Word: stanfords
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...past three weeks, Princeton, Stanford and Yale Universities have each unveiled financial aid overhauls which will give many of their students thousands of dollars more per year...
...Stanford's financial aid reforms will reducefamily contributions and apply outsidescholarships towards erasing loans and work-study,changes estimated to cost the school an extra $3.8million next year, or around $600 per student...
This would come to an additional $943 perstudent, more than Stanford or Yale and far closerto Princeton's very ambitious package than undercurrent policies...
...school year will amount to $31,132. Though the smallest increase in 30 years at 3.5 percent, Harvard's price is still one of the highest, even among its closest rivals. For 1998-99, Yale's tuition, room and board costs $30,830, Princeton's is $30,465, and Stanford's is $28,870. When tuition is as high as it is, celebrating an increase of any amount--let alone one that is higher than the rate of inflation--is hard to swallow...
Princeton, Yale and Stanford have made a private college education more affordable in response to the fact that an increasing number of top students are opting for public colleges and universities for financial reasons. In response, the institutions have increased financial aid by providing more grants and by disregarding at least $90,000 of family assets in calculating financial aid. Harvard could spend just 1 percent more of its endowment and actually decrease tuition. This would still involve endowment spending comparable to that of other similar institutions...