Ah yes, the prestigious Ivy League—Brown, Columbia, Cornell, Dartmouth, Harvard, Princeton, Penn, and Yale. Considered to be among the crème de la crème of American universities, these eight private schools rank high on the list of many high school students—including homeschoolers—when it comes to applying to colleges.
And what’s not to like? Known for their academic excellence, selectivity in admissions, and elite social connections, Ivy League schools often deliver a high ROI to grads who are able to translate their pricey degrees into high-paying jobs in the upper echelons of America’s top career fields.
And thanks to multi-billion-dollar endowments, students from middle-class and lower socioeconomic backgrounds can benefit from generous financial aid packages that offset high tuition rates and make an Ivy League education more affordable—and no longer the exclusive domain of the rich and powerful.
But even with these positives, many students and their parents look at the average $65,000 annual price tag for tuition, room, meals, and fees and ask themselves the big question: Is an Ivy League degree really worth it? And perhaps more to the point, why should you even bother applying to an Ivy League school when there are so many other high-quality, lower-cost public and private higher education options available?
Are Ivies worth the trouble?
To help answer these questions, Dr. Kat Cohen, founder and CEO of IvyWise, a college counseling firm, offers some insights from her days as a former Yale application reader.
For her, it’s all about the financial aid package. Beyond this, Cohen says the most important element of a student’s college education is what they make of their experience on campus. And while an Ivy League education can be valuable, she believes that many highly motivated students who are proactive about fostering rich academic and social experiences with classmates and faculty can get the same caliber education at other schools for a fraction of the cost.
Bottom line: Simply attending an Ivy League school isn’t enough to guarantee long-term career success. However, if an elite-level school offers a combination of scholarships and other assistance that significantly offsets the high tuition costs, then it makes sense to apply and see what happens. As the old saying goes, you never know until you try!
The good news is that no matter which college a student chooses, those who are active on campus, maintain top grades, develop defined interests, and connect with classmates, faculty, and alums will get the most out of their educational experience. And there are plenty of great public and private options available in every state across the nation.
So, while it may make sense for students to shoot for the stars and apply to an Ivy League or similar elite-level university, it’s always good to have a backup plan that includes a solid mix of educational options at varying price points.
With this in mind, here are seven fast facts to keep in mind if you’re considering decide to throw an Ivy League school into their college application mix:
Most homeschoolers have a higher GPA than traditional students—making them relatively more competitive from the get-go.
Elite-level colleges like Harvard, Yale, MIT, Duke, and Stanford want homeschoolers—and are doing everything they can to actively recruit students who have been homeschooled. They recognize that homeschooled students are often better prepared for college than their non-homeschooled peers. And they see the value in going after them.
Many colleges are adjusting their admissions policies to be friendlier to homeschooled applicants. Instead of relying on transcripts, many now accept work portfolios and offer a more flexible admissions process.
Homeschooled students often stand out in highly competitive admissions situations. Why? Because when a large pool of students competes for a few coveted spots, homeschoolers have an edge when it comes to excelling in independent study situations that require a high degree of self-motivation—traits that point to a greater likelihood of success in the rigorous academic environment of an Ivy League school.
Don’t believe the rumor that homeschoolers must get a GED to be eligible for federal student aid—it’s simply not true. Unfortunately, some colleges continue to hold this incorrect view. In reality, however, homeschooled students are exempt from this requirement.
Homeschooled students are ahead of the curve and typically earn more college credits than their traditional-school peers before they even get to college—on average 14.7 college credits for homeschoolers compared to 6.0 credits for traditional-school students.
Homeschooled students do very well in college—so much so that they tend to outperform traditional students from start to finish during their college careers. For example, first-semester homeschool freshmen have an average 3.37 GPA, compared to 3.08 for other freshmen. And homeschooled college seniors earn an average GPA of 3.46, compared to 3.16 for their counterparts educated in traditional schools.
In the early days of homeschooling—30-plus years ago—there were significant hurdles that homeschool students faced when it came to admission to elite-level colleges. Nowadays, Ivy League schools are rolling out the red carpet to welcome homeschoolers and making it easier to navigate the process and receive full and fair consideration.
Coupling this trend with the generous financial aid and scholarship packages that most elite-level schools offer, the pie-in-the-sky dream of attending an Ivy League college may not be as far-fetched for homeschool students as it once was.
Of course, there are more factors to consider than just cost and potential career earnings when it comes to deciding which schools to apply to, but there are plenty of good reasons for homeschool students to spice up their college applications with a couple of Ivies and see what happens.