There has been a change at The Farm. Not at just any farm — at Stanford University. For those not familiar, the nickname for Stanford University is The Farm. Hey, the more you know. Anyhow, beginning this year, more students at Stanford will have the chance to attend for not cost at all. That’s right. More students than ever before will get to go to The Farm for free. Pretty cool, right? Indeed, for families whose incomes are below $125,000, they’ll no longer be required to pay any tuition.
But of course, there’s tuition, room and board, as well as fees. If a family earns less than $65,000, dorm fees will be on the house as well. As reported by “The Bakersfield Californian,” “Before the financial aid program expansion, students with family incomes of less than $100,000 received free tuition, and students with families earning less than $60,000 were waived dorm fees. ‘Our highest priority is that Stanford remain affordable and accessible to the most talented students, regardless of their financial circumstances,’ Provost John Etchemendy said in a statement. Annual costs for a typical Stanford student total roughly $65,000 before financial aid. Nearly 77 percent of Stanford undergraduates currently graduate with no student debt.”
What do you think of this change in policy at Stanford with respect to financial aid? Do you believe that more highly selective colleges will follow in Stanford’s lead? We’re curious to hear from our readers so post a Comment below and we’ll be sure to write you back.