Low-Income Students Won't Pay at Stanford

<p>STANFORD, Calif. - Stanford University, worried about losing talented students to sticker shock, is eliminating tuition for undergraduates from some of the lowest-income families. </p>

<p>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.</p>

<p>"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.</p>

<p>"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.</p>

<p>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.</p>

<p>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.</p>

<p>Harvard and Princeton are among other elite universities with similar programs.</p>

<p>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.</p>

<p>Let's not make it out than more than it is. Stanford has approximately 14% of students on Pell Grants (more than twice Harvard's %, and a bit more than Princeton), and only 24% of students are in the bottom three quintiles of the U.S. population (below $60k). So what this may do is allow them "fight back" against Princeton and Harvard, and "poaching" by merit aid schools of their best low-income applicants, but it doesn't have much impact (by itself) in the shape of a very well-heeled student body.</p>

<p>Still, it is a good thing! ;)</p>