Stanford College Tutition Inititative -- Beginning: Fall 2007
Families with annual incomes of less than $45,000 will not be expected to contribute to the cost of tuition at Stanford University, and the requirements for middle-income families will be cut in half, Richard Shaw, dean of undergraduate admission and financial aid, announced today.
The change applies to both new and continuing undergraduate students and will go into effect with the new academic year in September. The program is anticipated to cost the university $3 million in the first year.
"When Jane and Leland Stanford created the university, they wanted students admitted based on their abilities, promise and willingness to work hard and not on whether or not they could pay the cost of tuition," Shaw said. "With this new program, we are telling talented students from families with low to moderate incomes that they should apply with confidence. If they are admitted, we'll cover their costs."