5 ms·

If they're attending Stanford, they've not spent 50-100k on their education. The school's endowment is sufficiently large that significant financial aid is gran

If they're attending Stanford, they've not spent 50-100k on their education. The school's endowment is sufficiently large that significant financial aid is granted even to individuals from (relatively) wealthy families. I have friends for whom UConn in-state tuition was more than attending Stanford, even when accounting for Cost of Living and frequent flights to and from California.

warmwaffles 13y ago
They still have to pay back those loans. There is no way I would be able to get financial aid to go to stanford without paying loans.
modfodder 13y ago
Just remember that financial aid includes loans. So while a university may boast that the average student receives enough financial aid to cover the full cost of their education, that could still mean they are tens of thousands, if not hundreds of thousands of dollars in debt. (And I say this without any knowledge of Stanford's ratio of grants and scholarships to loans).
- tedunangst 13y ago
  (And I say this without any knowledge of Stanford's ratio of grants and scholarships to loans). oh, well, don't let that stop you from chiming in!
  - modfodder 13y ago
    Why would I let my ignorance keep me from forming an inaccurate opinion, that would be un-American (hell, it was hard enough just to put that acknowledgement in there admitting my ignorance...I felt dirty).
- argonaut 13y ago
  I think you and nick are using different interpretations of the term "financial aid." If you replaced what nick said with "financial aid grants," it would hold equally true.
  - modfodder 13y ago
    That's what has always annoyed me by the term financial aid. For the student or parent, they hear it and think "free money". Whereas once you start talking to the schools it ends up meaning a bit of free money and tons of loans. I'm years beyond university, but I do wish they would separate the two into financial aid and educational loans. It would give students and a parents a more accurate expectation of cost.
- scarmig 13y ago
  Stanford '06, dirt poor family, received enough financial aid to cover the full cost of my education, grand total of debt at the end: $8k. I don't know anyone Stanford undergrad who ended up with even close to $100k in debt. Maybe my circles are limited, however.
strathmeyer 13y ago
Not every young adult understand the signs that they are already entering into a corrupt business practice.
MetaCosm 13y ago
Because debt that can't be discharged doesn't count!

warmwaffles 13y ago

They still have to pay back those loans. There is no way I would be able to get financial aid to go to stanford without paying loans.

modfodder 13y ago

Just remember that financial aid includes loans. So while a university may boast that the average student receives enough financial aid to cover the full cost of their education, that could still mean they are tens of thousands, if not hundreds of thousands of dollars in debt. (And I say this without any knowledge of Stanford's ratio of grants and scholarships to loans).

tedunangst 13y ago
(And I say this without any knowledge of Stanford's ratio of grants and scholarships to loans). oh, well, don't let that stop you from chiming in!
- modfodder 13y ago
  Why would I let my ignorance keep me from forming an inaccurate opinion, that would be un-American (hell, it was hard enough just to put that acknowledgement in there admitting my ignorance...I felt dirty).
argonaut 13y ago
I think you and nick are using different interpretations of the term "financial aid." If you replaced what nick said with "financial aid grants," it would hold equally true.
- modfodder 13y ago
  That's what has always annoyed me by the term financial aid. For the student or parent, they hear it and think "free money". Whereas once you start talking to the schools it ends up meaning a bit of free money and tons of loans. I'm years beyond university, but I do wish they would separate the two into financial aid and educational loans. It would give students and a parents a more accurate expectation of cost.
scarmig 13y ago
Stanford '06, dirt poor family, received enough financial aid to cover the full cost of my education, grand total of debt at the end: $8k. I don't know anyone Stanford undergrad who ended up with even close to $100k in debt. Maybe my circles are limited, however.

strathmeyer 13y ago

Not every young adult understand the signs that they are already entering into a corrupt business practice.

MetaCosm 13y ago

Because debt that can't be discharged doesn't count!