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Originally Posted by UGAalum94
ETA: am I wrong in thinking of it this way? It's not that I want some system that keeps students who can't afford to write a 100,000-200,000 dollar check for their education out of elite schools, and yet, maybe the schools themselves should help the kids finance it? What was Havard's endowment?
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The schools with the largest endowments, and their peer institutions, do finance it for families who don't pay. Most of the Ivies, along with Stanford, MIT, and others, have essentially waived loans for families making under $100,000. If your family makes less than 60K or so, you're not expected to contribute at all.
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