November 26, 2014
PALO ALTO, Calif. (AP) - Attending Stanford University next year will be a lot more affordable for some undergraduate students.
The university announced Wednesday plans to eliminate tuition for students with annual family incomes under $100,000 and to pay most of the room and board for students whose families make less than $60,000.
Financial aid director Karen Cooper says the move comes as middle-income parents express concern over paying for a Stanford education despite financial aid including loans and grants.
Stanford tuition is expected to rise to $36,000 in the fall. Room and board will cost a little more than $11,000.
About a third of the university's 6,700 undergraduates are expected to qualify for the tuition break.
Stanford is the latest elite private college to devote more money to financial aid.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
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