Post by annabanana on Mar 16, 2006 15:16:16 GMT -8
Low-Income Students Won't Pay at Stanford
Low-Income Students Won't Pay at Stanford 2 hours, 34 minutes ago
Stanford University, worried about losing talented students to sticker shock, is eliminating tuition for undergraduates from the some of the lowest-income families.
Under a new program announced Wednesday, students from families with annual incomes of less than $45,000 won't pay tuition. Those with incomes up to $60,000 will pay about $3,800, the school estimates.
"Students from low-income backgrounds are underrepresented at our nation's most selective institutions," said Richard Shaw, Stanford's dean of undergraduate admission and financial aid.
"Many families ... may be discouraged by the stated tuition, so we want to be more forceful with this new program in encouraging talented low-income students to consider Stanford," he said.
Stanford's undergraduate tuition for the next school year will be nearly $33,000. Add in other expenses, such as books and housing, and the cost averages about $47,000.
Stanford already provides strong financial aid. This year, students from families earning less than $45,000 paid an average $2,650, according to the university. The new program, starting for an estimated 1,100 current and new students this fall, is expected to cost the university $3 million in the first year.
Harvard and Princeton are among other elite universities with similar programs.
College costs have been rising fast nationwide. According to the latest survey from the College Board, a nonprofit association based in Washington, D.C., tuition and fees at four-year private institutions rose nearly 6 percent to $21,235 for the 2005-06 academic year from $20,045 in 2004-05, while costs at four-year public institutions went up more than 7 percent to $5,491 from $5,126.
Low-Income Students Won't Pay at Stanford 2 hours, 34 minutes ago
Stanford University, worried about losing talented students to sticker shock, is eliminating tuition for undergraduates from the some of the lowest-income families.
Under a new program announced Wednesday, students from families with annual incomes of less than $45,000 won't pay tuition. Those with incomes up to $60,000 will pay about $3,800, the school estimates.
"Students from low-income backgrounds are underrepresented at our nation's most selective institutions," said Richard Shaw, Stanford's dean of undergraduate admission and financial aid.
"Many families ... may be discouraged by the stated tuition, so we want to be more forceful with this new program in encouraging talented low-income students to consider Stanford," he said.
Stanford's undergraduate tuition for the next school year will be nearly $33,000. Add in other expenses, such as books and housing, and the cost averages about $47,000.
Stanford already provides strong financial aid. This year, students from families earning less than $45,000 paid an average $2,650, according to the university. The new program, starting for an estimated 1,100 current and new students this fall, is expected to cost the university $3 million in the first year.
Harvard and Princeton are among other elite universities with similar programs.
College costs have been rising fast nationwide. According to the latest survey from the College Board, a nonprofit association based in Washington, D.C., tuition and fees at four-year private institutions rose nearly 6 percent to $21,235 for the 2005-06 academic year from $20,045 in 2004-05, while costs at four-year public institutions went up more than 7 percent to $5,491 from $5,126.