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

• www.forbes.com/s...
• Compare | College Scorecard
• The top 10 most affordable colleges on the ‘New Ivies’ list from Forbes—2 are private schools – NBC New York

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