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[MSN] Stanford makes tuition free for families earning less than $125,000

April 2, 2015

 

(Courtesy of Waqas Mustafeez/Flickr via CC License)

(Courtesy of Waqas Mustafeez/Flickr via CC License)

[MSN]

  1. 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.
  2. Students are still expected to pay $5,000 toward college costs from summer earnings and working part-time while enrolled in college.
  3. 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.
  4. 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.

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