Financial aid

Colleges & Universities Stanford University
1

<p>I am a noob when it comes to this college admissions/ financial aid business.</p>

<p>So…let’s say miraculously I get into Stanford this December (Early Action) but I get like $7,000. I don’t go cause it’s too much. I get ****ed.</p>

<p>Do you think this will happen? How much money does the average applicant get if he/she requests for financial aid?</p>

2

<p>Stanford guarantees to meet 100% of your demonstrated financial need; if you don’t demonstrate it well enough, they can’t meet it. This is why the CSS profile is important.</p>

<p>Here’s some finaid info:</p>

<pre><code>* Full-time freshman enrollment: 1,648

  • Number who applied for need-based aid: 963

  • Number who were judged to have need: 702

  • Number who were offered aid: 694

  • Number who had full need met: 534

  • Average percent of need met: 100%

  • Average financial aid package: $30,088

  • Average need-based loan: $1,950

  • Average need-based scholarship or grant award: $26,639

  • Average non-need based aid: $3,039

  • Average indebtedness at graduation: $15,758
    </code></pre>

<p><a href=“http://apps.collegeboard.com/search/CollegeDetail.jsp?collegeId=3387&profileId=2[/url]”>http://apps.collegeboard.com/search/CollegeDetail.jsp?collegeId=3387&profileId=2&lt;/a&gt;&lt;/p&gt;

<p>You can also look at detailed finaid info in Stanford’s common data set:</p>

<p><a href=“http://www.stanford.edu/home/statistics/#financial[/url]”>http://www.stanford.edu/home/statistics/#financial&lt;/a&gt;&lt;/p&gt;

<p>Hope that helps.</p>

3

<p>Wow, so the average applicant got 26,639$/year in free money basically right? Grant = don’t pay back. That’s pretty good…</p>

4

<p>Thanks a lot for the posts.</p>

5

<p>I think those numbers are somewhat, fishy. How can they say that they offer 100% of need when their numbers say that 534 were offered full need, yet 694 received aid. That seems to me that some were offered aid, but not the full amount. Or am I reading that wrong?</p>