Thursday, February 21, 2008

Tuition Too High For You At U of M?

If You Are A Good Student, Maybe You Should Apply to Stanford...

It may actually be less expensive for you to go there.

CNN reports a solution to ballooning endowments. Free tuition for lower income families is becoming increasingly popular among the super rich academic institutions:

Stanford eliminates tuition for some students

Students whose families make less than $100,000 will attend school free; about a third of students will be helped.

February 20 2008: 3:29 PM EST

PALO ALTO, Calif. (AP) -- Attending Stanford University next year will be a lot more affordable for some undergraduate students.

The university said Wednesday it plans to eliminate tuition for students with annual family incomes totaling less than $100,000. It also will pay most room and board for students with families making less than $60,000.

Financial aid director Karen Cooper says the move comes as middle-income parents express concern about paying for a Stanford education.

Stanford tuition is expected to rise to $36,000 in the fall. Room and board will cost about $11,000. About a third of the university's 6,700 undergraduates are expected to qualify for the tuition break.


momo said...

That's interesting. As a Berkeley grad I'm not sure if I'd want my kid to go to Stanford, but my daughter would qualify for the full ride since my total family income is under $60,000. But there's no Tuition break for her as the child of a U professor.

Mr. B. said...

This pretty much says it all, Momo.

You are a full time faculty member at the U of M and yet your daughter would qualify for the maximum student aid because your salary is under 60K$.


Also note that OurLeader claimed that a 7.5% tuition increase was "minimal." 7.5% of his salary would be about 40K$, which is more than many of the AFSCME workers make. Is this minimal?

And the treatment of non-scientific or technical parts of the University is a disgrace. The situation in Folwell Hall is but one example.

Let's hope that in two more years the folly of the current university administration will be obvious and that a change in course will be taken.

I wouldn't bet on it, however.