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Stanford Will Now Be Free To All Students From Families That Earn Less Than $125,000 Per Year
Last week, Stanford University announced that more accepted students won’t have to pay anything for tuition, which normally runs nearly $46,000 a year.
Students whose families make less than $125,000 a year and have assets worth $300,000 or less, including home equity but excluding anything that they have saved in retirement accounts, won’t have to pay tuition. Students whose families make less than $65,000 also won’t have to pay for room and board, which can run about another $14,100. Scholarships or grants will cover the costs instead, and the school has a $21 billion endowment. The thresholds were previously $100,000 for free tuition and $60,000 for free room and board.
by Bryce Covert
Full Story: http://thinkprogress.org/education/2015/04/02/3642085/stanford-free-tuition/
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