U.S. News & World Report recently published a report that only 63 colleges are actualy able to meet students’ full financial needs. Financial need is the difference between tuition cost and a student’s expected family contribution as calculated by FAFSA or the institution itself. That discrepancy is then made up by schools that claim to meet full need through grants and loans.
Students also spend hours searching for college scholarships to fill that gap to pay for college.
Here is was U.S. News & World Report said about the Best Colleges for Financial Aid:
During the recent recession, numerous schools striving to meet the full financial needs of students were unable to do so because of shrinking endowments, dwindling donations, and sharp decreases in state funding. Though the economic recovery is far from over, some schools are now able to offer more than they have in the past…
…[Sixty-three] schools out of more than 1,700 surveyed by U.S. News that claim to meet their students’ full financial need. All schools listed report that they meet 100 percent of need for all students. Several schools including Vanderbilt University and Johns Hopkins University were a few percentage points shy of meeting full need, but were not included in the table: