Stanford offers free tuition to low-, middle-income families

[Rajiv]

Stanford offers free tuition to low-, middle-income families

Is this a signal to the powers that be?

Will Education and Univeral Healthcare be a part of the next bubble?

This is one way of shifting the wealth inequalities -- and a way to helicopter tons of money into the system -- if the credit system gums up

Any thoughts?

Stanford University is jumping into the competitive world of deep discounting.

Tapping into its burgeoning endowment to make college more affordable, Stanford announced Wednesday that beginning next year it will offer free tuition - worth $36,000 a year - to middle-class students whose parents make less than $100,000 a year.

Joining a trend started by other elite universities such as Harvard, Princeton and Yale, Stanford is also eliminating student loans.

The move will make Stanford a better value than the University of California-Berkeley and San Jose State University for many students.

For low-income youth, Stanford will pick up almost the entire tab for tuition, room and board - a $47,000 value. Even wealthy families may get a break: While the value of a home is still taken into consideration, it will play a smaller role than before.

[blazespinnaker]

Re: Stanford offers free tuition to low-, middle-income families

Stanford offers free tuition to low-, middle-income families

Is this a signal to the powers that be?

Will Education and Univeral Healthcare be a part of the next bubble?

This is one way of shifting the wealth inequalities -- and a way to helicopter tons of money into the system -- if the credit system gums up

Any thoughts?

Yeah, I can imagine a lot of families quitting and taking lower paying jobs or asking their employer to reduce their salaries for a few years! Hiding assets, etc.

Nice idea, but it'll be massively abused.

Good luck with that..


I think a better idea for Stanford would be to lower costs by putting every lecture immediately straight to high quality video and letting students challenge every test. They can call it the "Distant Stanford" degree. Same essays, same exams, same lectures, but you don't go onto the campus and you don't get to ask any questions. Though, tutors can be employed.