Ivy League scholarships are myths. For years, we’ve rolled our eyes when parents brag about how their child received a full scholarship to Princeton. Or a full scholarship to Brown, Princeton, Dartmouth, Yale, Harvard, Penn, Columbia, or Cornell. The fact is, the eight Ivy League colleges don’t offer “scholarships.” If by scholarship, these folks mean financial aid, then the answer is yes — Ivy League colleges all offer financial aid. But scholarship implies merit. If these parents knew that Ivy League colleges don’t offer scholarships but only financial aid, would they still be as boastful?
It’s one of the differentiating factors of the Ivy League for athletes in particular. Ivy League athletes don’t receive scholarships. They’re recruited, yes. But they don’t pay lower tuition costs because they happen to be recruited athletes. There are no athletic scholarships in the Ivy League and it’s one of the pivotal reasons why Ivy League schools often cannot compete with their Division I peers. But, at times, they can compete. At times, the underdog has its day. Jeremy Lin is a Harvard grad. Historically, Princeton has staged remarkable runs in the NCAA Tournament. In spite of not receiving athletic scholarships, Ivy League athletes make a habit of proving they belong at the top of their sport.
So if you’re a mom in the grocery store wearing a Princeton sweatshirt, bragging to the lady behind you in line how your son just received a “full ride” to Princeton, think twice. The lady in the grocery store might know that Princeton does not offer full rides…unless of course by “full ride” you mean full financial aid! If that’s what you’re bragging about, then go right ahead! Like Bill O’Reilly, we just want to keep people honest!
Check out this post on Ivy League Tuition Costs.