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Ivy League Costs and Acceptance Rates for 2013

5/3/2013

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Do you have your heart set on attending an Ivy League university? Going to an Ivy League school adds cache’ to your resume’ and provides you with a stellar education. However, the sticker price for attending these schools is high. If you’re a good student with a high g.p.a. and high SAT scores, don’t let that sticker price scare you away just yet. The Ivy Leagues know their prices are out of reach for many families and often dip into their hefty endowments to allow you to attend their schools at an affordable price – if you can get accepted. Compare the average debt of a student graduating from an Ivy League to that of a student graduating from a state college and you’ll see that it’s often more expensive, debt-wise, to attend the state school. 

University                                           % Accepted        # Applied            3 year trend       Avg Debt
Harvard                                                     5.79%               35,023                  trending up         $10,102

Yale                                                          6.72%               29,610                  trending up           $9,254

Columbia                                                  6.89%               33,531                  trending flat        $18,420

Princeton                                                  7.29%               26,498                  trending flat          $5,330

Brown                                                      9.16%               28,919                  trending down     $20,455

Dartmouth                                              10.05%               22,416                  trending flat        $16,615

University of Pennsylvania                    12.10%               31,280                  trending flat        $17,891

Cornell                                                   15.15%               40,006                  trending up         $19,180


Do you have your heart set on attending an Ivy League university? Going to an Ivy League school adds cache’ to your resume’ and provides you with a stellar education. However, the sticker price for attending these schools is high. If you’re a good student with a high g.p.a. and high SAT scores, don’t let that sticker price scare you away just yet. The Ivy Leagues know their prices are out of reach for many families and often dip into their hefty endowments to allow you to attend their schools at an affordable price – if you can get accepted. Compare the average debt of a student graduating from an Ivy League to that of a student graduating from a state college and you’ll see that it’s often more expensive, debt-wise, to attend the state school.

In addition to providing you with the average debt of a graduating student, we thought you might be interested in acceptance rates and application trends for our beloved Ivys. So here is our casual analysis. 
  • Everyone is applying to Cornell. We think it’s probably because they have the highest acceptance rate of the Ivy schools so prospective students are hopeful of getting in. We doubt it's the isolated campus that's the draw. 
  • University of Pennsylvania is trending flat; we would suspect that the number of people willing to live in Pennsylvania doesn’t vary a lot.
  • Dartmouth is trending flat but we’re kind of interested to see how many of the accepted students actually elected to attend next year, given all of the unrest currently on Dartmouth's campus.
  • Brown is trending down in applicants which seems surprising since they boast a fairly high acceptance percentage and Emma Watson. What's up with that?
  • Princeton is trending flat – with a relatively mediocre acceptance rate. We aren’t sure if, like Pennsylvania, only so many people are willing to live in New Jersey or if the Princeton Eating Clubs make some prospective students run away. 
  • Yale and Columbia are fairly close in the number of applicants although it is an increase in applicants for Yale while Columbia remains fairly flat. Columbia got about 4,000 more applications than Yale this year.
  • Which leaves Harvard, the school that enjoys a continually increasing number of applications each year while sporting the lowest acceptance rate of the Ivy’s. Go ahead, throw away your application fee, I dare you. 

Hopefully this information will help you make some good decisions regarding the ivy schools to which you choose to apply. If you want to see the New York Times' application information for more schools, you know what to do.

by: Sherry Thompson


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