Table of Contents
The Ivy League has long been exalted as the cream of the crop when it comes to American universities.
But after a wave of scandals and rising tuition costs, a new set of far more affordable schools is closing in on their turf.
And with new data revealing how even the most expensive education does not always parlay into a high salary, families are looking elsewhere.
Forbes has now released a list naming the ‘new Ivies’.
The average tuition for first year students at the 10 most-affordable ‘new Ivies’ is $20,000 less – at $42,233 for out-of-state students. Recipients of financial aid at these schools pay an average of $15,436 according to College Scorecard.
1. University of Florida
Pictured: The University of Florida
- Out-of-state tuition: $28,658 per year
- In-state with financial aid: $6,275 per year
2. University of North Carolina – Chapel Hill
Pictured: The University of North Carolina Chapel Hill Seal in brick walk way
- Out-of-state tuition: $39,228 per year
- In-state with financial aid: $12,414 per year
3. Georgia Institute of Technology
Pictured: View of the campus of the Georgia Institute of Technology
- Out-of-state tuition: $32,940 per year
- In-state with financial aid: $14,588 per year
4. Rice University
Pictured: Rice University in Houston, Texas
- Out-of-state tuition: $62,874 per year
- In-state with financial aid: $15,091 per year
5. University of Illinois Urbana – Champaign
Pictured: University of Illinois college campus quad in Urbana Champaign Illinois
- Out-of-state tuition: $36,760 – $44,664 per year (varies based on major)
- In-state with financial aid: $16,109 per year
6. University of Maryland – College Park
Pictured: The University of Maryland
- Out-of-state tuition: $39,464 per year
- In-state with financial aid: $16,590 per year
7. University of Michigan – Ann Arbor
Pictured: The University of Michigan
- Out-of-state tuition: $27,864 per year (figure reflects 2023-24 tuition price, 2024-25 price not available)
- In-state with financial aid: $16,792 per year
8. University of Wisconsin – Madison
Pictured: The University of Wisconsin – Madison
- Out-of-state tuition: $42,104 per year
- In-state with financial aid: $16,834 per year
9. University of Texas – Austin
Pictured: The Main Building (known colloquially as The Tower) – a structure at the center of the University of Texas at Austin campus
- Out-of-state tuition: $40,582 – $48,712 per year (varies based on major)
- In-state with financial aid: $18,850 per year
10. Johns Hopkins University
Pictured: Johns Hopkins University
- Out-of-state tuition: $64,730 per year
- In-state with financial aid: $20,820 per year
