Ivy League Universities and The Kind of Financial Help They Offer to Students

Ivy League is a group of eight private higher education institutions located in the Northeastern part of the United States which are known for education of the highest levelas well as for their long and significant history. The Ivy League was established in 1954 and is, actually, and athletic conference consisting of sport teams from 8 universities, which are Yale University, Princeton University, Cornell University, Harvard University, Columbia University, Brown University, University of Pennsylvania, and Dartmouth University. The headquarters of the Ivy League is located in Princeton, New Jersey, and since 2009 the commissioner of the organization is Robin Harris.

Universities of the Ivy League are highly selective every year with high admission rates. In general, all of eight Ivy League Universities provide students with financial aid in form of scholarships, which are quite generous (Ivy League, 2016). Speaking about scholarship opportunities given by Ivy League Universities, all of the institutions offer their students a vast number of various scholarships as well as sources of financial aid. For example, is to consider Yale University, it does not pay attention to the ability of prospective students to pay and provides them with 100% financial aid. Financial aid in Yale University is given on the basis of students’ need in order to make education there affordable for everyone. Financial aid at the University is given in the form of scholarship which varies from several thousand dollars to 50 thousand dollars per year (University Yale, 2016). There is no difference whether white American or a person of racial minorities applies for a scholarship, only family’s annual income matters. If is it less than 65 thousand dollars per year, the University will apply a scholarship for such student.

Harvand University scholarships also cover financial needs of demanding students and is based on the contributions of the family, its amount and duration. Scholarships given by Harvard University are forms with the help of endowment funds, federal and state grants, as well as alumni gifts (Positions, 2014). What is more, University of Pennsylvania also offers a vast number of aids and scholarships to its students. There are 4 types of scholarsips given by the University, which as Academic Scholarships ($700 - $2,500), Campus Scholarships ($800 - $2000), Administrative Unit Scholarships, and Outside Scholarships. In order to apply to any of the scholarships, the student has to provide Scholarship commission with in-depth regarding their financial options and ability to contribute to education in the Ivy League Universities.

If to speak about the prospects and opportunities of studying at one of 8 Ivy League institutions, all of them are obviously the best American Universities with students throughout the world dreaming to study there. They are highly ranked by different university rankings. All those Universities produced a lot of Nobel laureates, for example, 153 Nobel winners graduated from the Harvard University, 101 - from Columbia University, 52 - from the Yale University, 45 - from Cornell University, 37 - from Princeton University, and 29 - from the University of Pennsylvania (Ivy League, 2016). Thus, all the Universities give the students brights career prospects speaking about the knowledge which is given there as well as the prestige of the University which is important for employers.

To sum up the above mentioned information, the Ivy League Universities provide their students with great number of financial aids and scholarships notwithstanding students’ gender, race, age, and social class. What is more, all of them are prestigious and give good career prospects for everyone.