Are elite schools only for rich students?

While elite schools often attract families with significant financial resources, they also seek to create diverse student bodies by admitting students from various socioeconomic backgrounds. Many elite schools offer need-based financial aid to support qualified applicants who may not have the means to afford tuition. However, the admissions process remains highly competitive, and securing financial assistance can be challenging. Families must carefully research each school’s policies, including financial aid availability and application requirements. Beyond tuition, additional costs such as books, extracurricular activities, and travel may still pose challenges. Despite these factors, elite schools prioritize talent, academic potential, and character, ensuring that admissions decisions are not solely based on financial status.