Stanford University's Financial Aid Page / Amazing.Can you getting a Stanford education for less than you are paying to go to the University of Wyoming?
"Stanford is dedicating an additional $20.7 million to need-based scholarships for undergraduates in academic year 2008-2009. "
By doing this, those with academic/talent merit are able to over-look their hesitations about the cost of getting the education "they worked for."
Some of its highlights include:
1. Zero parent contribution expected for those from families who earn less than $60,000 but students aren't home free, Stanford expects them to donate a part of their summer and part-time wages towards their education. A more than fair price for students whose parents may be "regular-" or well-off but who have to pay for school themselves.
2. Tuition waived for students whose parents make less thatn $100,000.
"Stanford will ensure that all tuition charges are covered with need-based scholarship, federal and state grants, and/or outside scholarship funds."
Tuition, which ranges around $30,000 per year, will be waived, and the only cost the student is expected to pay is the $11,000 room and board costs!
3. Students are not expected to take out loans to pay for college.
Stanford offers students work-studies (jobs on campus) for about $2500 a year. But unlike other schools, the average wage of workers is about $11 an hours meaning they will only have to work 7.5 hours a week! Students are expected to contribute $2,000 from summer earnings. Again, very reasonable.
Colleges which receive heavy endowments from the government (Stanford's is $17 billion) or high donations are able to make this amazing opportunity for students a reality. Stanford is following in the same footsteps of Princeton and Yale who are also able to give students an affordable ivy league education.
This concept shows the best way to determine admissions: MERIT. No matter what, if you show enough talent, enthusiasm, and ability to get into theses school you deserve to go there, no matter what. You aren't cast aside because of race and you aren't discouraged because of your income.
Article About Stanford from the International Herald Tribune.
6 comments:
Wow ... that is really cool.
Also, what if colleges put further contingencies on such programs (apart from consigning a portion of summer pay)? This could include proving a commitment to "going green," community service involvement, etc.
What do you think about that?
I think there are a ton of possibilities. Right now I think working on campus seems the most appropriate, because they should still be worried about their grades and education...
Not that those are bad ideas, but since the school is giving them the money, it makes the most sense that they should be working for the school. But if the school CAN afford it (I have no idea what true costs of a school is like) then that would be an interesting step.
That's like joining the peace corps. You help people and we'll pay for you education.
Ooh, that brings me to an interesting question for you, Jacklynn:
Does the GI Bill skew the number of young men joining the military towards the poorer classes? If you can't afford college, and perhaps aren't with enough merit to get huge scholarships, the military seems like a great option.
Is this right?
I would agree with you. Though I think the majority of those who enter the military are those who have less interest in academics in the first place...not to stereotype, but I am.
I think it is possible to get a fairly cheap education if you're smart enough, like a full ride to metro even.
Whether its skewed towards the lower classes though. Most likely. It's their audience their advertising to, in a sense. I don't feel that many rich people are interested in joining the army and or that they care whether their education is paid for.
I know there was once negative comments made by one of the president-nominee about how "dumb" students join the military and he was severely criticized. But I agree that it's not exactly the brightest bulbs entering the military....
I'll let your post now.
There is a large gap, though, between full ride or other high scholarship-winners and the average college student. What about the average Joe - your future Joe the Plumber (haha)? If he wants to go to college and can't afford it, the military provides an easy way to make that happen.
And not the brightest bulbs in the military? Why that's offensive. Most of our presidents have military backgrounds (okay, perhaps that's not the best example). I would say it might be skewed, but to categorically stereotype our mmen and women in arms as "stupid" just seems ... well, stupid. I'm sorry, that is not a very nice (nor true) thing to say.
I agree that the army makes it easy for them. And so it makes sense that they should market to them.
Maybe I'm wrong, but how many people in the top of your class decided to go into the military?
You're smart and you said you couldn't afford Boston University, why not do a stint in the army and then go to college?
I know not everyone in the military is "dumb" (and I wouldn't use such a harsh word), in fact I know kid in the the grade under me that was a 4.0 student who joined the airforce academy. But not any "smart" kids who went straight to boot camp. On the other hand, I do know some average students who decided to go into the military.
But I would argue that military academies are different than those who just go into service, so even there....you know.
Though I will add a disclaimer: I am only working of my limited experience and not research, etc.
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