In the hectic and competitive world of higher education, staying ahead and providing for the needs of students are often one and the same.
Financial aid initiatives from other universities have continued to make headlines across the country in recent weeks, and most recently a Jan. 23 announcement revealed that Dartmouth will provide free tuition for students from families making under $75,000 per year. Stanford is now evaluating its own financial initiatives, and the University is expected to announce further financial assistance initiatives by the end of winter quarter, following a mid-February Board of Trustees meeting.
“There’s a lot of talk in the popular media about a financial aid arms race,” said Director of Financial Aid Karen Cooper. “But what’s really going on is that schools are always going to be competing for the best and brightest students.”
Cooper said that Stanford aims to help all students who need financial aid, and in negotiating how the University will allocate its financial aid resources, concerns of retaining good students remain paramount.
“Our goals are simple,” she said. “One, we want to make sure that every student who is admitted can attend. Two, we want to make sure that how a student is going to pay for college is not a factor in the decision.”
Heading into the Board meeting, the University has offered no official statement about plans for further financial aid reforms, but the Board will draw on information that includes surveys of current students — and especially data from a study conducted last year, in which middle-income families repeatedly mentioned the heavy burden of tuition costs.
Stanford’s latest high-profile financial aid reform was announced in February 2007, when the University committed $5 million to financial assistance for middle-income families — those with incomes ranging from $60,000 to $135,000. Reforms from last year cut out all or part of parental contributions — tuition plus additional expenses — for families with incomes up to $45,000 and $60,000, respectively.
Cooper emphasized that any reforms made after the upcoming Board meeting could be as much about solidifying previous gains as moving on to new initiatives.
“I think we already do a really great job with the lowest-income students,” she said. “We are going to be very careful to protect the progress we’ve made there.”

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