Tuition matching (stanford, etc?)

[g3pro]

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I vaguely recall that there is a tuition at some schools where if you pay a certain amount in tuition, they'll pay the rest, depending on how much your family makes. Am I just going crazy? I heard that at Stanford if you pay $20,000 in tuition, it's matched by Stanford.

 

[oniwindu]

I vaguely recall that there is a tuition at some schools where if you pay a certain amount in tuition, they'll pay the rest, depending on how much your family makes. Am I just going crazy? I heard that at Stanford if you pay $20,000 in tuition, it's matched by Stanford.

I vaguely remember that from the interview. I think it's that "Family Matching program" where if your family/you can pay some X amount up front, then Stanford would match that. BUT I thought the matching was done through wages from being a TA to the undergrad or a tutor to you fellow med students. I might be getting this all completely messed up (my interview was Dec 2004 and I got waitlisted afterwards anyway, so I didn't find the info relevant). I would just call the FA dude and ask him. I thought Stanford also had a comprehensive FA website with powerpoints of all this.

 

[Haybrant]

I vaguely recall that there is a tuition at some schools where if you pay a certain amount in tuition, they'll pay the rest, depending on how much your family makes. Am I just going crazy? I heard that at Stanford if you pay $20,000 in tuition, it's matched by Stanford.

well you do have to qualify for it, but unless you are very rich you will qualify for the match program. As long as you show b.t $1 and 20,000 of need they do this match. $20,000 (really, 5,000/quarter) is quite a bit to ask of a parent but if you have $ saved up over the years this is quite a good fin aid program. Check out the site for more details.

edit: this is 20,000 in grants; not through working or anything; if you work as a ta/ra they pay you generously in the amount of 55/hr; i think 2/3 your salary goes to tuition and is untaxed, the other is taxed and you pocket it.

 

[g3pro]

This is pretty complicated, so let me see if I have this right:

If you demonstrate a need, which is tuition minus what you are able to pay (which could be $0, right?), then if your parents contribute $20,000, Stanford will match that with another $20,000. Besides that, there are research and teaching assistanceships for living expenses.

Interestring...

 

[boardchic]

Ok, granted I don't know anything about this... but that doesn't make any sense. Basically, the more your family can afford to pay, the more Stanford gives you? So if your family can pay $50, Stanford will give you $50, and if your family can pay $20,000, Stanford will give you $20,000. Seems slightly unfair...

 

[g3pro]

Ok, granted I don't know anything about this... but that doesn't make any sense. Basically, the more your family can afford to pay, the more Stanford gives you? So if your family can pay $50, Stanford will give you $50, and if your family can pay $20,000, Stanford will give you $20,000. Seems slightly unfair...

I think that if you family is unable to pay what it needs to pay, then you will have to take out loans. I don't think it makes sense if your parents pay $5,000 and then Stanford matches you $35,000. Stanford wants to make it easier for people to go to school, but that doesn't mean half-scholarships to all students.