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STANFORD, California (AP) -- Hoping to encourage students scared by rising higher education costs, Stanford University is eliminating tuition for undergraduates from some of the lowest-income families.
Under a new program announced Wednesday, students from families with annual incomes of less than $45,000 will not pay tuition. Those with incomes up to $60,000 will pay about $3,800, the school estimates.
Stanford's undergraduate tuition for the next school year will be nearly $33,000. Add in other expenses, such as books and housing, and the cost averages about $47,000.
"Students from low-income backgrounds are underrepresented at our nation's most selective institutions," said Richard Shaw, Stanford's dean of undergraduate admission and financial aid.
"Many families ... may be discouraged by the stated tuition, so we want to be more forceful with this new program in encouraging talented low-income students to consider Stanford," he said.
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