Stanford University will no longer charge tuition to students whose families make less than $100K per year. They will not charge room and board to students whose families make less than $60K per year
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If you take it from the military budget, not entirely impossible. How many such endowments could have been parceled out with what we've spent in Iraq? Plus 4,000 more graduates from those institutions?
Here is somewhere where free markets and open competition could be very useful. I think it will make it harder to get into Stanford, but the increased standards will, in all likelihood, turn out a higher quality alum. Good for everybody. This isn't charity; it's competitiveness. What this will do for Stanford's national rankings as a school is incalculable. Harvard and Yale better come up with something along the line of turbo-bursaries fast.
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I think the whole system should run like this.
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How many such endowments could have been parceled out with what we've spent in Iraq? Plus 4,000 more graduates from those institutions?
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I saw this reported in the Times this week, and completely agree with you. It's a very British thing to do.
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