I can put down some costs of both my out-of-state public university and my private university, but don't want to get too personal, but suffice to say that I would need at least a $30k grant per year in order to offset the cost between the two.
I also think that the Ivies have a great alumni network across the country (in some areas more than others), but so do most larger universities as well. I'm even surprised of the large alumni network I have found myself in, as my college was not large at all. If my kid desperately wanted to be, say, a lawyer, and had his/her heart set on an Ivy for undergrad and grad, that would be a different story. But if they didn't know what they wanted to do, there are plenty of other schools that would probably be a better fit.