Universities That Claim to Meet Full Financial Need

These institutions report meeting any gap in families' funding.

By KATY HOPKINS February 11, 2013

Colleges have a variety of ways to bring down costs for students. Some lock in
tuition rates, while others don't charge tuition at all.

And 64 colleges have pledged to meet the full financial need of any admitted
undergraduate, regardless of sticker prices they may publish.

In a 2012 U.S. News survey, 1,164 colleges reported the average percentage of
financial need they met for their incoming undergrad students in fall 2011. Sixty-four
of those institutions, including both National Universities and National Liberal Arts
Colleges, reported meeting 100 percent, on average, of their admitted students'
financial need.

A college that meets full financial need won't necessarily cover every dollar a family
owes, but they will use some form of financial aid to cover the gap between total
costs (including tuition, room and board, books, travel, and other expenses) and
expected family contribution (EFC).

[Avoid these assumptions about college financial aid.]

The calculation of an EFC can vary by institution, as schools may use their own
formulas including indicators such as household income, assets, and family size to
help determine what they think a family can reasonably pay for college. Schools can
also use the federal EFC, calculated from a student's Free Application for Federal
Student Aid (FAFSA).

Once an institution has determined an EFC, the means they use to fill outstanding
financial need can vary. While some schools on the list below may make up the
difference with scholarships and grants, others may offer subsidized student loans or
work-study opportunities. Still others may use a combination of the former (which
students won't have to pay back) and the latter (which will ultimately cost the
student either money or time and effort).

In what's likely to be good news for students, colleges on the list below are
widespread, both in terms of geographic location and U.S. News rank. Whether
students are interested in the Northeast or the West Coast, there are schools that
claim to meet full financial need. And from top-ranked Harvard University and
Princeton University to Concordia College, designated as Rank Not Published (RNP)
by U.S. News because its numerical rank would have fallen in the bottom one fourth
of schools, prospective college students have a variety of institutions to consider.

[Explore the U.S. News Best Colleges rankings.]

Some institutions, such as Grinnell College, have reported meeting full financial need
for years, while others, including the University of Notre Dame, are on the list now
after not making the cut last year.

Universities That Claim to Meet Full Financial Need

National Liberal Arts Colleges . National Universities Franklin W.S. National Universities Bowdoin College ME 6. News rank & category Amherst College MA 2. National Universities Dartmouth College NH 10. National Liberal Arts Colleges California Institute of Technology CA 10.S. National Liberal Arts Colleges Barnard College NY 28. School name State U. National Universities Harvey Mudd College CA 12. National Liberal Arts Colleges Amridge University AL RNP. of the financial need of their admitted full-time undergraduate students in fall 2011. National Liberal Arts Colleges Grinnell College IA 22.Only schools that are defined by U. National Universities Middlebury College VT 4. National Liberal Arts Colleges Bates College ME 22. National Liberal Arts Colleges Colby College ME 18. National Liberal Arts Colleges Columbia University NY 4. National Universities Carleton College MN 8. National Liberal Arts Colleges Austin College TX 63. News as National Universities or National Liberal Arts Colleges were considered for this report. National Liberal Arts Colleges Massachusetts Institute of Technology MA 6. These colleges claimed to have met 100 percent. National Liberal Arts Colleges Brown University RI 15. National Liberal Arts Colleges Hamilton College NY 16. National Liberal Arts Colleges Carroll University WI 43. on average. National Liberal Arts Colleges Harvard University MA 1. National Universities Gettysburg College PA 46. National Universities Davidson College NC 12. National Liberal Arts Colleges Boston College MA 31. National Liberal Arts Colleges Duke University NC 8. Regional Universities (Midwest) Claremont McKenna College CA 10. National Universities Concordia College AL RNP. National Universities Bryn Athyn College of the New Church PA RNP. National Liberal Arts Colleges Bryn Mawr College PA 26. Regional Colleges (South) Cornell University NY 15. National Liberal Arts Colleges Macalester College MN 24. National Liberal Arts Colleges College of the Holy Cross MA 32. National Liberal Arts Colleges Haverford College PA 10. National Liberal Arts Colleges Colgate University NY 18. National Universities Emory University GA 20. Olin College of Engineering MA Unranked Georgetown University DC 21.

National Universities University of Chicago IL 4. access the U. National Universities The financial need data above are correct as of Feb.com/education/best-colleges/paying-for- college/articles/2013/02/11/universities-that-claim-to-meet-full-financial-need . National Universities University of North Carolina—Chapel Hill NC 30. National Liberal Arts Colleges Princeton University NJ 1. National Liberal Arts Colleges Tufts University MA 28. National Universities Wellesley College MA 6. full rankings. National Liberal Arts Colleges Stanford University CA 6. National Liberal Arts Colleges University of Virginia VA 24. Olaf College MN 55. National Universities University of Notre Dame IN 17. National Liberal Arts Colleges Washington University in St. National Liberal Arts Colleges Thomas Aquinas College CA 82. 2013. National Liberal Arts Colleges Wesleyan University CT 17. National Universities Rice University TX 17. National Universities Vassar College NY 10. National Liberal Arts Colleges Smith College MA 18. National Universities University of Pennsylvania PA 8. National Liberal Arts Colleges Occidental College CA 39. National Universities Vanderbilt University TN 17. National Liberal Arts Colleges Pomona College CA 4.Mount Holyoke College MA 32. National Liberal Arts Colleges Trinity College CT 38.S. National Liberal Arts Colleges Pitzer College CA 43. National Liberal Arts Colleges Northwestern University IL 12. National Liberal Arts Colleges Yale University CT 3. National Universities University of Richmond VA 28. National Liberal Arts Colleges Williams College MA 1. For complete financial aid data.usnews. National Universities Swarthmore College PA 3. Louis MO 14. 11. National Universities Scripps College CA 24. News College Compass. http://www. and much more. National Universities Oberlin College OH 26. National Liberal Arts Colleges St.