Posted by Jim Neusom on February 21, 2008 at 4:41pm
Good Morning Family,(Contact Information At Bottom Of Page)It's your friendly neighborhood "Digital Drummer" again (smile)The story below was edited for spaceial considerations due to text limitations here in online forums and bulletin boards. To read the full story, see The Mercury News (http://origin.mercurynews.com/ci_8314377?nclick_check=1)(San Francisco) Stanford announced Wednesday that beginning next year it will offer free tuition - worth $36,000 a year - to students whose parents make less than $100,000 a year. Joining a trend started by other elite universities such Harvard, Princeton and Yale, Stanford is also eliminating student loans.For low-income youth, Stanford will pick up almost the entire tab for tuition, room and board - a $47,000 value. While the value of a home is still taken into consideration, it will play a smaller role than before. "No high school senior should rule out applying to Stanford because of cost," university President John Hennessy said in a statement.Like its Ivy League rivals, The Farm is ratcheting up financial aid offerings to expand the economic diversity of its student body - and deflect criticism that it is hoarding its $17.1 billion endowment. "If this keeps up, top colleges will soon be offering free shipping and $500 cash back to the first thousand applicants," joked Kathrin Day Lassila, editor of Yale Magazine.The catch, of course, is getting in the door: Last year, Stanford accepted only 11 percent of all applicants. For many of those lucky students, the changes mean that Stanford could be cheaper than state schools. For instance, a youth from a family with an annual Adjusted Gross Income of $55,000 would pay $4,400 to $4,900 a year at UC-Berkeley after scholarships. They'd get a free ride at Stanford. At both campuses, those students would be expected to work.***************(Advertisement)*********************TraVerus Travel - Become a part of the most unique family in MLMTo learn more about free travel visit their websitewww.traverusfaststart.com/yes.htmlOr contact Candy at 702-354-0519to find out about income opportunities******************************************************With next year's changes, Stanford will spend $97.2 million for need-based scholarships, up from the current $76.5 million. It will pay for the changes from its endowment and extra fundraising. Local parents cheered the announcement. They said many average families are caught in the middle - too rich for federal grants but not wealthy enough to absorb rising costs."The elimination of loans is also a good thing, but one that merely catches us up to Princeton and Harvard," said Hyde, from Potomac, Maryland. Throughout the nation, top schools have been seeking ways to end tuition anxiety. Until recently, top colleges offered little or no aid to average families.Three years ago, Harvard waived all costs for families earning less than $40,000 per year. A year later, Stanford and Yale followed suit for all families making up to $45,000. In December, Harvard declared a plan to cut costs for families earning under $180,000. Swarthmore, the University of Pennsylvania and a growing number of other schools are also jumping on the no-loan bandwagon.The jockeying is partly competitive. Elite schools are always strategizing about how to bring in the best students. Even Stanford routinely loses top applicants to UC and private schools with better financial aid offers. But the move is also part of a recruitment campaign: Stanford fears that too many poor, smart students don't get the message that they should apply.Remember we must Share The knowledge (Network)... To Share The Dollars!***************(Advertisement)*********************Looking For More Exposure, Want To Help A Good Cause, Need Money???Come on over to www.freshfaces2u.com and register to win $10,000 dollars CASH!At Fresh Faces2u it's NOT about how you look...But Who You Are!Join us in our mission to change the image of women in the mediaSign Up Today At Fresh Faces2u.com******************************************************This Online Journal was brought to you by InterServe Networks. Feel Free To Forward To Your Network Of Online FriendsWe Practice Responsible E-Commerce Marketing and Privacy Policies. We do not indulge in or encourage Spamming. We never send unsolicited emails. You are receiving this message as part of our opt-in subscriber mailing list or you are a member of an affiliated newsgroup.For comments or suggestions please contact us at the following;Jim Neusom (jneusom@yahoo.com)Executive Director/PublisherInterServe Networks/City Lights Software, Inc.www.citylightssoftware.comwww.freshfaces2u.comwww.myspace.com/jimneusomwww.myspace.com/freshfaces2uTo subscribe to our opt-in mailing list simply send an email to; The_City_Lights_Reporter-subscribe@yahoogroups.com ( on Myspace go to http://blog.myspace.com/jimneusom )
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