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>Tuition is ~$45,000 per student. $45,000 12,000 = $540 million. They can't spend 2%(540/26,000) of their endowment per year on free tuition? What is this mone
by nemothekid 11y ago
>Tuition is ~$45,000 per student. $45,000 12,000 = $540 million. They can't spend 2%(540/26,000) of their endowment per year on free tuition? What is this money for?*
Most schools with that size of tuition don't. Stanford (http://thinkprogress.org/education/2015/04/02/3642085/stanford-free-tuition/ http://thinkprogress.org/education/2015/04/02/3642085/stanfo...) is free is your household income is less than $120,000, and cheap from there on.
- prawn 11y agoI didn't know that the aid would be that significant. Abroad, we hear so much about student debt and parents saving for college fees, but I imagine there'd be a large group of families under that $120k figure.
- allemagne 11y agoThat's Stanford's own policy, not a standard practice for colleges in the US.