Question: If the top candidates for Standford freshman come exclusively from the ranks of lower-earning households, will the Richy Rich applicant be automatically denied a slot?
will the Richy Rich applicant be automatically denied a slot?
I don't know but my gut instinct says 'no.'
Stanford is much more generous toward middle-class and upper-middle-class students than the federal government is. Most students who get subsidized loans and federal Pell Grants come from families making less than $60,000 per year. But it also enrolls an outsize proportion of wealthy students. In 2010, the university's director of financial aid said the median family income at Stanford was around $125,000.
On the other hand, only 14 percent of entering freshmen got federal Pell Grants in 2012, which typically go to students from families making less than $50,000 per year. Nationally, 41 percent of undergrads received Pell Grants.
Eh... doesn't really affect me. Though I feel oddly resentful about this. If it becomes a trend, then college grads might own homes, etc., before older college grads who still have to deal with student loan debt.
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If not, I call Bullshit on Stanford.
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I don't know but my gut instinct says 'no.'
Stanford is much more generous toward middle-class and upper-middle-class students than the federal government is. Most students who get subsidized loans and federal Pell Grants come from families making less than $60,000 per year. But it also enrolls an outsize proportion of wealthy students. In 2010, the university's director of financial aid said the median family income at Stanford was around $125,000.
On the other hand, only 14 percent of entering freshmen got federal Pell Grants in 2012, which typically go to students from families making less than $50,000 per year. Nationally, 41 percent of undergrads received Pell Grants.
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