Some students will now qualify for free tuition at Stanford University. In order to make a move towards more affordable education, Stanford is going to be offering free tuition to those eligible!
What are the details?
- Stanford University will provide free tuition to parents of students who earn less than $125,000 per year — and if they make less than $65,000, they won't have to contribute to room and board costs either.
- Students are still expected to pay $5,000 toward college costs from summer earnings and working part-time while enrolled in college.
- The announcement is an expansion of Stanford's old financial aid policy, which previously applied to students from families making less than $100,000 per year.
- Most universities can't afford to offer such generous financial aid to their students. But they could draw a lesson from the plan's simplicity.
- At most colleges, the amount a family is expected to pay doesn't show up until after students have applied, been accepted, and filled out financial aid paperwork.
Other schools should try to replicate this simplicity!