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.
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.
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 $60,000. But there's no Tuition break for her as the child of a U professor.
ReplyDeleteThis pretty much says it all, Momo.
ReplyDeleteYou are a full time faculty member at the U of M and yet your daughter would qualify for the maximum student aid because your salary is under 60K$.
Pitiful.
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.
Best,
Bonso