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Stanford’s Bold Tuition Move

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Wow, color me impressed…

(02-19) 23:49 PST Palo Alto — In a radical change to its financial aid program, Stanford University will announce today that it will no longer charge tuition to students whose families earn less than $100,000 a year.

In addition, the university will waive room and board fees for students whose families earn less than $60,000 a year.

University President John Hennessy will make the announcement today on campus, university Provost John Etchemendy confirmed late Tuesday.

No doubt they’ve done the math on this, and it’s mainly possible due to the deep pockets provided by their tax exempt endowments, but still…well done Stanford!