Tags: stanford | free | tuition

Stanford: Free Tuition for Students Whose Parents Make Less Than $125K

By    |   Thursday, 02 Apr 2015 04:34 PM

Stanford University is offering free tuition to any undergraduate student whose family makes less than $125,000 per year, and the news brought joyous acclamations from parents and students alike.

Stanford announced the decision last week, adding that for families earning less than $65,000, there will be no parental contribution toward room and board, either.

"Our highest priority is that Stanford remain affordable and accessible to the most talented students, regardless of their financial circumstances," Provost John Etchemendy said in a news release. "Our generous financial aid program accomplishes that, and these enhancements will help even more families, including those in the middle class, afford Stanford without going into debt."

The first students to benefit from the tuition standards are in the Class of 2019, which was selected from an applicant pool of 42,487 candidates. Of those admitted, 16 percent were first-generation college students.

Students are expected to contribute toward their own education from summer income, savings, and part-time work during the school year, the Stanford release said, amounting to at least $5,000 that isn’t borrowed.

As the news spread, many went online to praise the school’s decision and to point their kids toward Stanford:





As parents and students suddenly start considering a Stanford University education, though, they should keep in mind that Stanford, along with Harvard University, rejected 95 percent of applicants this year.

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Stanford University is offering free tuition to any undergraduate student whose family makes less than $125,000 per year, and the news brought joyous acclamations from parents and students alike.
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2015-34-02
Thursday, 02 Apr 2015 04:34 PM
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