4 ms·
"This further increases the ability of Stanford to keep its student body composed of financial elites--while touting its "generous" financial aid policy." This
by natrius 14y ago
"This further increases the ability of Stanford to keep its student body composed of financial elites--while touting its "generous" financial aid policy."
This just isn't true. The student body has a diverse range of incomes, and the financial aid policy is indeed generous sans quotes. The aid packages of Stanford and its peers made them cheaper than in-state tuition minus financial aid at the University of Texas for me.
There is considerably moral hazard in allowing students to omit the financial information of estranged parents. People would "disown" their children to get free tuition.
- Crake 14y agoThere are also considerable ethical issues in assuming that people with estranged parents are somehow undeserving of a college education. If you have no family support, you need college more, not less. Of course, places like Stanford are far more concerned with turning a profit than enrolling poor people. You'll note that the median family income of a Stanford student is $125,000, which is more than double the median family income in the US as a whole. Maybe that's not a lot to you, but it's almost inconceivable to someone who was raised, say, in a family making 12-20K/year. (You complain that people would disown their children to get free tuition, but forget the fact that before it became profit oriented, Stanford used to have free tuition for everyone--no disowning required.)