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.
I'd like to see the statistics of how many students from middle class backgrounds get into Stanford compared to the legacies and trust fund babies before they get any kind of humanitarian award.
Don't you have to be like a genius to get into Stanford? They have one of the lowest acceptance rates in the country, so it's not like a lot of people can get into it anyway
Stanford though, I don't even want to look at their small acceptance rates
My cousin (she's like 33 now but she went to Stanford back in the day and her family was poor back then) is going to be so pissed that they decided to do that now
