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Stanford Offers Free Tuition for Families Making < $125,000

The cherry on top is that Stanford also announced it was expanding financial aid. The university said that no parents with an annual income and typical assets of less than $125,000 will have to pay a single cent toward tuition. The threshold for this aid was previously $100,000.

Stanford also said it will offer free room and board -- in addition to free tuition -- for those making less than $65,000, raised from the previous $60,000 threshold.

Without financial aid, annual costs for a typical Stanford student-run about $65,000, including yearly tuition at more than $45,000.


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