So, let me share with you three things you need to know if you’re helping your child decide to which colleges to apply:

1. Many times, the top private universities have more money to offer scholarships than state schools. If your child is academically strong and has an interesting profile, consider applying to the Ivy League schools: Brown, Columbia, Cornell, Dartmouth, Harvard, Princeton, University of Pennsylvania, and Yale. These institutions have huge endowments and great initiatives to help students from middle- and low-income families.