Word: stanfords
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...Stanford's plan, which like Yale's will affect the entire student body, allow students who receive outside scholarships to use these awards to eliminate the work-study and loan provisions of their aid package--a first...
Previously at Stanford, outside scholarships would reduce the amount of direct grant aid from the university...
...wanted a good way to recognize student efforts, an alternative to borrowing," said Cynthia A. Rife, director of student awards in Stanford's financial aid office...
...Stanford officials say the changes are expected to mean much less loan debt for the average middle-class student...
...would tell any undergraduate student out there to sit down and look for these scholarships because now you'll really benefit," Margaret Brandeau, a Stanford engineering professor and head of the committee that recommended the changes, told The Stanford Daily last Wednesday...