I know I’m late to the party, but this statement is utter NONSENSE. The only student for whom attendance at any elite private is guaranteed to be affordable is that student whose parents can afford to pay the FULL COST of his attendance. If the family finances are anything less than that, there is absolutely no guarantee that the school’s “meet full need” policy will meet the family’s full need, unless the family’s EFC is zero or very, very close to zero.
Further, in response to @MiddleburyDad2’s comment that a Dartmouth education is necessarily superior to a Bama education, or that attending Brown is necessarily better than attending “a typical state flagship U,” I strongly disagree. Education depends on the student, not the school. One can get an excellent education at No-Name State just as easily as one can get a crappy education at Brown (or any other Ivy). All that’s required for the former result is a highly motivated student and at least one equally motivated faculty mentor. And all that’s required for the latter is a highly unmotivated student who’s smart enough to get passing grades despite never displaying the slightest interest in his or her studies. (Please, pm me and I’ll be happy to tell you the name of the nationally recognized and very highly ranked institution that was foolish enough to give me a degree once upon a time! Actually, I won’t tell you, but you get my point.)
I’ll take the high-achieving individual over the high-achieving university any day of the week, because, in the end, it’s the individual that I’ll be working with, and not the university. That fancy diploma may get you through an employer’s door, but it won’t keep you there if you’ve got nothing to back it up with.