2008 Woodie Awards
Stanford students offered a break in their pockets
Price of tuition still expected to increase
Elbert Esguerra
Issue date: 3/11/08 Section: News
Apparently it pays to be a student at Stanford University.
Beginning next year, students of the university will benefit from the school's huge, annual endowments. In an effort to provide affordability, the university announced they will provide a tuition break for students whose parents' annual income is less than $100,000. Also, families that make less than $60,000 per year will not be expected to pay for boarding and most other expenses.
Stanford's annual tuition costs $34,800, and next fall, will rise to $36,030. Additionally, room and board will also increase from $10,808 to $11,182, totaling a 3.5 percent increase. Yale, Harvard, and Princeton are among the elite schools that have already provided free tuition. Stanford becomes the first major west-coast university to follow that trend.
Economically this provides students an added value to attend Stanford over other west-coast schools, like USC or USD. Stanford is located in Palo Alto, California. According to the Silicon Valley/San Jose Business Journal, Palo Alto is the nation's most expensive college town, so the motive behind the break is economically driven to fit their needs.
"We understand how families face serious financial pressures, and we are doing all we can to assist them," said Stanford University President John Hennessy in a written statement.
Diversity and economic opportunity are priority in Stanford's announcement. "If we want to increase the benefit each student receives from the diversity of a school's student body, we need to find ways to pull different people together - not by forcing interaction, but by providing enough pull to balance the natural push for people with common backgrounds to congregate together,"said Stanford columnist Kai Stinchcombe.
The average annual income of families in Stanford is $120,000, according to San Jose Mercury News. About one-third of the university's population comes from low- to middle-income families and will be eligible for the free tuition and board this upcoming year.
Of course the trick here is being accepted, as Stanford is renowned for its degree of difficulty of accepting only the top-of-the-tier students.
The news of the university's program also provides a message concerning the annual tuition increase here in the state. Over each of the past six years, there have been increases in tuition at California public schools, such as the CSU and UC schools. Last fall, fees at CSU schools rose about 10 percent and are expected to rise another 10 percent next year.
Beginning next year, students of the university will benefit from the school's huge, annual endowments. In an effort to provide affordability, the university announced they will provide a tuition break for students whose parents' annual income is less than $100,000. Also, families that make less than $60,000 per year will not be expected to pay for boarding and most other expenses.
Stanford's annual tuition costs $34,800, and next fall, will rise to $36,030. Additionally, room and board will also increase from $10,808 to $11,182, totaling a 3.5 percent increase. Yale, Harvard, and Princeton are among the elite schools that have already provided free tuition. Stanford becomes the first major west-coast university to follow that trend.
Economically this provides students an added value to attend Stanford over other west-coast schools, like USC or USD. Stanford is located in Palo Alto, California. According to the Silicon Valley/San Jose Business Journal, Palo Alto is the nation's most expensive college town, so the motive behind the break is economically driven to fit their needs.
"We understand how families face serious financial pressures, and we are doing all we can to assist them," said Stanford University President John Hennessy in a written statement.
Diversity and economic opportunity are priority in Stanford's announcement. "If we want to increase the benefit each student receives from the diversity of a school's student body, we need to find ways to pull different people together - not by forcing interaction, but by providing enough pull to balance the natural push for people with common backgrounds to congregate together,"said Stanford columnist Kai Stinchcombe.
The average annual income of families in Stanford is $120,000, according to San Jose Mercury News. About one-third of the university's population comes from low- to middle-income families and will be eligible for the free tuition and board this upcoming year.
Of course the trick here is being accepted, as Stanford is renowned for its degree of difficulty of accepting only the top-of-the-tier students.
The news of the university's program also provides a message concerning the annual tuition increase here in the state. Over each of the past six years, there have been increases in tuition at California public schools, such as the CSU and UC schools. Last fall, fees at CSU schools rose about 10 percent and are expected to rise another 10 percent next year.
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