4 ms·
I fundamentally disagree with this, and its implementation seems to be a significant attack on dual income, middle class families who are doing well for themsel
by borgia 12y ago
I fundamentally disagree with this, and its implementation seems to be a significant attack on dual income, middle class families who are doing well for themselves.
This doesn't hit the rich, it hits the middle earner and it hits them extremely hard. It's frankly pathetic but I suppose what can you expect in an era of hard pressed populist socialism.
- philwelch 12y agoStatistically, $125,000 is not a middle income household income in the United States.
- kansface 12y agoCalifornia, particularly the Bay Area, is quite different. 125K for a family is squarely middle class.
- harryh 12y agoMedian household income for SF is 72,947. For San Mateo it's 87,633. For Santa Clara it's 89,064. http://en.wikipedia.org/wiki/California_locations_by_income http://en.wikipedia.org/wiki/California_locations_by_income
- ericd 12y agoI would just keep in mind that the difference in housing cost between newcomers and those who have lived here for a long time can be very significant because of prop 13, rent control, and a local housing market that has inflated rapidly over the past 30 years.
- twoodfin 12y agoI bet if you limited the range to households with college-age children, the median would be much higher. Those are peak earnings years for most people.
- cozzyd 12y agoFrankly, if you're from the bay area, you have a cost-savings option (living at home) unavailable to anyone else at Stanford.
- Domenic_S 12y agoToo bad you're being downvoted. Ed Lee (in)famously said the SF middle class was $80,000 to $150,000.
- chipgap98 12y agoThey are still giving partial financial aid for people making more that $125k. This is helping a lot of the people who would never have a shot at affording Stanford. Is it perfect? No, but it is a step in the right direction.
- andrepd 12y agoWhy so? Why does it hit the middle earner? The fact that families with incomes under 125k pay no tuition doesn't mean that families in a higher income bracket get hindred. In fact, "Families with incomes at higher levels, typically up to $225,000, may also qualify for financial assistance, especially if more than one family member is enrolled in college. Financial aid offers vary by family, but the financial aid expansion for 2015-16 will allow Stanford to reduce the expected parental contribution for many families at these higher income levels."