Stanford University will provide free tuition to parents of students who earn less than $125,000 per year – and if they make less than $65,000, they won’t have to contribute to room and board costs either.

Students are still expected to pay $5,000 toward college cost from summer earnings and working part-time while enrolled in college.

The announcement is an expansion of Stanford’s old financial aid policy, which previously applied to students from families making less than $100,000 per year.

Most Universities can’t afford to offer such generous financial aid to their students. But they could draw a lesson from the plan’s simplicity.

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http://www.vox.com/2015/4/1/8328091/stanford-tuition-financial-aid

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