Many elite schools practice need-blind admissions - Harvard, Yale, Princeton, etc. Financial standing has no merit on admissions, and if you can get in, you get

Many elite schools practice need-blind admissions - Harvard, Yale, Princeton, etc. Financial standing has no merit on admissions, and if you can get in, you get to attend regardless of the financial support you require. Its a great system, but it unfortunately falls apart for the less-elite schools which don't have massive endowments to rely on.