Lou Dobbs’ “War on the Middle Class” campaign has hit elite, private universities.
Following in the footsteps of Yale, Harvard and Brown, Stanford University recently announced it will foot the bill for middle class students to attend “the Harvard of the West.”
Great news for DVC transfer students?
Not necessarily, says Catherine Franco, DVC’s transfer center coordinator.
“I think it’s more effective for students coming out of high school” she said. “Numbers are very low; we had one student accepted (to Stanford) two years ago
And bar is set very high for transfer students.
Of the 1,400 students who applied for transfer to Stanford last year; only 23 received “the big envelope,” according to collegeboard.com.
Still, four DVC students have submitted their applications because of the new policy, Franco said.
Stanford will now pay full tuition and living costs for students with a family income of less than $60,000 (except for the $4,300 students are expected to earn on their own).
For families making $100,000 or less, tuition will be covered but living costs will not.
Karen Cooper, Stanford’s director of financial aid, said there is no maximum ceiling for a student who receives aid.
“We’re reviewing each family’s situation individually,” Cooper said. “Circumstances, such as multiple family members enrolled in college, can have a significant impact on the expected family contribution and, therefore, eligibility for aid at any income level.”
International students are also included in the new policy, with family income determined by differences in currency value.
Our motivation was to help all students enrolled at Stanford,” Cooper said.
All of a sudden, Stanford is cheaper than its chief rival, UC Berkeley, at least for some.
May the feud continue.