The University saw a 9.7-percent increase in its endowment this year, bringing the total value to $18.7 billion after the 2013 fiscal year.
According to Director of Financial Aid Karen Cooper, MasterCard will disburse $500 million in an education initiative for sub-Saharan Africa.
The inability of the federal government to avert the “sequester” — automatic and across-the-board spending cuts of $85 billion that came into effect last Friday — will seriously affect the state of ongoing and future research at Stanford, according to University administrators.
Undergraduate tuition will increase to $42,690 next year, compared to $41,250 this year, and room-and-board charges will increase from $12,721 to $13,166, according to a University press release.
Average of Stanford students graduating with debt decreases, but indebtedness increases