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View Full Version : Stanford eliminates tuition for some students



Shy
02-20-2008, 09:56 PM
PALO ALTO, Calif. (AP) -- Attending Stanford University next year will be a lot more affordable for some undergraduate students.
The university said Wednesday it plans to eliminate tuition for students with annual family incomes totaling less than $100,000. It also will pay most room and board for students with families making less than $60,000.
Financial aid director Karen Cooper says the move comes as middle-income parents express concern about paying for a Stanford education.
Stanford tuition is expected to rise to $36,000 in the fall. Room and board will cost about $11,000. About a third of the university's 6,700 undergraduates are expected to qualify for the tuition break.

CNN

Shy

vasan
02-21-2008, 08:43 PM
Not bad.. :b: :b:

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Bluelotus
02-21-2008, 08:49 PM
but why go for such a high bracket as £100 000; they could just stick to low income families £20 000...and how can they afford this? aren't these universities privately funded or do they receive gov subsidies to be able to afford free students?

vasan
02-21-2008, 08:53 PM
Single families with 100K dollars is not much, Blue. 20K is so poor, most can't afford even community college education.

Stanford is a private school - but the private funds are meant for general development etc not for student tuition. Some weird thing - but no student gets free education in any school (no student except those recieving some fellowships or scholarships.. but thats less than 1%)..

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Bluelotus
02-21-2008, 09:00 PM
100 000 is not much? k....

vasan
02-21-2008, 09:05 PM
You earn 100K, you get in hand about 64 K..

Say a family of 4 (your medical insurance and car insurance, house mortgage payments.. and 401K and etc gone..) you are left with something like 25 K. How are they going to pay 36 K tuition a year? If the second child goes to school you are spending close to 12 K on school education.. on top of it..

Even if the school costs close to 25 K (most state schools, like UC system would cost that much), people cannot afford (because you will have to pinch pennies).. any increase in mortgage or insurance or any odd thing at all could kill you..

What most people do is to apply for student loans.. Govt guarenteed.. and somewhat low rates.. Students can pay it after they graduate and find a job..

Education is seriously expensive in USA..

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Bluelotus
02-21-2008, 09:09 PM
alright alright I get it...
geez, why do ppl go on abt the american dream so much... you have to buy your own health insurance, and no state pemsions... and even earning 100K isn't enough :Ksp:

vasan
02-21-2008, 09:12 PM
That is in california, honey.. :)

You can live in..rrr.. iowa with 50K, like a king.. :wink: :)

American dream is not because the place is expensive. Because with a bit of hardwork - all of us can earn 100K.. Consider the number of immigrant millionaires in California, one of the fastest growing communities..

Be an immigrant in India.. you will never make that money.. :ee: Not easy.. not that many.. :b:

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Shy
02-21-2008, 09:12 PM
alright alright I get it...
geez, why do ppl go on abt the american dream so much... you have to buy your own health insurance, and no state pemsions... and even earning 100K isn't enough :Ksp:\


why u dont need to buy such in ur place or what?

is urs pound or euro?

Shy

vasan
02-21-2008, 09:15 PM
UK has state sponsored health care, teacher.. :b: No need to spend money on health insurance.

just like canada..

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Shy
02-21-2008, 09:17 PM
UK has state sponsored health care, teacher.. :b: No need to spend money on health insurance.

just like canada..

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:eek::eek::eek: really.. so its all free??? no surandals from ur paycheck whatsoever? u can walkin anytime to a doc for freeeeeeeeeeeeeeeeeeeee

WOWWWWWWWWWWWWW

pattams/sweetlotus.. unga oorla enakku oru velai paarunga.. vanthuduren...

Shy

Bluelotus
02-21-2008, 09:19 PM
we are digressing....but






why u dont need to buy such in ur place or what?

is urs pound or euro?

Shy

It's the sterling pound. And I believe that it's highly unlikely that Great Britain would join the Euro Zone within the next 5 years. It has the best of both worlds, a common market and it's own sovereign currency.
The National Health Service NHS believes in free health care to all.. (with a few tweaks )
And till 5 years ago, most ppl didn't have private pensions, only recently are we encouraged in investing in those.
And till 10 years ago university education was free for all...and now the maximum fee is only £3500 per year for home students due to gov subsidies, and thankfully universities are allowed to charge an arm and a leg to international students. :)

Bluelotus
02-21-2008, 09:20 PM
:eek::eek::eek: really.. so its all free??? no surandals from ur paycheck whatsoever? u can walkin anytime to a doc for freeeeeeeeeeeeeeeeeeeee

WOWWWWWWWWWWWWW

pattams/sweetlotus.. unga oorla enakku oru velai paarunga.. vanthuduren...

Shy

but we must be charged higher taxes than in USA :think:

tinker
02-21-2008, 09:21 PM
pattams/sweetlotus.. unga oorla enakku oru velai paarunga.. vanthuduren...

Shy


ippo panra maadhiri velaye ella oorlayum kidaikkadhu ...

Shy
02-21-2008, 09:28 PM
but we must be charged higher taxes than in USA :think:

NY/NJ tax oodaiyaa :cry: :cry: :cry: :cry:


ippo panra maadhiri velaye ella oorlayum kidaikkadhu ...

:wawa::wawa::wawa::wawa::wawa:

Shy

vasan
02-21-2008, 09:32 PM
but we must be charged higher taxes than in USA :think:

Yeah.. quite a bit higher.. :b:

Education funding, in particular follows a weird format (both because of federalism) as well as various other things..

If you go to a state sponsored school in your own state, you will pay the lowest amount of tuition. Between the state schools there is a variation that largely depends on how much the competition and other things go (but if the kid is really good academically nearly every school will make efforts to help them out)..

Stanford on the other hand is a private school.. and it costs money.. :)

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vasan
02-21-2008, 09:33 PM
NY/NJ tax oodaiyaa :cry: :cry: :cry: :cry:

How much is the state tax in NJ? Can't be that high..

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Shy
02-21-2008, 09:44 PM
How much is the state tax in NJ? Can't be that high..

v-

6-7 I guess...

but the pain for most Njians is that working in NY and residence in NJ.. so it would have been great if NJ is a no-state-tax place :sm11: rendukum azhanumnu kadiyaa irukku

Shy

vasan
02-21-2008, 09:51 PM
Yeah.. I suppose..

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madhu_aish1
09-20-2009, 10:00 AM
bump to this thread since it has become a relevant discussion in current political state the ever lasting fight between universal healthcare and capitalist healthcare

Bluelotus
09-27-2009, 06:29 PM
Having always been a passionate supporter of a national health service which treats everyone in exactly the same manner be they rich or poor, I now am thinking perhaps we should have a tier system
one for irritating time wasters and another for the truly sick!!

but I think you should start a whole new topic and not just bump an old one from the education section :ahha: