25 Private Colleges w/ Generous Financial Aid Reported by Forbes

Stats from most recent year of IPEDS are below. This grouping includes students in federal database, which is mostly persons eligible for Pell grants or persons taking federal loans. I excluded religious specialty colleges (Yeshiva, Bible School, …), tribal colleges, and other specialty groups. I also excluded colleges for which low net cost relates to low sticker prices, rather than FA, such as Rust or BYU-Idaho. The colleges below have a lot of overlap with lists of colleges that meet full need without loans, such as the one at (link not allowed, use a Google search) – mostly super high endowment per student, highly selective colleges; but also Berea and Ozarks.

Lowest Average Net Cost for $30 to $48k Income

  1. MIT: $-2k (Negative)
  2. Williams: $-1k (Negative)
  3. Dartmouth: $-0k (Negative)
  4. Stanford: $-0k (Negative)
  5. Chicago: $-0k (Negative)
  6. Duke: $0k
  7. Wellesley: $1k
  8. Washington & Lee: $1k
  9. Caltech: $1k
  10. Colby: $1k

Lowest Average Net Cost for $48 to $75k Income

  1. Williams: $-0k (Negative)
  2. Chicago: $1k
  3. Stanford: $1k
  4. Rice: $1k
  5. WUSTL: $2k
  6. Harvard: $2k
  7. Johns Hopkins: $4k
  8. MIT: $5k
  9. Pomona: $5k
  10. Columbia: $5k

Lowest Average Net Cost for $75 to $110k Income

  1. Berea: $8k (100% FA, average aid = $52k)
  2. Stanford: $9k
  3. Williams: $9k
  4. Washington & Lee: $9k
  5. Ozarks: $10k
  6. Spring Hill: $10k
  7. Gallaudet: $10k (abnormal distribution, likely small sample size issue)
  8. Wesleyan: $11k
  9. Milikin: $11k
  10. Cooper Union: $12k

Largest Average FA

  1. Amherst: $64k FA, Average Net Cost = $18k
  2. Williams: $63k FA, Average Net Cost = $17k
  3. Princeton: $63k FA, Average Net Cost = $20k
  4. Wesleyan: $61k FA, Average Net Cost = $20k
  5. Yale: $61k FA, Average Net Cost = $26k
  6. Dartmouth: $60k FA, Average Net Cost = $17k
  7. Pomona: $59k FA, Average Net Cost = $17k
  8. Stanford: $59k FA, Average Net Cost = $18k
  9. Wellesley: $59k FA, Average Net Cost = $22k
  10. Middlebury: $58k FA, Average Net Cost = $23k
2 Likes