Increasingly, private colleges are offering financial aid making them at par or cheaper than public schools.
A study of college costs by the Bay Area News Group in 2012 found that a family of four making $130,000 a year would pay $24,000 a year to send a son or daughter to college in the California State University system—or $19,500 to the University of California, Berkeley.
Because Harvard is private and wealthy, it can offer a more robust financial-aid package than can either the Cal State or University of California system, which depend on government funding. As a result, the same student from the same family could attend Harvard for $17,000. You read it right!
Many middle-class folks give up on sending their kids to prestigious colleges due to financial issues. However, that is no longer the case as public colleges are raising prices and becoming quite expensive and frankly uncompetitive.
Here are some facts from Harvard University:
You can also get scholarships. We have written some blogs about them. If you are looking for a list of scholarships, this one is a must read. If you are looking for full-ride scholarships, read this one.
And finally, there are many outside sources of financial aid. Some of them are: