The Stanford University Board of Trustees voted last week to raise undergraduate tuition and room and board rates for the 2008-09 academic year to a combined $47,212, an increase of 3.5 percent.
Tuition for most graduate students will also increase 3.5 percent, while tuition for entering medical school students will increase 4.25 percent and increase 6.5 percent for entering business school students.
The increases came after the university announced last week it would start a new tuition-free program next fall for undergraduate students whose families earn less than $100,000 a year. About 30 to 35 percent of current freshman come from families earning less than $100,000 a year.
Stanford will also waive room-and-board fees for undergraduates whose families earn less than $60,000 a year.
Stanford's tuition-free program follows the lead of Harvard University, which announced its program in December. Five other Ivy League schools quickly adopted similar programs after Harvard's announcement.
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