Financial Aid Question

<p>Hello,</p>

<p>I am an admit to the Stanford class of 2017 and I need some guidance after reviewing my financial aid.</p>

<p>According to the fin aid award letter, my family responsibility is $9,553 and the student job contribution is $2,800 each year.</p>

<p>My family situation is a single parent household, and parent makes $50,000 a year. (however, we do own our house and have a good amount of money invested and in savings)</p>

<p>According to what I read here on</a> Stanford's website
[quote]
Total undergraduate charges will increase to $56,411 next year, including $42,690 for tuition and $13,166 for room and board. For undergraduates from households with incomes of $100,000 or less, tuition would be fully covered by financial aid under the university's financial aid program, now in its fifth year. Those with incomes below $60,000 pay no tuition, room or board.

[/quote]
</p>

<p>Now, the total expenses are $62,219. So, from what I understand, my family should only be responsible for paying $6363 per year, plus a $2,800 job during the school year.</p>

<p>I know it's only a $3,200 difference per year, but that adds up to $13,000 in four years.</p>

<p>My question is why does it factor in part of tuition/room & board for my EFC?</p>

<p>Should I ask the financial aid department why this is, or just be grateful for what I've got?</p>

<p>Thanks!</p>

<p>Stanford does take into account home equity and savings and probably your investments as well (but not retirement funds). See #5</p>

<p>[FAQ</a> : Stanford University](<a href=“Financial Aid : Stanford University”>Financial Aid : Stanford University)</p>