<p>You have to read carefully. I believe the phrase “your college costs” includes an allowance of about $1,500/year for books, $1,000 for personal items, and an amount TBD for transportation (based on where you live). When it all gets figured in, the amount you would have to pay the university may be something like $1,000 or less. The other thing Stanford does (and not many other colleges) is to have outside scholarships reduce your contribution, not theirs. </p>
<p>I think that every college has a required student contribution, absent an extraordinary merit scholarship. Stanford is just being honest in telling you what theirs is. To compare colleges, you need to look at what their student contributions are, what goes into the costs that students must contribute to, and how they deal with outside awards.</p>
<p>I’m sure you have researched merit scholarships. I believe there are very, very few merit scholarships available that would really cover everything, and those few are insanely competitive – more so even than admission to Yale. You can’t count on that. Furthermore – and here I am speculating – there may well be a tendency to target such scholarships to students for whom they will make a much bigger difference than they will to you. A college looking at you will know that you will get full financial aid from any college that meets full need. Realistically, any such college will be affordable for you, and a full-ride scholarship will mean a relatively small difference in cost, one that, logically, should not be enough to affect your choice. A student whose family makes, say, $170,000/year may well not be eligible for any need-based aid, so a large merit scholarship will represent an overwhelming cost difference between two colleges that could (and probably should) be decisive as to which college the student will choose. So that could create a tendency to award big merit scholarships to students who are not otherwise eligible for significant aid. </p>
<p>You seem on top of all of this, so I should stop giving you advice. You certainly don’t HAVE to apply to Stanford, or anywhere. (But, yes, you should look harder at Brown, too.) In the end, all I (and others) have been telling you is that you probably shouldn’t be so conservative about applying to the richest, most selective institutions, because you are competitive there, and they are likely to be both your least expensive option and the one most likely to help you get where you want to go in life.</p>