<p>My family makes about $60k a year, and I will obviously need FA IF I am accepted. </p>
<p>How genorous is Stanford with the FA distribution? </p>
<p>My top two choices are Michigan and Stanford but I don't think I will get much from Michigan, because it is a public school and they rather help instate students over out of state students. </p>
<p>Please let me know.</p>
<p>Thanks.</p>
<p>UChicago2016, this data is easily available online. If you make $60k or less, Stanford covers tuition, room, and board (though if your income is around there and/or you have other assets, your EFC might be nonzero, but very very small). So you’ll only have to pay for books, travel, and personal expenses.</p>
<p>If you’re a low-income student (assuming no college savings), I doubt you’ll be able to pay for Michigan, which is one of the most expensive schools for out-of-state students. And as you said, in-state students tend to get the financial aid. Plus it’s just not worth it to go to an out-of-state public that’ll cost you $50k/year.</p>
<p>FA is very generous for Stanford. I have similar income levels as you and the cost (after financial aid, adding student contribution, family contribution, and student work contribution, is smaller than the EFC calculated from FAFSA)</p>
<p>I don’t know much abe Michigan, but when I looked into the financial aid for UCs, even the instate tuition after financial aid was more expensive than Stanford. </p>
<p>Also, a good thing to note is that Stanford has housing for all 4 years, and since your room and board is covered under FA, it will be A LOT cheaper than renting a room.</p>
<p>My family makes upwards of 150,000, but we have 4 kids, no assets (besides house we live in) and very little savings. This is largely due to recent medical expenses. Siblings attend a parochial school as well. Would I be likely to get much FA?</p>
<p>With an adequate explanation of your circumstances, I would expect you would receive some FA. Depending on the exact amount of assets you have (bank accounts, stocks, etc.), you could actually receive up to $30000 with an income of $160000 [i just plugged in estimates on the FA calculator on the website]
[Financial</a> Aid Calculator : Stanford University](<a href=“Financial Aid : Stanford University”>Financial Aid : Stanford University)</p>
<p>Ahh, thank you! That’s very helpful. Now I must wait and see if I even get in haha.</p>
<p>Hey curiosity33 best of luck on getting admitted. I HOPE I am as-well CLASS OF 2016!!!</p>
<p>For us, Stanford was more generous than other top, non-Ivy universities, but less than HYPC.</p>