The sticker price of a year at an elite private school may be a far cry from what most people actually pay, so it‘s a good idea not to rule out any favorites based just on price. Many high-priced institutions are generous with their financial aid. The schools are listed here by sticker price—the sum of tuition, fees, and room and board—for the 2007-2008 academic year. (Remember, though, some schools don‘t change for tuition of room and board.) In addition, the table lists the average need-based financial aid package granted to undergraduates during 2006-2007. The typical aid package has three components: a need based grant, need-based loans, and work study. In order to qualify, students must file an annual aid application that demonstrates financial need. Expenses for 2007-2008 are provided in the directory when available.