Posted by Parent, a resident of Another Palo Alto neighborhood, on Jan 23, 2009 at 12:42 pm
Maybe they ought to reconsider this:
Stanford drops tuition for some students
Steve Rubenstein, Chronicle Staff Writer
Wednesday, February 20, 2008
(02-19) 23:49 PST Palo Alto -- In a radical change to its financial aid program, Stanford University will announce today that it will no longer charge tuition to students whose families earn less than $100,000 a year.
In addition, the university will waive room and board fees for students whose families earn less than $60,000 a year.
University President John Hennessy will make the announcement today on campus, university Provost John Etchemendy confirmed late Tuesday.
The university is making the change in the wake of published reports last month that its endowment had grown almost 22 percent last year, to $17.1 billion. That sum had begun to attract attention from lawmakers who want wealthy institutions to do more to reduce tuition costs.
Financial aid also will increase to families that make more than $100,000 a year.
"Thanks to our increasingly generous financial aid program ... attending Stanford will cost less than most private and many public universities," Etchemendy said.