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Stanford students whose parents make less than 125K: no tuition
Poast new message in this thread
Date: March 29th, 2015 6:29 AM Author: avocado ratface property http://news.stanford.edu/news/2015/march/new-admits-finaid-032715.html
Stanford Report, March 27, 2015
Stanford has extended undergraduate admission offers to the Class of 2019 and announced an increase in financial aid. Now, parents with annual family incomes below $125,000 and typical assets will be expected to pay no Stanford tuition.
Stanford University has offered admission to 2,144 students, including 742 applicants who were accepted last December through the early action program, the Office of Undergraduate Admission and Financial Aid announced today.
In addition, Stanford announced that it is expanding financial aid by increasing the income thresholds at which parents are not expected to contribute toward educational costs.
Under the new policy, Stanford will expect no parental contribution toward tuition from parents with annual incomes below $125,000 – previously $100,000 – and typical assets. And there will be zero parental contribution toward tuition, room or board for parents with annual incomes below $65,000 – previously $60,000 – and typical assets.
"Our highest priority is that Stanford remain affordable and accessible to the most talented students, regardless of their financial circumstances," said Provost John Etchemendy. "Our generous financial aid program accomplishes that, and these enhancements will help even more families, including those in the middle class, afford Stanford without going into debt. Over half of our undergraduates receive financial aid from Stanford, and we are pleased that this program will make it even easier for students to thrive here."
Admits to Class of 2019 The Class of 2019 was selected from 42,487 candidates, the largest applicant pool in Stanford's history. The admitted students come from 50 states and 77 countries.
Of the admitted class, 16 percent are first-generation college students.
"We are honored by the interest in Stanford and the experiences shared by all prospective students through the application process," said Richard Shaw, dean of admission and financial aid. "The young people admitted to the Class of 2019 will engage their undergraduate years at Stanford with energy and initiative. Their contributions will impact the world in immeasurable ways. We are thrilled to communicate the good news to these accomplished students. The opportunities at Stanford are limitless, and our newly enhanced financial support makes these opportunities more accessible than ever before."
Students admitted under the early and regular decision admission program have until May 1 to accept Stanford's offer.
Expanded financial aid Stanford has long been committed to need-blind admissions for U.S. students, supported by a financial aid program that meets the demonstrated financial need of all admitted undergraduate students.
Since 2008-09, Stanford has provided two simple benchmarks that make it easy for prospective students to understand the possibilities for getting financial support from Stanford. These two benchmarks are being updated for all undergraduates for the 2015-16 year, with no parental contribution toward tuition expected for those with annual incomes below $125,000 and typical assets, and no parental contribution toward tuition, room or board expected for those below $65,000 with typical assets. Scholarship or grant funds will be provided to cover these costs in lieu of a parental contribution.
In either case, students will still be expected to contribute toward their own educational expenses from summer income, savings and part-time work during the school year. Students are expected to contribute at least $5,000 per year from these sources but are not expected to borrow to make the contribution.
Currently, 77 percent of Stanford undergraduates leave the university at graduation with no student debt.
Families with incomes at higher levels, typically up to $225,000, may also qualify for financial assistance, especially if more than one family member is enrolled in college. Financial aid offers vary by family, but the financial aid expansion for 2015-16 will allow Stanford to reduce the expected parental contribution for many families at these higher income levels.
Annual costs for a typical Stanford student total roughly $65,000 before financial aid.
"This expansion of the financial aid program is a demonstration of Stanford's commitment to access for outstanding students from all backgrounds – including not only those from the lowest socioeconomic status, but also middle- and upper-middle-class families who need our assistance as well," said Karen Cooper, associate dean and director of financial aid. |
Date: March 29th, 2015 6:30 AM Author: 180 Indian Lodge the poverty line is like $20K. wtf? (http://www.autoadmit.com/thread.php?thread_id=2841450&forum_id=2#27574905) |
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Date: March 29th, 2015 6:33 AM Author: brindle house Annual costs for a typical Stanford student total roughly $65,000 before financial aid. (http://www.autoadmit.com/thread.php?thread_id=2841450&forum_id=2#27574906) |
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Date: March 29th, 2015 6:34 AM Author: Scarlet Supple Boiling Water Native Oh is that all? (http://www.autoadmit.com/thread.php?thread_id=2841450&forum_id=2#27574907) |
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Date: March 29th, 2015 8:39 AM Author: Bistre halford This will be maybe 20 kids (http://www.autoadmit.com/thread.php?thread_id=2841450&forum_id=2#27575008) |
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Date: March 29th, 2015 12:54 PM Author: Amber multi-billionaire (http://www.autoadmit.com/thread.php?thread_id=2841450&forum_id=2#27575897) |
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Date: March 29th, 2015 2:18 PM Author: alcoholic school preventive strike (http://www.autoadmit.com/thread.php?thread_id=2841450&forum_id=2#27576372) |
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Date: March 30th, 2015 11:48 AM Author: Dun parlor (http://www.autoadmit.com/thread.php?thread_id=2841450&forum_id=2#27581648) |
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Date: March 29th, 2015 8:40 AM Author: Swollen Business Firm a lot of the top ivies have had programs like this for years now (http://www.autoadmit.com/thread.php?thread_id=2841450&forum_id=2#27575011) |
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Date: March 29th, 2015 11:46 AM Author: galvanic bearded sneaky criminal Nearly a decade, in fact. Fuck I'm old. (http://www.autoadmit.com/thread.php?thread_id=2841450&forum_id=2#27575631) |
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Date: March 29th, 2015 11:53 AM Author: aquamarine tantric old irish cottage Stanford's was and continues to be among the most generous (http://www.autoadmit.com/thread.php?thread_id=2841450&forum_id=2#27575654) |
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Date: March 29th, 2015 1:00 PM Author: Misanthropic nowag organic girlfriend yeah but more along the lines of 65k, ten years ago, probably around 80 ish now (http://www.autoadmit.com/thread.php?thread_id=2841450&forum_id=2#27575911) |
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Date: March 29th, 2015 11:39 AM Author: Multi-colored state I'm conflicted,
on one hand this is good that they recognize that debt burdens are a real hinderence
on the other hand, this is used to pitch the line that 65K tuition is no big deal
which you're in line for at the full rate at combined 225K income
which is still really alot
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Date: March 29th, 2015 11:44 AM Author: vibrant topaz lay (http://www.autoadmit.com/thread.php?thread_id=2841450&forum_id=2#27575624) |
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Date: March 29th, 2015 11:58 AM Author: Multi-colored state half that at 175K is really a lot
not sure what the sliding scale is |
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Date: March 29th, 2015 12:07 PM Author: vibrant topaz lay The problem is that Stanford's using this to justify its absurdly high tuition. $65,000 per year doesn't stop becoming a lot of money until you're making more than $500k. (http://www.autoadmit.com/thread.php?thread_id=2841450&forum_id=2#27575717) |
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Date: March 29th, 2015 12:51 PM Author: Multi-colored state yeah
not to mention the return on any investment of 200K for education is entirely shakey
http://www.nber.org/papers/w17159
http://www.brookings.edu/research/articles/2004/10/education...
http://www.brookings.edu/research/articles/2004/10/education...
and even if it does pay off, you have to work like a dog to make it pay off, its not exactly a passive investment |
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Date: March 29th, 2015 12:57 PM Author: Ocher casino gaping lmao even if you made 500k it'd be a huge burden unless you live in a shack. taxes alone would eat 200k of that. 20% of your take-home for college for ONE KID is absurd. remember most of these $500k jobs are in super high COL areas where the average mortgage is a huge % of income.
the only people rich enough to pay full tuition to these places have been scrimping and saving since junior was born and NO WRONG MOVES in their career path.
most UMC kids end up taking out loans. there's no other way. state flagships aren't that cheap anymore either. if you are having kids now, better start saving right away. |
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Date: March 29th, 2015 11:41 AM Author: Dark Dog Poop Question, how do they find applicants with the typical Stanford-lack of personality among the working poor? (http://www.autoadmit.com/thread.php?thread_id=2841450&forum_id=2#27575617) |
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Date: March 29th, 2015 11:51 AM Author: Multi-colored state you realize every high school between NY and CA has a valedictorian right?
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Date: March 30th, 2015 4:48 AM Author: chrome step-uncle's house lol, a valedictorian of a mediocre HS with a 2200 SAT who played baseball and did some other chill stuff is not getting into Stanford 2015 unless he has a hell of a story. (http://www.autoadmit.com/thread.php?thread_id=2841450&forum_id=2#27580705) |
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Date: March 30th, 2015 11:18 AM Author: Multi-colored state no shit,
but the 2,000 most qualified kids they reject are roughly indistinguishable from the 2,000 kids they let in |
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Date: March 29th, 2015 11:54 AM Author: Godawful sanctuary smart lower middle class kid learns that stanford will pay for everything and sends off his application full of hope, unaware that because he is 1) not a nig or 2) didn't have striver parents help to build the right application profile he has no chance of getting in. (http://www.autoadmit.com/thread.php?thread_id=2841450&forum_id=2#27575661) |
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Date: March 29th, 2015 12:02 PM Author: Aggressive cerebral rehab Yes, I had to learn the hard way that I am not a nigger
A-blu-blu-blu ... |
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Date: March 29th, 2015 12:04 PM Author: Godawful sanctuary ? (http://www.autoadmit.com/thread.php?thread_id=2841450&forum_id=2#27575695) |
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Date: March 29th, 2015 12:06 PM Author: Aggressive cerebral rehab In the end, diversity at very many inatitutions is still a front for race-based AA. (http://www.autoadmit.com/thread.php?thread_id=2841450&forum_id=2#27575710) |
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Date: March 29th, 2015 12:01 PM Author: Aggressive cerebral rehab Doesn't 125k family income place one in the top 5 percent of all families nationwide?
Regardless, we're probably talking about three college-aged kids and zero liquid assets. |
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Date: March 30th, 2015 9:01 AM Author: big-titted bawdyhouse I've heard other sources designate it as lower middle/middle class. (http://www.autoadmit.com/thread.php?thread_id=2841450&forum_id=2#27580961) |
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Date: March 30th, 2015 11:47 AM Author: racy ticket booth It's got to be middle middle class in most areas. that's daddy with a 100k job, mommy part timing it. average house, bills get paid, no roth contributions, one nice family vacation per year, driving 3 year old Japanese and American cars... |
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Date: March 30th, 2015 9:06 PM Author: big-titted bawdyhouse Maybe in low COL areas. (http://www.autoadmit.com/thread.php?thread_id=2841450&forum_id=2#27584967) |
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Date: March 29th, 2015 12:05 PM Author: Adventurous Milky Kitty Kind of surprised at xoxo's take.
They're still going to have to pay like 20k in room and board and shit. That's about 30% of their after tax income on one kid... |
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Date: March 29th, 2015 12:26 PM Author: galvanic bearded sneaky criminal Hard to feel that bad for UMC people who's kid got into Stanford and is getting a free ride w/r/t tuition. (http://www.autoadmit.com/thread.php?thread_id=2841450&forum_id=2#27575788) |
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Date: March 29th, 2015 12:59 PM Author: Ocher casino gaping Hard to feel like even UMC kids should be coming out with over 200k in loans for an undergraduate degree. At least a Stanford one is worth something. (http://www.autoadmit.com/thread.php?thread_id=2841450&forum_id=2#27575906) |
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Date: March 29th, 2015 1:21 PM Author: Multi-colored state if there is an M in the acronym, that's too much (http://www.autoadmit.com/thread.php?thread_id=2841450&forum_id=2#27575987) |
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Date: March 29th, 2015 1:27 PM Author: galvanic bearded sneaky criminal ? (http://www.autoadmit.com/thread.php?thread_id=2841450&forum_id=2#27576036) |
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Date: March 29th, 2015 2:19 PM Author: Chestnut international law enforcement agency gas station tcr. the idea is supposedly that parents can pay for it, but they obviously can't (or choose not to) if the kids have a full mortgage worth of debt by their 21st birthday. (http://www.autoadmit.com/thread.php?thread_id=2841450&forum_id=2#27576380) |
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Date: March 30th, 2015 4:45 AM Author: Canary incel Below $60k they cover tuition and room and board, and it's the same at the ivies and has been for a few years now. (http://www.autoadmit.com/thread.php?thread_id=2841450&forum_id=2#27580702) |
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Date: March 30th, 2015 4:51 AM Author: chrome step-uncle's house I'm surprised it isn't a higher threshold for room and board TBH. Stanford has a shitload of money and it's kind of embarrassing for them to barely offer more than Brown or Cornell. (http://www.autoadmit.com/thread.php?thread_id=2841450&forum_id=2#27580710) |
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Date: March 30th, 2015 5:26 AM Author: Canary incel Really no reason HYPS couldn't just make it free for families under $200k or whatever. I'm sure they just worry about creep though. (http://www.autoadmit.com/thread.php?thread_id=2841450&forum_id=2#27580729) |
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Date: March 30th, 2015 4:55 AM Author: Stimulating Blue Headpube Internal Respiration I'm not sure that's much to complain about.
What's room and board at regular shitty state school? |