Stanford University announced last week that tuition will be free for students whose families earn less than $125,000 a year. The standard had been $100,000. Students whose families’ annual incomes are lower than $65,000 will also be exempt from paying room and board, up from the current $60,000 cutoff.
Wealthy students help pay for the free ride received by other students.
… Stanford is able to fully subsidize the tuition of these students because of the high number of wealthy students who attend….
Cost of attendance at Stanford before financial aid is “roughly $65,000” per year.
Of course, before getting the great tuition deal, students will have to gain admission at the “Toughest College to Get Into in the United States”.
… Stanford University is the toughest college to get into in the nation. Yes, harder to get into than Harvard.