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The Ivy League admissions are "need blind." If you are accepted, they will give you adequate grants and loans to attend.
They give NO merit or athletic scholarships. It is forbidden.
Also, several of the Ivies ONLY give grants. So a poor person would get an education and leave with NO debt.
(You are significantly uninformed.)
Uh, no I'm not. You stated: "Again, if you really went to an "elite" college and you couldn't afford to pay, you wouldn't have to." That is false. Even at need blind schools (which not all elite schools are, by the way), a significant portion of your aid will likely be loans, subsidized or otherwise. In other words, you still have to pay for it.
More importantly, the college's idea of your need is not necessarily the reality. Like I said, if you have a wealthy family, you are pretty much screwed, b/c the college will say you have no need and the family should pay for it. It doesn't matter if your family actually will be paying for it or not.