Stanford Makes Tuition Free for Families Earning Less Than $125,000 Per Year

Stanford University is making it easier for some of its students to pay for college with a significant expansion of its financial aid program.
Starting next year, tuition will be free for any Stanford student whose family earn less than $125,000 per year, a more lenient standard than its previous $100,000 cut-off.
Those whose family makes below $65,000 per year will also have free room and board.
According to the announcement, students will still be expected to contribute $5,000 per year towards college costs from summer earnings or part-time work during the school year, but there's no rule that parents can't pay for these costs instead.
The move comes just months after the Palo Alto, California university raised its tuition by 3.5%, bringing the total annual cost for undergraduates to $60,427 including room and board.