2 years ago
greggr
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Stanford Offers Free Tuition to Some Students
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!
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5 comments
WOOOOWWW! That's FANTASTIC! $125,000? A lot of people don't make that much. We have Florida prepaid for our boys..... But the books, rent, food etc. killed us! Thank God this year he got a soccer scholarship, because I don't see a school like Stanford in our kids' future.