drummer4now Posted April 3, 2015 Share Posted April 3, 2015 Students whose parents earn less than $125,000 a year get a free ride Stanford University will offer a free ride to any student whose parents make less than $125,000 a year, University officials recently announcedin an expansion of its financial aid program for the coming school year. “Our highest priority is that Stanford remain affordable and accessible to the most talented students, regardless of their financial circumstances,”Stanford provost John Etchemendy said. The simple rule-of-thumb was revised from the previous year’s benchmark, $100,000 in family income. Eligible students are expected to contribute $5,000 to tuition using part-time wages, though they will not have to borrow money to meet that goal. Without financial aid, Stanford students pay upwards of $65,000 a year in tuition. http://time.com/3769491/stanford-financial-aid-tuition/ Interesting... I wonder if any major Canadian University will ever be able to do so this in the future? Only way possible seems to raise the enrollment and tuition fees for international students. Link to comment Share on other sites More sharing options...
Offensive Threat Posted April 3, 2015 Share Posted April 3, 2015 http://time.com/3769491/stanford-financial-aid-tuition/ Interesting... I wonder if any major Canadian University will ever be able to do so this in the future? Only way possible seems to raise the enrollment and tuition fees for international students. Stanford has over $21 billion dollars in endowments. 21 BILLION. So yeah, they can afford to cut a lot of students a lot of slack in tuition. Canadian Universities, not so much. Link to comment Share on other sites More sharing options...
GLASSJAW Posted April 3, 2015 Share Posted April 3, 2015 Stanford has over $21 billion dollars in endowments. 21 BILLION. So yeah, they can afford to cut a lot of students a lot of slack in tuition. Canadian Universities, not so much. our mid-top tier schools with the .5 - 1.5 billion endowments could probably easily afford to cut tuition for 2,000 people, since the average degree here probably costs less than one semester at stanford. but maybe not, since presidents, vice presidents, and the greedy brass in the university system keep raising their salaries and their fees and increasing tuition, it's hard to imagine anyone being given a break Link to comment Share on other sites More sharing options...
Hobble Posted April 3, 2015 Share Posted April 3, 2015 Should just go to free tuition like Scandanavian countries, for degrees that are essential for the economy. Link to comment Share on other sites More sharing options...
GLASSJAW Posted April 3, 2015 Share Posted April 3, 2015 Should just go to free tuition like Scandanavian countries, for degrees that are essential for the economy. it's really not that simple. there's a sky-high cost of living in those places, and the taxes are insane. yes, the result is free education, but it balances out with the cost of living. the average student there will graduate with 20,000 (USD) in debt, and only 15% graduate without any debt at all (according to The Atlantic). think Canadians would be willing to re-structure itself entirely to make this stuff sustainable? no way i, personally, refuse to believe the University system should be dismantled completely and re-built by as a conveyor belt started and stopped by government desire. but it looks like that's what is happening lately Link to comment Share on other sites More sharing options...
Offensive Threat Posted April 4, 2015 Share Posted April 4, 2015 . but maybe not, since presidents, vice presidents, and the greedy brass in the university system keep raising their salaries and their fees and increasing tuition, it's hard to imagine anyone being given a break You got that right. I saw UBCs asset management and endowment report for 2014 and even before UBC brass get involved the guys running their fund siphon off a ridiculous amount. The $1.5 billion dollar endowment is run by IMANT, The UBC Investment Management Trust. They actually list their strategy as "a manager of managers approach" Which means in essence they have layers of executives and board directors up the wazoo. Almost all of these endowment funds that get used by the University every year goes to "infrastructure" or more accurately "pretty new buildings." None of it goes to help lower tuition. Link to comment Share on other sites More sharing options...
McBackup Posted April 4, 2015 Share Posted April 4, 2015 Still, this is a good thing. I'm sure there are lots of kids out there smart enough to get into schools like Stanford but can't act on it due to being poor. U.S. School is insane expensive though. It puts Canadian prices in perspective. I've been sweating looking at the costs for UBC and SFU, then I saw just how much US school costs and suddenly it doesn't look so bad. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.