Ivy League schools don't want money to be a factor that influences which college or university a student chooses. If you're accepted to an Ivy League school, you won't get an academic scholarship or a baseball scholarship, because all scholarships are based on need. Once you're accepted, each school will do whatever it can to help ensure that you can afford to attend by providing grants, loans and jobs to students.
No Baseball Scholarships
Let's say you're a talented baseball player. You get accepted to Harvard and Dartmouth. If one school offered you a baseball scholarship, you'd probably choose that school. If both offered you scholarships, you'd probably take the higher offer. Don't worry, you won't ever have to make that decision, because Ivy League schools don't offer athletic or academic scholarships. The schools don't want to use money to persuade a student to choose one school over another or to be put in a position of bidding against one another for a top athlete or a top student.
It's harder to get accepted to an Ivy League school than it is to afford one. Acceptance rates range from a low of 5.8 percent -- one out of every 17 -- at Harvard to a high of 15.2 percent -- one out of every six -- at Cornell. However, once you're accepted to an Ivy League school, each school commits to meeting 100 percent of a student's demonstrated financial need. All scholarships are based entirely on need, and the number of students receiving some kind of financial aid ranges from 45 percent to 60 percent, according to Admissions Consultants.
Ivy League Scholarships
For those who need assistance, the scholarships at Ivy League schools are generous, and students who attend Ivy League schools graduate with less debt than students who attend other schools. For example, if your family makes less than $75,000 a year, you can go to Harvard, Yale or Dartmouth for free. In addition, the scholarships at each school are in the form of grants, not loans. These schools are able to provide this kind of financial aid because of their large endowments and generous alumni gifts. For example, Princeton has an estimated $17 billion endowment; Harvard's endowment is estimated at $30 billion.
Scholarships From Other Schools
Even though Ivy League schools won't give you a baseball scholarship, other top-rated schools might. One way that other schools can compete with Ivy League schools for top athletes and students is by offering academic and athletic scholarships. If you don't qualify for a scholarship, an Ivy League education will cost about $200,000 for four years. It might be difficult to turn down a baseball scholarship from a top-rated school and pay $200,000 instead for a four-year Ivy League education.
Steve McDonnell's experience running businesses and launching companies complements his technical expertise in information, technology and human resources. He earned a degree in computer science from Dartmouth College, served on the WorldatWork editorial board, blogged for the Spotfire Business Intelligence blog and has published books and book chapters for International Human Resource Information Management and Westlaw.