Stanford Jumps on the Free Tuition Bandwagon.

Stanford is one of the most prestigious universities in the country and boasts one of the largest endowments (a whopping $15.3 billion in 2006). Following the lead of Harvard and other top-tier schools, it’s using that cheese to offer free tuition to students from families making less than 100k a year.

This is obviously good news for exceptional students from middle- and low-income families, but less so for smaller colleges without Harvard, Yale or Stanford bank and who pull from the same pool of high-achieving applicants.

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Gene "G.D." Demby is the founder and editor of PostBourgie. In his day job, he blogs about race and ethnicity for National Public Radio. He is a native of South Philly and reads and writes and runs and rants. You can follow him on Twitter or subscribe to him on Facebook.

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