<p>What kind of scholarships does stanford offer ?What are they looking for in the people that get these scholarships?</p>
<p>Undergraduate</a> Basics : Stanford University</p>
<p>Stanford does not give merit scholarships. All scholarships are need-based, meaning they are based on your family's income. In answer to your question I guess you could say they are looking for people with low family incomes. Above is a link to the Stanford financial aid website for additonal information.</p>
<p>Actually, unlike some of the other elite schools, Stanford DOES give athletic scholarships that are not tied to financial need:</p>
<p>Stanford</a> Student Athlete Cardinal Portal</p>
<p>Their Common Data Sets also reflect that.</p>
<p>Stanford</a> University: Common Data Set 2008-2009</p>
<p>See the table in section H, $13 million in non-need based athletic scholarships last year.</p>
<p>Seriously, Stanford has a fairly new policy since they have such a large endowment. It is close to this, if not exact, and I swear i am not kidding. If your family income is under $100,000, and you get accepted, you get free tuition, if it is under $65,000, and you get accepted, you get free tuition, room and board. Check it out on line for exact figures. Little known across the country. Spread the word. And as for their athletes, they actually have to be able to take and pass academic classes!</p>
<p>Stanford does indeed have a very generous need based financial aid policy...one of the best. HOWEVER, the first hurdle is gaining acceptance to Stanford which accepts about 10% of students who apply (translation...90% or so do NOT get accepted). The financial aid policy is only a good one if you gain acceptance.</p>
<p>One more caveat concerning S and the other schools with very generous FA policies. Be aware that most of the summaries and articles about these new policies only address income, they make no mention of assets and savings which is the other part of the FA equation. While I'm not complaining, my FA package from a school with a FA policy similar to S is much higher than the percentages frequently quoted given my income level, due to relatively large assets.</p>
<p>Info from Stanford's website regarding assets
Enhancements</a> for 2008-09 : Stanford University</p>
<p>What do you mean by "typical assets"?
For applicants who report total annual parent income up to $100,000, we generally consider “typical assets” to be an adjusted total net worth of less than $250,000. Adjusted total net worth usually reflects the sum of the following amounts: </p>
<p>Cash, savings, checking
Investments
Home equity, capped at 1.2 times annual income
Equity in real estate other than the home
Business net worth</p>
<p>Fresnomom,
Thanks for the link and information on S! I think everyone should go to the college websites and search for the specifics of their FA policies, as "typical" can mean many things to different people ;).</p>
<p>Stanford says it has generous aid but I do not agree. Older S attends and younger S was just sent his estimated package due to his acceptance EA. Stanford is applying younger S's outside scholarships to decrease the amount of aid they will give. Thus the parental contribution remains the same. They applied the outside scholarships first to his "self-help" and then used the remainder to decrease the award. We were very disappointed. The one good thing for the student is that they do not require loans as part of the aid package, it is all grant (they call it scholarship but it is need connected). Older S had two years of loans, but in year 3, Stanford did away with loans which will be a big help to him when he graduates.</p>
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Stanford is applying younger S's outside scholarships to decrease the amount of aid they will give. Thus the parental contribution remains the same. They applied the outside scholarships first to his "self-help" and then used the remainder to decrease the award. We were very disappointed. The one good thing for the student is that they do not require loans as part of the aid package, it is all grant (they call it scholarship but it is need connected).
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<p>Both the policy of applying outside scholarships to the FA package rather than reduce the parental contribution, and calling FA grant money a scholarship are par for the course for the vast majority of schools.</p>