Word: stanfords
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...week later, Stanford University made its play for the same pool of students. Refusing to be left behind, Stanford launched an original plan to use outside scholarships to eliminate student loans...
Under traditional policies like the one Harvard used through this spring, 60 percent of outside scholarships are applied towards reducing outright aid, and 40 percent towards cutting loans. Stanford now uses scholarships to completely eliminate loans and work-study before applying them against grants...
...next policy overhaul occurred a month later at MIT. Officials there reduced self-help requirements--loans and work-study contributions built into nearly every aid package--by $1,000 for all students. They said the changes were spurred by the increased generosity of Yale, Princeton and Stanford...
This payout--well within the bounds of traditional policy--would enable Harvard to spend roughly the same amount of new money per student on financial aid as Princeton and MIT, and far more than Yale, Stanford or Penn...
However, what is likely to change at Harvard is the percentage of aid met by self-help requirements. Miller said this portion of the student's burden might be absorbed by an increase in direct grants, or reduced using outside scholarship funds on the Stanford model...