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Without getting too specific, a family farm like ours is definitely not worth $2mil, and outright selling it wouldn't cover me + siblings going to Stanford. But
by egillie 12y ago
Without getting too specific, a family farm like ours is definitely not worth $2mil, and outright selling it wouldn't cover me + siblings going to Stanford. But the key is that it's enough to borrow against -- Stanford just wants you to be physically able to pay, even if that means exorbitant loans, and they'll generally offer you enough grants to get you to the point where loans can cover the rest.
Even this 125k threshold assumes a 5k student contribution and doesn't cover the mandatory 15k in room + board for incoming freshmen. It's great PR, though, and still, props to them.