[Mick]

[quote author=Mick link=topic=18685.msg223388#msg223388 date=1518043203]
[quote author=Boston Card link=topic=18685.msg223349#msg223349 date=1518026243]
Stanford does not charge tuition to families making under $125,000 and does not charge tuition or room and board to families making under $65,000.  That corresponds to the 82nd and 58th percentile of household income, respectively.

It's probably fair to rephrase your statement as "upper middle class parents borrow an inordinate amount of money to pay for these educations."

BC

You're using national figures.  What if you normalize for COL for Stanford/Ivy attendees?
[/quote]

Because the majority of Stanford students come from outside the Bay Area, and we are talking about the family household income.  62% of students come from outside California, and it wouldn’t be appropriate to compare a student coming from Texas to The COL of Palo Alto.

BC
[/quote]

Fair enough, 38% come from California.  I imagine a fairly high percentage come from other relatively expensive areas in the country.  NY, CT, NJ, TX, PA, even rat-faced old MI has their share of pricy areas.

This article lends some insights:

https://www.theatlantic.com/education/ar...ws/390090/

[Mick]

[quote author=Mick link=topic=18685.msg223388#msg223388 date=1518043203]
[quote author=Boston Card link=topic=18685.msg223349#msg223349 date=1518026243]
Stanford does not charge tuition to families making under $125,000 and does not charge tuition or room and board to families making under $65,000.  That corresponds to the 82nd and 58th percentile of household income, respectively.

It's probably fair to rephrase your statement as "upper middle class parents borrow an inordinate amount of money to pay for these educations."

BC

You're using national figures.  What if you normalize for COL for Stanford/Ivy attendees?
[/quote]

Because the majority of Stanford students come from outside the Bay Area, and we are talking about the family household income.  62% of students come from outside California, and it wouldn’t be appropriate to compare a student coming from Texas to The COL of Palo Alto.

BC
[/quote]

Fair enough, 38% come from California.  I imagine a fairly high percentage come from other relatively expensive areas in the country.  NY, CT, NJ, TX, PA, even rat-faced old MI has their share of pricy areas.

This article lends some insights:

https://www.theatlantic.com/education/ar...ws/390090/