<p>I got accepted to both Stanford and Yale. Here's my situation.</p>
<p>If I go to Stanford, all I have to do is $2000 in work study each year, because I get the Cal Grant, in addition to all those Stanford grants.</p>
<p>I haven't received any financial aid letters from Yale yet, but I don't expect it to be quite as good as Stanford's, because Yale is obviously not in California, which mean I won't receive the Cal Grant. Would Yale be able to match Stanford's aid, or not, because the Cal Grant is from the state of California?</p>
<p>How much should I expect to take out in student loans if I choose to attend Yale? At Stanford, I won't have to take out any loans at all, only do the work study. </p>
<p>Even though Yale doesn't have any in-state grants for you, they do claim to meet 100% of your demonstrated need. All you can do for now is wait and see - no need to fret over making a decision just yet, ok?</p>
<p>Also, I may add that if your parents don't earn more than $60,000 a year, you should get a free ride to Yale. It's on <a href="http://www.yale.edu%5B/url%5D">www.yale.edu</a> , search around for it.</p>
<p>pagEL60: based on your previous posts, you will get a full ride at Yale, which means Yale will pay for all costs except the student contribution (i.e. work-study + summer earnings). Yale's financial aid packages do not include loans.</p>
<p>Yale is not giving me a free ride... do they look at assets? because our income is lower than 60,000 but we have assets (rental property)... basically my parent's retirement...</p>
<p>Yale expects me to pay 10,000 more than Princeton with 4000 in loans... is this normal?</p>
<p>There's an expected student contribution, which you can choose to pay for through loans if you wish, but you can also use outside scholarships, outside earnings, etc. That student contribution is probably the "loans" that namooangel refers to in his post.</p>
<p>I would say that it's too much to earn through work-study alone (assuming you don't work an unreasonable amount) but it could be doable when combined with a summer job. Also, remember that all outside scholarships reduce student contribution before they cut into the Financial Aid package (and even if you don't have any outside scholarships now, there are things you can apply for as a college student).</p>
<p>Depending on your financial situation, Yale will look and see what's up. Also, you might get grants fro the federal government that will help your financial aid situation.</p>
<p>Yale wants you to attend Yale. Just talk to financialaid and you can come up with a solution. Almsot everybody I know has come up with something that works for both sides.</p>