Stanfords PR about financial Aid

2boysima
Sat, 26 Apr 2008 16:37:46 +0000

Line 37 of the 1040 is adjusted gross income.

Expenditure details are not used to validate income. They just show expenses. Unfortunately, there are many whose expenses…sometimes valid basic living expenses, and sometimes extravagant lifestyles…are above their income. And…there are some who budget well, have very high incomes, or deprive themselves of basic needs…and their expenses may be significantly less than their income.

Most schools using the institutional method review gross wages and gross income…and make further adjustments. They also look at certain expenses and validate for “reasonableness” given number of family members, where a family lives etc.

It is certainly possible that mistakes were made in calculating your FA. It is also possible that Stanford looks at certain assets and income differently than MIT and Princeton.

There seem to be many students and families…including some on this site…who have benefitted from the new program at Stanford. It is very unfortunate that it does not appear to be the case for you and your family.