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Financial Aid: Colleges with the largest need-based grants

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Thursday, 01 December 2011

Out of curiosity to see how the rankings would change, we took our list of 100 most expensive colleges and found the average need-based grant given at each school as listed on the College Board website.

The average need-based grant given by each school is listed below, from largest to smallest. As expected, schools that are known to provide great financial assistance (Harvard, Yale, etc.) are listed toward the top, with Harvard taking the top spot.

Next, we will be applying this grant data to the total cost of each school in an effort to find the net price roughly paid for need-based students. We will then re-rank this new list and highlight any major changes between the two rankings (sticker price vs. net price).

According to the College Board:
For the 2011-2012 school year, full-time undergraduates received an estimated average of about $5,750 in grant aid from all sources and federal tax benefits at public four-year institutions. The average grant aid given at private nonprofit four-year institutions was $15,530.

Highest Average Need-Based Grant

College Avg. Grant Avg. %
of need met
1. Harvard College $41,341 100%
2. Williams College $40,146 100%
3. Amherst College $39,962 100%
4. Columbia University $38,544 100%
5. Yale University $38,090 100%
6. Vassar College $37,892 100%
7. Stanford University $37,804 100%
8. Trinity College (CT) $37,288 100%
9. Colgate University $37,204 100%
10. Vanderbilt University $37,174 100%
11. Dartmouth College $36,791 100%
12. Barnard College $36,670 100%
13. Wellesley College $36,508 100%
14. MIT $36,084 100%
15. Pomona College $36,005 100%
16. University of Chicago $35,540 100%
17. Washington and Lee University $35,470 100%
18. Duke University $35,394 100%
19. Pitzer College $35,378 100%
20. Swarthmore College $35,279 100%
21. Bowdoin College $35,007 100%
22. Reed College $34,939 100%
23. Wesleyan University $34,728 100%
24. Hamilton College $34,682 100%
25. Haverford College $34,673 100%
26. Brown University $34,611 100%
27. Colby College $34,449 100%
28. Bates College $33,878 100%
29. Cornell University $33,653 100%
30. University of Richmond $33,515 100%
31. Penn $33,460 100%
32. Scripps College $33,362 100%
33. Bard College $33,329 91%
34. Middlebury College $32,934 100%
35. Mount Holyoke College $32,903 100%
36. Skidmore College $32,822 100%
37. Smith College $32,713 100%
38. Emory University $32,425 100%
39. Connecticut College $32,366 100%
40. Pepperdine University $31,826 79%
41. Franklin & Marshall College $31,296 100%
42. Hampshire College $31,140 91%
43. Bennington College $31,113 81%
44. Sarah Lawrence College $31,012 91%
45. Union College (NY) $30,943 100%
46. Johns Hopkins University $30,791 99%
47. Brandeis University $30,543 94%
48. University of Rochester $30,430 100%
49. Kenyon College $30,256 98%
50. Carleton College $30,179 100%
51. Tufts University $30,074 100%
52. Macalester College $30,021 100%
53. Lehigh University $29,873 96%
54. Bryn Mawr College $29,807 100%
55. Dickinson College $29,628 99%
56. College of the Holy Cross $29,590 100%
57. Ursinus College $29,579 83%
58. St. Lawrence University $29,506 91%
59. Harvey Mudd College $29,370 100%
60. Wake Forest University $29,236 100%
61. Wheaton College (MA) $29,205 96%
62. University of Notre Dame $28,953 99%
63. Washington University in St. Louis $28,814 100%
64. The George Washington University $28,704 95%
65. Claremont McKenna College $28,627 100%
66. Lafayette College $28,606 97%
67. Babson College $28,454 92%
68. Gettysburg College $28,444 100%
69. Occidental College $28,046 100%
70. Boston College $27,621 100%
71. Oberlin College $27,516 100%
72. Hobart and William Smith College $27,412 97%
73. Georgetown University $26,966 100%
74. Northwestern University $26,817 100%
75. Chapman University $26,497 100%
76. St. John's College $26,388 98%
77. University of Southern California $25,434 100%
78. Drew University $24,969 77%
79. Villanova University $24,921 80%
80. Carnegie Mellon University $24,680 82%
81. University of Miami $24,521 83%
82. Rensselaer Polytechnic Institute $24,428 87%
83. Tulane University $23,690 92%
84. Bucknell University $23,500 95%
85. Boston University $23,413 90%
86. Fairfield University $22,916 88%
87. The New School $22,350 78%
88. Dominican University of California $22,100 64%
89. New York University $21,348 69%
90. Worcester Polytechnic Institute $20,776 74%
91. Providence College $20,138 87%
92. Southern Methodist University $20,003 90%
93. Stevens Institute of Technology $20,000 N/A
94. Olin College of Engineering $19,560 100%
95. Fordham University - Lincoln Center $19,234 78%
95. Fordham University - Rose Hill $19,234 78%
97. Bard College at Simon's Rock $18,915 65%
98. Loyola University Maryland $17,890 100%
99. American University $15,448 85%
100. Drexel University $14,844 61%
 
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