I just have a question about someone I know who turned down Yale EA because he got a full scholarship to Princeton. He didn't have demonstrated financial need because his parents are fairly wealthy. Does anyone here know about the scholarship opportunities at Princeton or similar schools? I mean, what do you have to do to not only get into a school like Princeton, but also get a full scholarship? It's mind-boggling to me, and I thought that Ivies weren't allowed to offer academic scholarships, only financial aid packages based on need. Thanks in advance for your help!
Yeah, I've NEVER heard of this happening. Ivies don't offer merit scholarships because they see every person who qualifies for their school as worthy of all necessary help. Maybe he had a separate scholarship that covered everything?
Sometimes people say "full scholarship" when they really mean "such-and-such school is paying for me to go there," which in Princeton's case can be true. It's not a merit scholarship (or athletic scholarship), but the school can obviously provide a full grant for someone's educational/residential expenses.
For example, I have a full scholarship to Princeton. All I owe is like 500$ for some miscellaneous stuff per year. But in all reality I probably am *NOT* the best student at Princeton. Nor would I deserve a scholarship over the majority of admits. Its only because my family's estimated family contribution is 18$.
Pton and the rest of the Ivy league operate on a need-based financial aid system and have NO merit scholarships. Though Harvard has a list of 50 scholarships endowed by alumni and Princeton and Yale have the same. These scholarships are usually something thats far from Merit (Although ones for merit exist in certain fields). For example one for harvard was that if your surname is Chapley or something they will give you $1000 a year.
If your an athelete, your financial aid award might be padded. For example your family might make 290,000$ per year and still recieve a 40,000$ finanicial aid scholarship despite having 0 finaincial need. This is one way HYP strives to attract good atheletes by giving them merit money through the guise of "Financial Aid"
Other than that, NO ONE GOES TO PRINCETON ON A FULL SCHOLARSHIP, NO MATTER HOW GOOD YOU ARE.