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Stanford offers free tuition for families making less than $125,000
Posted on 4/2/15 at 3:41 pm
Posted on 4/2/15 at 3:41 pm
6
Posted on 4/2/15 at 3:53 pm to Open Dore Policy
Makes you wonder how rich these Stanford kids are.
Posted on 4/2/15 at 4:32 pm to Carolina Tide
Pretty rich.
Posted on 4/2/15 at 5:55 pm to Open Dore Policy
quote:
As it stands, the school said that 77% of its undergraduate students graduate with no student debt.
Holy shite... How can this be true for a school that costs ~200k for 4 years of tuition ?!?!
Posted on 4/2/15 at 5:57 pm to reggierayreb
Student loans are pretty rare compared to a state school. The vast majority of students come from families too wealthy to qualify. The rest get need-based grants.
Posted on 4/2/15 at 6:20 pm to Open Dore Policy
Friggin socialism if you ask me.
Posted on 4/2/15 at 7:12 pm to Open Dore Policy
My sister goes to Stanford and my dad is elated at this because he made 119,000 this year 
Posted on 4/2/15 at 7:16 pm to reggierayreb
They have a great system for providing one of the best educations on a merit based program, regardless of your wealth status. If your family makes under 65k then the child gets everything free. Under 125k and you get free tuition. Over 125k and they look at each individual case..i.e if you make just over 125k and show you have a lot of dependents then they'll determine what you should pay.
They make sure no qualified kid gets left out of school there because of finances. Its way different than your ivy league schools like Harvard where you better have an important last name.
They make sure no qualified kid gets left out of school there because of finances. Its way different than your ivy league schools like Harvard where you better have an important last name.
Posted on 4/2/15 at 8:41 pm to deltaland
FWIW, all the Ivy's give need-based financial aid across the board. Their financial qualifications probably aren't as generous, but they don't withhold it from any qualified student. There are very, very few academic scholarships. Sure there are plenty of legacies, but plenty of people aren't. Tons of poor people, minorities, foreigners, etc. Stanford is the exact same way. The people who get screwed are the in-betweeners, just barely upper middle class whose parents probably combine to make about $200k.
Posted on 4/3/15 at 9:23 am to reggierayreb
quote:
Holy shite... How can this be true for a school that costs ~200k for 4 years of tuition ?!?!
Scholarships my man. Schollys. I have heard it said by recruiters from several Ivys that my daughter considered that if you can get in, you can get it covered one way or another. The endowments at these schools rank in the billions of dollars.
I once attended an industry relations conference at MIT held at the Boston Museum of Science. Very posh stuff. The Dean of the School of Engineering was a speaker. He made it very clear that the big difference between MIT and other schools regarding business relationships is " When you visit most schools, the schools want to market themselves to you. Here, its what you can do for MIT."
Extremely arrogant. One other thing I recall (this was 15 years ago now.) is that the name tags at the cocktail mixer before the speaking had your name, your firm and two numbers. The numbers were your graduating year from MIT. The academics would literally look at your tag, see if the numbers were there, if not they kept walking.
Posted on 4/3/15 at 5:23 pm to Open Dore Policy
FYI, if you live in northern CA and you only bring in 120k as a family with kids, you are poor.
A single wide trailer is 300k.
A single wide trailer is 300k.
Posted on 4/3/15 at 6:15 pm to deeprig9
Yea, no. Northern California above San Francisco isn't that expensive.
Posted on 4/4/15 at 7:59 am to Open Dore Policy
Most of the elite schools require very little from families making less than $100k. Very few students are paying full tuition. The schools can do this because of their huge endowments.
Posted on 4/4/15 at 9:12 am to PNW
quote:
Yea, no. Northern California above San Francisco isn't that expensive.
I'm speaking from experience in greater Sacramento.
If you want to keep arguing with me, please use Zillow and find me a house within 20 minutes of Sacramento with 3 beds 2 baths on a 1/2 acre lot for $300k.
You know, the kind of house that is $120k in greater Atlanta.
Thanks in advance.
ETA- My employer has an ATL office and a Sacramento (Rancho Cordova) office. Just in the course of business, I know it costs $60k a year for a security guard out there. Costs $30k here. It costs $110k for a windows admin (MSCE) out there. Costs about $65k here.
Keeping with those ratios, 120k combined household income out there is equivalent to $60k household income here.
That's two income earners with $30k a piece annually.
The very bottom of middle class. Not rich.
This post was edited on 4/4/15 at 9:17 am
Posted on 4/4/15 at 9:31 am to genro
quote:Yea this isn't uncommon for the elite schools. They have huge leeway in if they need to charge each student.
FWIW, all the Ivy's give need-based financial aid across the board. Their financial qualifications probably aren't as generous, but they don't withhold it from any qualified student. There are very, very few academic scholarships. Sure there are plenty of legacies, but plenty of people aren't. Tons of poor people, minorities, foreigners, etc. Stanford is the exact same way. The people who get screwed are the in-betweeners, just barely upper middle class whose parents probably combine to make about $200k.
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