5. Financial Aid Shortcomings
Despite claims of affordability, Ivy League institutions often present financial aid packages that may not fully alleviate the financial burdens on lower- and middle-income families. Hidden costs, such as fees for activities, textbooks, and other essentials, can significantly increase the total cost of attendance. Even with substantial endowments, these schools sometimes fall short in providing comprehensive support, leaving families to cover substantial gaps. This situation underscores the need for a more transparent and inclusive approach to financial aid. (cnbc.com)
