Vassar College in Poughkeepsie is ranked the No. 1 school for financial aid, according to the Princeton Review.

The rankings are based on surveys of students and college administrators at more than 650 schools this academic year.

Another Princeton Review survey says 98% of families responded that financial aid is necessary to pay tuition.

Tuition at Vassar is over $81,000 but the average need-based scholarship given out is nearly $59,000 – so students end up paying about $22,500.

Other schools on the list include Princeton, Yale, Pomona and Vanderbilt.