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Uploaded: Tuesday, February 12, 2013, 1:33 PM
Stanford trustees approve tuition hikes
Total undergraduate charges will be $56,441, but half receive need-based aid
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Stanford University's undergraduate charges will rise 3.5 percent next year to $56,441, the board of trustees decided this week.
A similar 3.5 percent increase was approved for general graduate, graduate engineering, medical and law students. For business students, the increase will be 3.9 percent.
The total undergraduate charges include tuition at $42,690, room and board at $13,166, plus fees.
Tuition provides about half of Stanford's $1 billion general fund budget, which covers, among other things, faculty and staff salaries, undergraduate financial aid and purchase of library books, the university said.
This year more than 3,400 of Stanford's 6,700 undergraduates are receiving needs-based financial aid. Another 20 percent receive other types of financial aid from internal or external sources.
Stanford students from families with income below $60,000 pay no tuition, room or board. Those from families with incomes between $60,000 and $100,000 pay no tuition.
Seventy-five percent of the Class of 2012 graduated debt-free, said Karen Cooper, director of financial aid. The median amount of debt for the other 25 percent was $11,632, Stanford said.
Next year's tuition at the School of Engineering will be $45,480; at the law school $50,580 and at the Graduate School of Business $57,300.
At the medical school, first-, second- and third-year students will pay $49,000 in tuition; those beyond the third year will see tuition rise to $51,657.
A mandatory campus health-service fee for all students on the main campus will increase from $179 per quarter this year to $185 per quarter next year.— Palo Alto Weekly Staff Are you receiving Express, our free daily e-mail edition? See a sample and sign-up for Express.
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Posted by Going Up!, a resident of Another Palo Alto neighborhood, on Feb 12, 2013 at 3:36 pm Looking out a few years, here's what Stanford tuition will be, at a yearly increase of about 3.5%:
Year Tuition
2013 $56,441
2014 $58,416
2015 $60,461
2016 $62,577
2017 $64,767
2018 $67,034
2019 $69,380
2020 $71,809
2021 $74,322
2022 $76,923
2023 $79,616
2024 $82,402
2025 $85,286
2026 $88,271
2027 $91,361
2028 $94,558
2029 $97,868
2030 $101,293
2031 $104,839
2032 $108,508
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Posted by Whew, a resident of the Greater Miranda neighborhood, on Feb 12, 2013 at 6:08 pm So, as always, one has to be either filthy rich or dirt poor and loaded with grants to attend Stanford. Anyone in the middle need not apply!
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Posted by neighbor, a resident of another community, on Feb 12, 2013 at 7:46 pm Whew: read the article again.
--- Stanford students from families with income below $60,000 pay no tuition, room or board. Those from families with incomes between $60,000 and $100,000 pay no tuition.
--- Half of the students receive income-needs based financial aid and have families with incomes below 100k. Another 20% receive other kinds of financial aid.
--- Upon graduation, 75% of the students leave debt-free.
One does not have to be filthy rich to go to Stanford. But ones has to be really smart, really mature, really creative, really motivated, and really lucky....because thousands of applicants from all over the world fit the aforementioned criteria.
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Posted by musical, a resident of the Palo Verde neighborhood, on Feb 12, 2013 at 8:25 pm Getting into Stanford sounds easier than getting into the Olympics.
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Posted by RogueTrader, a member of the Gunn High School community, on Feb 12, 2013 at 10:05 pm "75% graduate debt free"
That's because most students who attend are from rich families who pay full fare and subsidize everyone else, or the poor who get large amounts of financial aid.
Many of those in the middle look at the financial aid offer package and decline to attend, or they never bother to apply in the first place.
If you are interested, you can get an estimate of how much financial aid a family might get on these links
Web Link
Web Link
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Posted by neighbor, a resident of another community, on Feb 12, 2013 at 11:20 pm Stanford's applicant and student profiles -- as well as its financial aid policies have been openly published and well-documented for years. Their goal is to get a student body of talented extremely smart, but well-rounded individuals, from all over the U.S. and the world.
Although they admit some students from local families, they are not a University for local or state residents. Princeton, Harvard, and Yale and similar private universities are also not obligated to admit from their local towns (and their geographic diversity interests might be a good thing for smart California applicants).
On the other hand, UC and CSU campuses -- as state institutions -- exist to serve California residents.
Private Universities can set their own admission policies as long as they are legal and non-discimminatory. On the whole, SU has maintained a geographically and racially diverse student body whose only common denominator is superior student intellect and talent.
Town/gown issues are complex, and development by both sides will lead to friction at times.....but from the Peninsula community's participation in SU cultural, intellectual and sports activities, it appears that most area residents see the University as a bonus to living here.
Without Stanford, Palo Alto would just be Burlingame,
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Posted by RogueTrader, a resident of the Green Acres neighborhood, on Feb 13, 2013 at 10:22 am "Neighbor" continues to parrot the party line as if he's reading it straight off the brochure. Let's examine this statement: "Private Universities can set their own admission policies as long as they are legal and non-discrimminatory. " (end quote)
Do you think it is an equal playing field for all ethnic groups when applying to private colleges? If not, isn't that a textbook definition of discrimination and therefore illegal?
"A study by Princeton sociologist Thomas Espenshade examined applicants to top colleges from 1997, when the maximum SAT score was 1600 (today it's 2400). Espenshade found that Asian-Americans needed a 1550 SAT (>99.5 percentile) to have an equal chance of getting into an elite college as white students with a 1410 (96 percentile) or black students with an 1100 (61 percentile)."
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Posted by neighbor, a resident of another community, on Feb 13, 2013 at 11:11 am In many years (over the last 15-20 yrs.) Stanford's racial/ethnic mix has been more balanced than UC overall. Pretty surprising, eh?
2012-13 STANFORD STUDENT RACE/ETHNICITY (rounded)
African-American: 10%
Asian American: 23%
Hispanic: 12%
International: 7%
Native American: 3%
Unknown: 7%
Caucasian/White: 38%
ACCEPTED STUDENTS' HOME LOCATION:
Out-of-State: 58%
In-State: 42%
More detailed information: Web Link
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Posted by RogueTrader, a resident of the Green Acres neighborhood, on Feb 13, 2013 at 12:20 pm The reason Stanford has more racial "balance" is because they (like almost all private colleges) practice affirmative action - a.k.a. racism.
If admissions were race blind, free of racial discrimination, and merit based, the student body would look more like UC.
The reason UC looks the way it does is because they are race blind with their admissions.
Stanford uses race as an important discriminating factor in their admissions process. Period.
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