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.
The Board of Trustees approved a combined tuition, room and board increase of 3.5 percent for the 2011-2012 academic year. This rise will be applied across the University, with the exception of Stanford Law School, which will see a 5.75-percent hike in its fees.
To boost the number of low-income applicants, the nation’s Dept. of Education has made changes to the FAFSA forms for easy completion.
The board of trustees expects reports this year on the state of the School of Engineering, the earthquake risks facing the University and the next 25 years of land use at Stanford, board President Leslie Hume said in an overview of the board’s agenda on Tuesday.
Stanford hopes to close financial-aid deficit in four to five years, Hennessy tells Stanford faculty
University President John Hennessy highlighted the endowment’s recovery at Thursday’s Faculty Senate meeting, which also saw a detailed overview of undergraduate admission and financial aid two years into a financial aid overhaul that pressured University finances but erased tuition for hundreds of students’ families.
With concerns abounding about the fiscal viability of the University’s significant financial aid commitments, Stanford announced new changes in its 2010-11 budget designed to ensure that the program can continue to meet the “demonstrated financial needs” of all admitted undergraduates.