2019-2020 Stanford

Started by PapaGuava
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walter_heisenberg said:
Exactly. But by using post tax income, you are in effect, paying taxes on that money, just not right away.
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But aren't you paying taxes on earned income either way, whether or not you use it to pay off loans?? All you're saying is that EVERYTHING you spend earned income on costs more than the listed price because you first have to pay taxes on the income, with limited exceptions for things like mortgage interest, some student loan interest and business expenses that the IRS allows as deductions. Paying back loan principal (and the non-deductible portion of interest) is no more expensive than anything else you do with your money! 🙂
 
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NCIguy62 said:
Gotcha! I was worried they were taxed when you received them AND you're paying them off with post-tax income. That would be tragic. Thank you so much for clarifying.
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P.S. -- everyone should check, but I am pretty sure that any scholarship money that isn't used for tuition, fees, required equipment and books, etc. (i.e., living expenses, housing, etc.) IS taxed as income. Just an FYI!
 
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KnightDoc said:
P.S. -- everyone should check, but I am pretty sure that any scholarship money that isn't used for tuition, fees, required equipment and books, etc. (i.e., living expenses, housing, etc.) IS taxed as income. Just an FYI!
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Yes - that is what the article I linked said as well. Make sure you stay on top of your finances folks!

In other news, anyone got those sweet sweet lottery numbers?
 
Lucca said:
My parents aren’t paying for my schooling, but I also know that if anything happened to me like my car needed repairing, I got into an accident, or whatever they could have my back in a pinch. They are a safety net for me. There are people here who save their stipend aggressively because *they* are the safety net for their family. The option they may have been presented with without Stanford’s aid would not have been “go into debt for Stanford and compromise about ways to service it in the long run” or “choose a more generous offer”. It simply wouldn’t have been an option at all. That’s what I mean when I say “keep things in perspective”.
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This is a very good point Lucca, and you are right. I am very fortunate to be in a position where 1) I have the chance to attend Stanford for my MD (something truly beyond my wildest dreams!) AND 2) if something went horribly wrong my parents could be my safety net - I don't need to be their safety net, as you explained. It is true, for a student who is their family's primary source of support, they might have to use their stipend to help their family right now in an extreme case, or the prospect of med school loans might truly be inhibitory to their dream of going into medicine - because if something goes wrong for THEM, they'd be straddled with hundreds of thousands in debt and no prospect of family support to help them. Fortunately for me, that is likely not the case, so I am very thankful for that. I just wish that the middle class was helped out a wee bit more, but your perspective is very appreciated - my aid offer, while disappointing, won't keep me from going to Stanford. But for others, a low aid package would.
 
Does anyone know how the waitlist works? ie, should we send letters of interest/intent? there is not anywhere on the portal to upload such a doc and the waitlist email does not mention it.
 
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Would anyone have an idea on how many waitlists were sent out?

I haven't heard anything after interviewing in the Fall. Is it better to have received some update on your status or none at all and still hope for a possible A...?
 
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MD-only here, still haven't gotten anything. One can hope, but given this update and the fact that Stanford cancelled many other admit weekends, it's not looking great. Was really looking forward to the event and meeting y'all. Would have been so fun!
 
Wednesday Elephant said:
Do we think they're gonna wait till Friday for the Feb interviewees?
My nerves are absolutely fried
Guesses and predictions are welcome
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According to AAMC traffic rules: "By March 15 of the matriculation year, issue a number of acceptance offers at least equal to the expected number of students in its first-year entering class and report those acceptance actions to AMCAS." But based on the # of people in the FB pg, looks like Stanford has already given at least 90 acceptances so the next wave might not even be this week..... If any brave soul wants to contact admissions to ask about decision timeline for Feb interviewees and report back to us, you will be forever enshrined as a hero in this storied thread.
 
langwang3 said:
According to AAMC traffic rules: "By March 15 of the matriculation year, issue a number of acceptance offers at least equal to the expected number of students in its first-year entering class and report those acceptance actions to AMCAS." But based on the # of people in the FB pg, looks like Stanford has already given at least 90 acceptances so the next wave might not even be this week..... If any brave soul wants to contact admissions to ask about decision timeline for Feb interviewees and report back to us, you will be forever enshrined as a hero in this storied thread.
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Interesting, I wonder how many acceptances are to be given out considering Stanford is likely very affordable for many accepted students and they already accepted their class size.
 
langwang3 said:
According to AAMC traffic rules: "By March 15 of the matriculation year, issue a number of acceptance offers at least equal to the expected number of students in its first-year entering class and report those acceptance actions to AMCAS." But based on the # of people in the FB pg, looks like Stanford has already given at least 90 acceptances so the next wave might not even be this week..... If any brave soul wants to contact admissions to ask about decision timeline for Feb interviewees and report back to us, you will be forever enshrined as a hero in this storied thread.
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I hope Stanford hasn't accepted the class size yet. I haven't heard of any fellow February interviewees being accepted on SDN, Reddit, or IRL. While it is possible that some February interviewees heard back already and that Stanford has accepted their class size, basing this off the Facebook group isn't the most accurate way to support this claim. Just because the group has a few more members than the class size doesn't mean every member is someone admitted this cycle. For example another school's Facebook group I joined already had close to 50 members before they started letting accepted students join. I wouldn't count yourself out yet, there is still time until the 15th!
 
SagaciousSequoia said:
I hope Stanford hasn't accepted the class size yet. I haven't heard of any fellow February interviewees being accepted on SDN, Reddit, or IRL. While it is possible that some February interviewees heard back already and that Stanford has accepted their class size, basing this off the Facebook group isn't the most accurate way to support this claim. Just because the group has a few more members than the class size doesn't mean every member is someone admitted this cycle. For example another school's Facebook group I joined already had close to 50 members before they started letting accepted students join. I wouldn't count yourself out yet, there is still time until the 15th!
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True, there will definitely be another acceptance wave for the feb interviews. I was just saying that it might not be this week because I think they may have already given 90 acceptances. In previous years, the number of members in the fb group was approximately equal to the number of applicants Stanford accepts. Sure, there will be some current students in the fb group, but also some accepted applicants won’t have fb accounts or wont join the group, so historically the number of members in the FB group had been a decent approximation for the number of accepted applicants.
 
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langwang3 said:
True, there will definitely be another acceptance wave for the feb interviews. I was just saying that it might not be this week because I think they may have already given 90 acceptances. In previous years, the number of members in the fb group was approximately equal to the number of applicants Stanford accepts. Sure, there will be some current students in the fb group, but also some accepted applicants won’t have fb accounts or wont join the group, so historically the number of members in the FB group had been a decent approximation for the number of accepted applicants.
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I never thought of that. Good points!
 
langwang3 said:
According to AAMC traffic rules: "By March 15 of the matriculation year, issue a number of acceptance offers at least equal to the expected number of students in its first-year entering class and report those acceptance actions to AMCAS." But based on the # of people in the FB pg, looks like Stanford has already given at least 90 acceptances so the next wave might not even be this week..... If any brave soul wants to contact admissions to ask about decision timeline for Feb interviewees and report back to us, you will be forever enshrined as a hero in this storied thread.
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Who wants to be forever enshrined a hero 🙂
 
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