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Well as far as I remember from when applying (unsuccessfully) to Stanford, they have a need aware policy, which means that they do take into account the financials of the student. So a student in a well-off family would be more likely to get in than a student in a lower class family (all other things equal).

I'd assume that would be a reason for lower student debt.



This is untrue. From the left column of http://www.stanford.edu/admission/:

"Students are admitted on a need-blind basis, and the university ensures that no admitted student is unable to attend."




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