10 colleges where students are happiest with their financial aid
Financial aid including grants and scholarships can help students and their families pay a fraction of the costs for schools that may otherwise be out of reach.
Nearly 3 in 4 students received some form of financial aid in the 2019-2020 school year, and 28% received aid from their institution, according to the latest available National Center for Education Statistics data.
Everyone can apply for federal financial aid using the Free Application for Federal Student Aid. Schools typically require the FAFSA — and sometimes, additionally, the CSS Profile, another aid application form used primarily by private schools — to determine aid eligibility. While not everyone will qualify for need-based aid, merit-based grants and scholarships can help students foot the bill, too.
Students are most satisfied with their financial aid packages at Washington and Lee University in Lexington, Virginia, according to the latest Princeton Review rankings. The publication ranks colleges based on students' response to the question, "If you receive financial aid, how satisfied are you with your financial aid package?"
"Washington and Lee is committed to making the highest quality education affordable for all students," Drewry Sackett, executive director of communications at the college, said in an email.
The school practices need-blind admissions and delivers financial aid packages to meet 100% of demonstrated financial need without loans. Roughly 10% of each class also receives a merit-based scholarship, he added.
Students may receive more aid, on average, at other colleges, but students at the schools atop Princeton Review's list report the highest level of satisfaction with their offerings. While affordability is a major consideration for plenty of families sending a student to college, it's not the only one.
"What truly shapes a positive financial aid experience is how well the aid office partners with [families]," says Dana Kelly, vice president of professional development and institutional compliance at the National Association for Student Financial Aid Administrators.
"Even if the final aid offer isn't exactly what a student or family hoped for, an office that is proactive, transparent, and responsive can make all the difference in how that experience is perceived," she says.
Here are the schools that topped The Princeton Review's rankings along with 2025-26 tuition, according to the schools' websites, and average net price, according to Department of Education data. The average net price is the average annual cost after grants and aid among students receiving federal financial aid as of the 2022-23 school year, the latest available.
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17 hours ago
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10 colleges where students are happiest with their financial aid
With some colleges listing total annual costs nearing $100,000, it may be more important than ever for aspiring students to find and consider schools that offer generous financial aid packages. Financial aid including grants and scholarships can help students and their families pay a fraction of the costs for schools that may otherwise be out of reach. Nearly 3 in 4 students received some form of financial aid in the 2019-2020 school year, and 28% received aid from their institution, according to the latest available National Center for Education Statistics data. Everyone can apply for federal financial aid using the Free Application for Federal Student Aid. Schools typically require the FAFSA — and sometimes, additionally, the CSS Profile, another aid application form used primarily by private schools — to determine aid eligibility. While not everyone will qualify for need-based aid, merit-based grants and scholarships can help students foot the bill, too. Students are most satisfied with their financial aid packages at Washington and Lee University in Lexington, Virginia, according to the latest Princeton Review rankings. The publication ranks colleges based on students' response to the question, "If you receive financial aid, how satisfied are you with your financial aid package?" "Washington and Lee is committed to making the highest quality education affordable for all students," Drewry Sackett, executive director of communications at the college, said in an email. The school practices need-blind admissions and delivers financial aid packages to meet 100% of demonstrated financial need without loans. Roughly 10% of each class also receives a merit-based scholarship, he added. Students may receive more aid, on average, at other colleges, but students at the schools atop Princeton Review's list report the highest level of satisfaction with their offerings. While affordability is a major consideration for plenty of families sending a student to college, it's not the only one. "What truly shapes a positive financial aid experience is how well the aid office partners with [families]," says Dana Kelly, vice president of professional development and institutional compliance at the National Association for Student Financial Aid Administrators. "Even if the final aid offer isn't exactly what a student or family hoped for, an office that is proactive, transparent, and responsive can make all the difference in how that experience is perceived," she says. Here are the schools that topped The Princeton Review's rankings along with 2025-26 tuition, according to the schools' websites, and average net price, according to Department of Education data. The average net price is the average annual cost after grants and aid among students receiving federal financial aid as of the 2022-23 school year, the latest available.
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This year's top 10 colleges for financial aid, according to The Princeton Review
For the first time, the total cost of college this year is nearing or crossing the $100,000 threshold at several institutions in the U.S. Although the price tags are shocking, few families pay the full tab. As of the 2024-25 academic year, the amount families actually spent on education costs was closer to $31,000, on average, according to Sallie Mae's annual How America Pays for College report. In most cases, parent income and savings cover about half of college costs, Sallie Mae found. Free money from scholarships and grants accounts for more than a quarter of the costs and student loans make up most of the rest. "You really do need to have a multipoint plan, and it's not just savings and not just debt," said Chris Ebeling, head of student lending at Citizens. More from Personal Finance:Education Department launches FAFSA sooner than expectedFamilies feel confident about paying for college, until tuition bills arriveStudent loan borrowers: How will the end of the SAVE plan affect you? Tell us When it comes to applying for financial aid, "there are buckets of resource dollars available," said Robert Franek, editor in chief at The Princeton Review. Beyond federal assistance from the U.S. Department of Education and state aid, many schools offer their own grant or scholarship funds. To that end, The Princeton Review ranked colleges by how generous these awards are and how satisfied students are with their packages. The 2026 edition of the company's "Best Colleges" guide is based on data from surveys of 170,000 students during the 2024-25 academic year. Sticker prices are based on the upcoming school year. The colleges and universities that ranked the highest on The Princeton Review's list not only deliver on assistance, but also on addressing concerns about college affordability head on, Franek said. "These schools understand the pain points that families have in general and it is around cost, cost, cost," he said. At Amherst College, for example, the sticker price for 2025-26 is $93,090 a year — including tuition, fees and room and board — but the average need-based scholarship is $71,342, which brings the total out-of-pocket cost down to $21,748. At other schools in the top 10, the out-of-pocket costs are even lower. 1. Washington and Lee UniversityLocation: Lexington, Virginia Sticker price: $86,730Average need-based scholarship: $67,220Total out-of-pocket cost: $19,510Average share of need met for first-year students with need-based aid: 100% 2. Franklin W. Olin College of EngineeringLocation: Needham, MassachusettsSticker price: $84,278Average need-based scholarship: $56,968Total out-of-pocket cost: $27,310Average share of need met for first-year students with need-based aid: 99% 3. Washington University in St. LouisLocation: St. Louis, MissouriSticker price: $92,932Average need-based scholarship: $70,607Total out-of-pocket cost: $22,325Average share of need met for first-year students with need-based aid: 100% 4. Princeton UniversityLocation: Princeton, New JerseySticker price: $86,668Average need-based scholarship: $73,711Total out-of-pocket cost: $12,957Average share of need met for first-year students with need-based aid: 100% 5. Reed CollegeLocation: Portland, OregonSticker price: $89,843Average need-based scholarship: $52,382Total out-of-pocket cost: $37,461Average share of need met for first-year students with need-based aid: 100% 6. Amherst CollegeLocation: Amherst, MassachusettsSticker price: $93,090Average need-based scholarship: $71,342Total out-of-pocket cost: $21,748Average share of need met for first-year students with need-based aid: 100% 7. Lafayette CollegeLocation: Easton, PennsylvaniaSticker price: $87,318Average need-based scholarship: $49,603Total out-of-pocket cost: $37,715Average share of need met for first-year students with need-based aid: 100% 8. Columbia UniversityLocation: New York, New YorkSticker price: $89,425Average need-based scholarship: $73,702Total out-of-pocket cost: $15,723Average share of need met for first-year students with need-based aid: 100% 9. Rice UniversityLocation: Houston, TexasSticker price: $87,047Average need-based scholarship: $66,070Total out-of-pocket cost: $20,977Average share of need met for first-year students with need-based aid: 100% 10. Gettysburg CollegeLocation: Gettysburg, PennsylvaniaSticker price: $85,640Average need-based scholarship: $48,573Total out-of-pocket cost: $37,067Average share of need met for first-year students with need-based aid: 90%
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Public School Enrollment Is Declining — But Not Everywhere, or for All Students
A version of this essay appeared on the FutureEd blog. Between fall 2019 and fall 2023, public school enrollment fell from 50.8 million to 49.5 million, a loss of more than 1.2 million students, or 2.5%. The pandemic accelerated that decline, but enrollment was already falling in some grades and communities before COVID, and that trend is expected to continue: The National Center for Education Statistics (NCES) projects overall enrollment will fall below 47 million by 2031. Yet a FutureEd analysis based on data from NCES, the Center for Disease Control and Prevention and other sources, finds that enrollment trends vary widely by race, grade level, geography and schools. That variation offers important insight into how the education landscape is shifting, where the challenges are most acute and what it means for the future of the public school system. When COVID struck and public schools switched to virtual learning, some families began educating their children at home; others opted for private schools, many of which resumed in-person learning sooner than public schools. Get stories like this delivered straight to your inbox. Sign up for The 74 Newsletter Though many families eventually returned, by fall 2022, an estimated 3.4% of American children were homeschooled, compared with 2.8% in fall 2019 — and advocates say the number continues to rise. Private school enrollment also grew, reaching roughly 7 million in 2021, an estimated 22% increase over pre-pandemic levels. Newly expanded school choice policies are likely to accelerate that shift: Sixteen states offer or intend to offer public funding for private school tuition to any student in the state. While these programs haven't yet triggered a mass public school exodus, they are likely to reshape some family preferences and expand the supply of private alternatives. Still, family choices aren't the sole or even primary driver of the decline. The U.S. birthrate has fallen steadily for more than a decade and is now —at just under 1.6 — the lowest in history. Between 2010 and 2020, the number of children under 5 fell by 1.8 million nationwide, from 20.2 million to 18.4 million. That shrinking pipeline is now reaching classrooms. Related Historically, immigration has helped offset declining birth rates, but that may not be enough to sustain enrollment. Recent immigration crackdowns could further reduce student numbers. Domestic migration is also reshaping enrollment patterns. High housing costs and taxes are driving families from urban areas and high-cost states like California. As a result, some regions are experiencing much steeper enrollment losses than others, while others are growing. The sharpest declines are seen among the youngest students. Between fall 2019 and 2023, kindergarten enrollment fell by 215,000 students — nearly 6%. Elementary schools overall lost about 865,000 students (4%), while middle school enrollment (grades 6–8) declined by nearly 700,000 (6%). The largest drop, 7%, was seen in sixth grade. High school enrollment increased slightly, rising 2%, or roughly 345,000 students. The trends also vary by race and ethnicity. White students account for the largest share of the overall decline, a loss of nearly 2 million kids between fall 2019 and 2023 — an 8% drop. Black enrollment fell by about 250,000 students, or 3%. These decreases pre-dated the pandemic but accelerated afterward. As of fall 2023, white student enrollment is down 13% from its 2014 level. Meanwhile, Hispanic and Asian enrollment — long drivers of public school growth — continued to grow, but more slowly. Public schools added roughly 540,000 Hispanic students between fall 2019 and 2023 (a 4% increase), and about 72,000 Asian students (3%). In the five years before the pandemic, both groups were growing at closer to 8% to 9%. These increases are no longer large enough to offset losses among white and Black students. Enrollment declined in 41 states between fall 2019 and 2023, ranging from 0.3% in Louisiana to 6.5% in Hawaii. Thirteen states lost at least 5% of their students. California saw the largest decrease: 325,000 students (5%). In total, 29 states had fewer public school students in fall 2023 than they did in 2014 — and 23 states are projected to lose at least another 5% by 2030. West Virginia is expected to see the steepest proportional decline, at 18% (45,000 students), and California projected to lose the most students at 500,000 (8%). At the same time, 10 states, mostly in the South and Midwest, with lower overall tax burdens, saw enrollment growth between fall 2019 and 2023. Within states, urban districts, which had been growing before the pandemic, saw the steepest post-pandemic declines, losing some 675,000 students, or about 4%. Rural, suburban and town-based districts also lost students, though these decreases were more modest in comparison, around 1% to 2%. In California, for example, urban districts accounted for much of the state's overall decline, losing 180,000 students between fall 2019 and 2023. Los Angeles Unified School District lost the most students, 63,000 (13%), while Santa Ana Unified School District experienced a 17% decline (about 7,500). Even within districts, the impact varies. In Los Angeles Unified, high-poverty schools lost an average of 15% of their enrollment, versus a 10% decline at schools with fewer low-income students. And nationwide, public charter school enrollment has grown from 2.7 million in fall 2014 to 3.4 million in fall 2019 and 3.7 million in fall 2022, the most recent data available. Related So what are the consequences? In most states, public school funding is directly tied to enrollment. When students leave, or never enroll, schools lose per-pupil state dollars, which typically account for around 45% of their budgets. Federal COVID relief funds temporarily masked the strain, but with that money now expired, many schools are feeling the pressure. As budgets tighten, students often bear the consequences. Under-resourced schools may cut arts programs, electives and extracurriculars, or eliminate counselors, librarians and mental health professionals. With fewer students, schools also need fewer teachers, prompting layoffs that ripple through schools and local economies. And when enrollment drops sharply, course offerings inevitably shrink. Schools can't sustain multiple Advanced Placement classes, foreign language courses or sports teams if buildings are only half full. Eventually, under-enrolled schools may be closed, which can disrupt students, displace staff and erode community life. Between 2019 and 2024, for example, West Virginia, where enrollment is down 12% from 2014, shut 53 of its more than 600 schools due to declining enrollment. In rural areas, closures can be particularly disruptive; shuttering a small town's only school might mean the next nearest option is an hour's bus ride away. In all cases, students must be reassigned, which brings its own challenges and added costs to the neighboring schools. And when a school closes, it's not just students who are affected — teachers, janitors, cafeteria workers and other staff often lose their jobs, deepening the impact on the broader community. Related Today's enrollment declines don't seem like a temporary disruption, and districts are going to have to deal with this new reality. That doesn't always mean closing schools, but ignoring the inefficiencies of under-enrolled buildings isn't sustainable. Georgetown University's EdunomicsLab has identified ways of keeping small schools open, such as sharing staff across buildings or leasing out unused space. There is no one-size-fits-all solution. But as enrollment patterns continue to change, school districts will need to respond by balancing fiscal responsibility with community needs, all while ensuring that fewer students doesn't mean fewer opportunities. Solve the daily Crossword
