The high cost of college education

[telemann.livejournal.com]

Meanwhile in California, Stanford does something to change the game:



More about this at Vox.

Comments

[nutmeg-44.livejournal.com]

Sounds like April fools joke

[immemor.livejournal.com]

But it's dated April 2nd. So maybe there's hope.

[peristaltor.livejournal.com]

Question: If the top candidates for Standford freshman come exclusively from the ranks of lower-earning households, will the Richy Rich applicant be automatically denied a slot?

If not, I call Bullshit on Stanford.

[telemann.livejournal.com]

will the Richy Rich applicant be automatically denied a slot?

I don't know but my gut instinct says 'no.'

Stanford is much more generous toward middle-class and upper-middle-class students than the federal government is. Most students who get subsidized loans and federal Pell Grants come from families making less than $60,000 per year. But it also enrolls an outsize proportion of wealthy students. In 2010, the university's director of financial aid said the median family income at Stanford was around $125,000.

On the other hand, only 14 percent of entering freshmen got federal Pell Grants in 2012, which typically go to students from families making less than $50,000 per year. Nationally, 41 percent of undergrads received Pell Grants.

[vodkabeforenoon.livejournal.com]

I made $2000 during my summer job working as a camp DIRECTOR. So where do I get that additional $3000? Where do I have money to eat and live?

I still don't care what the are supposedly covering. The amount of crap students go through should be deducted from our bill.

[telemann.livejournal.com]

They're not covering every expense. But I think it's quite a remarkable thing that's being done, even if you don't.

[musicpsych.livejournal.com]

Eh... doesn't really affect me. Though I feel oddly resentful about this. If it becomes a trend, then college grads might own homes, etc., before older college grads who still have to deal with student loan debt.