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At Stanford, it's a policy that if your family makes less than $100,000/yr, they waive tuition. At Harvard and some other Ivies, they do it at $60,000/yr.
by muzz 14y ago
At Stanford, it's a policy that if your family makes less than $100,000/yr, they waive tuition. At Harvard and some other Ivies, they do it at $60,000/yr.
- mjmahone17 14y agoAt Brown, that is the case as well (at 60k/yr). And yet, there are federal and school policies in place to prevent students from paying less than their fair share. I know students whose families earn about 25-30k/yr, who have siblings, and are still expected to pay ~15k/yr. My family's Expected Family Contribution last year was something like 20k (which is more than they were able to pay, so I still had to go into debt). However, due to the fact that I earned about 10k at an internship the previous summer, despite my parent's income remaining constant, our EFC increased to 28k. And, due to my unusually high income, I was eligible for about 4k less in subsidized federal loans (which I've had to max out). Meaning I've had to rely on private loans to make up the difference this year. While I'm forever grateful for the aid I have received, there are still waaay too many cracks students can fall through.
- Crake 14y agoYup, gotta love being punished for working hard. :/ It also especially sucks when you have a high EFC and your parents are only willing to contribute, uh, $0.
- Crake 14y agoUnfortunately, a policy that is rarely actually followed. It's amazing how private colleges will bend over backwards to find you have an EFC that requires them to provide little to no financial assistance.