Colleges are now bending over to make a deal if you're considering sending your kids to the "cheap" state college. Here's Stanford's deal according to their viewbook:
Stanford costs in 2009: Cost $37,380 tuition, $11,463 room and board, $3,385 personal, $1,485 books and supplies, orientation fee $438 Campus Health Service fee $501, total $53,652, or half of what a $100,000 family makes before taxes are taken out.
- Parents earning under $60,000 will not have to contribute anything
- $60-$100,00 will pay somewhere between $0 and cost of room and board. Tuition will cover tuition
- I guess if you make over $200,000 you'll have to pay a lot.
- Student expected to pay 5% of savings anually, contribute $4,500 in scholarships, summer or academic year earnings, or student loans. So if your kid has saved up $1000 in birthday money for a bike, they won't take it all.