The Board of Trustees approved a 3.5 percent tuition increase for the 2013-14 academic year on Monday. The increase will affect all Stanford students equally, with the exception of those at the Graduate School of Business, whose tuition will rise by 3.9 percent.
Even as Stanford continues to bounce back strongly from the impact of the 2008 recession, renewed uncertainty about potential cuts in federal spending may prompt a more serious challenge to the University’s ability to fund faculty and students in the years ahead.
Average of Stanford students graduating with debt decreases, but indebtedness increases
For the first time ever, Stanford Law School will reach into its unrestricted funds to cover students’ need-based financial aid. Lower endowment returns and an increase in the number of students qualifying for financial aid has caused the school “to wipe out” the financial aid funds for this academic year, according to the University’s 2012-13 budget plan.
With two weeks left before graduation, the Class of 2012 remains slightly behind last year’s record participation in Senior Gift donations. Gift organizers expressed optimism, however, that seniors’ contribution to the student-driven initiative will spike in the final weeks.
Despite a new Stanford ePay system instated in the middle of last quarter which required authorized tuition payers to re-register, Director of Student Services T.J. Fletcher wrote in an email to The Daily that her office has not observed an increase in past-due balances this quarter.