These Students Can Now Go to Stanford for Free

Families who make less than $125K don't have to contribute

By Newser Editors, Newser Staff

Posted Apr 2, 2015 4:36 PM CDT

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These Students Can Now Go to Stanford for Free — A Stanford University student walks in front of Hoover Tower on the campus in Palo Alto, Calif. (AP Photo/Paul Sakuma, File)

Stanford already had a relatively generous financial aid program, and now it's become more so. Families don't have to contribute to tuition if they make less than $125,000 a year and have less than $300,000 in assets, excluding retirement accounts. If they make less than $65,000, they don't have to pay for room and board, either, reports Vox. Both income thresholds were raised $5,000 this year. Students themselves must still pitch in $5,000 a year from their part-time or summer jobs. The university says that 77% of undergrads graduate without debt, notes CNN Money. (Read more Stanford University stories.)