I have read about Stanford’s great FA for incomes under $125K. What happens if you are over that? Would your EFC be similar to any other school at that point? or would it still be lower than the EFC at most places? Thanks.
https://financialaid.stanford.edu/undergrad/how/calculator/
@nw2this - I suggest you run the Net Price Calculator for Stanford and any other schools to which you are applying. Each college will have a NPC on its website. To me, the easiest way to find them is to Google, “Name of College - Net Price Calculator.”
There are too many variables to answer your question - income level, asset amounts, type of assets, who owns the assets, size of family, number of children in college, etc. This is why it is best to run the NPC for each school you are interested in.
I think you’ll find its still better than most other schools. We have one at Stanford and one at another school. Stanford’s FA is better. Run the NPC and see what it says.
I’ll run the NPC, but I just thought there might be a general rule since the income<60 and income<125 thresholds are so often publicized, but I guess not. Seriously considering working part time instead of full time over the next year to stay below $125.