Quote:
Originally Posted by markusk
Ivy League schools do NOT have merit based student aid. They determine admission based on merit (some combo of academic/extracurricular achievements/state residency/race/"legacy"). If the student passes academic muster and gets admitted, THEN the family's finances get evaluated to determin need and a financial aid package consisting of grants are awarded.
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While I did not attend an Ivy League school, I am confused by a the bolded portion of your statement.
As I said above, financial aid can come from any source, including private organizations, companies, endowment funds. Most of these organizations tend to offer merit-based aid packages, but some also offer need-based packages based on race, gender, income, ethnicity, etc. But for the most part, private financial aid is dispersed at the discretion of the org., and most of the orgs tend to specify some merit-based requirement.
Are Ivy League students banned from applying for private merit-based aid? For example, I received a grant from a government organizations, a private company, and an endowment fund. These were all merit-based aid. None of these came from the school.
So if I had gone to, say, Harvard, would the school not allow me to accept these grants that I applied for and received privately?
Are you saying that the school itself doesn't offer merit-based aid, or that the school does not allow the student to get
any merit-based aid?