The University projects it will collect $296.5 million in undergraduate student fees for the 2011-12 academic year, reflecting a 3.8 percent increase over last year, and will award $148.9 million in undergraduate financial aid, a 1.5 percent increase over 2010-11.
Congress’s Aug. 2 approval of a last-minute debt ceiling increase marked the beginning of at least a week of instability in the U.S. economy, which included Standard & Poor’s (S&P) downgrading the country’s credit rating, volatility in the stock markets and the Federal Reserve Bank’s announcement that it will maintain low federal interest rates. American economists, including those at Stanford, have a variety of theories as to how the situation came to be, as well as how it will play out.
In response to the U.S. Congress’s 2008 Higher Education Opportunity Act (HEOA) mandating that the cost of college attendance be publicly available information, the U.S. Department of Education recently launched a website that publishes a “college transparency and affordability” list for information on tuition and net prices at postsecondary institutions.
We see them in our classrooms and cultural shows, in our labs and on our sports teams. They are often distinguished by a strange accent, a distinct garb, a new perspective in a classroom discussion, or even by a modest “eh” at the end of a sentence. Stanford’s international undergraduate students add inestimably to campus culture, talent and diversity.
The rising cost of higher education is one of the few features of American economic life to remain constant over the last few decades. Since 1978, the inflation-adjusted cost of college tuition has increased 650 percent; here at Stanford, the cost of tuition and room and board now stands at $52,341 per year. Despite many universities’ (including Stanford’s) efforts to increase need-based financial aid, the dramatic rise in the cost of education has left the average college senior with nearly $25,000 in debt
March 15, 2011 was not a particularly important day for most people, but that Tuesday was emblazoned into the mind of Cristal Garcia ’11 and her family: it was the final tuition payment deadline for Garcia’s final quarter at Stanford. But more than that, it marked a symbolic, though not exactly triumphant, end to the Chicago native’s four-year battle to pay for college.
Federal funding for Pell Grants may decrease significantly if the Senate also passes the H.R.1 bill recently passed by the House of Representatives. Stanford’s Financial Aid Office is confident that these proposed cuts, if enacted, would have a limited impact on the University’s need-based financial aid policy.