Stanford University will offer a free ride to any student whose parents make less than $125,000 a year, University officials recently announced in an expansion of its financial aid program for the coming school year.
“Our highest priority is that Stanford remain affordable and accessible to the most talented students, regardless of their financial circumstances,”Stanford provost John Etchemendy said.
The simple rule-of-thumb was revised from the previous year’s benchmark, $100,000 in family income. Eligible students are expected to contribute $5,000 to tuition using part-time wages, though they will not have to borrow money to meet that goal.
Without financial aid, Stanford students pay upwards of $65,000 a year in tuition.
See Photos of Barack Obama in College
Chance Encounter In 1980, when Obama was a freshman at Occidental College in Los Angeles, he was approached by an aspiring photographer named Lisa Jack, who asked him if he would be willing to pose for some black and white photographs that she could use in her portfolio.Lisa JackHandsome
Of her first meeting (in a campus eatery) with Obama, Jack remembers only that "He was really cute. But what else does a 20-year-old girl remember?"Lisa JackStyled
In the photos, Jack says, "You can see he is just posing, initially, but as the shoot goes on, he starts to come out. He was very charismatic even then."Lisa JackProp
Jack never realized her dream of becoming a photographer and is now a psychologist.Lisa JackPose
Jack and Obama would see each other only a few more times while students. But in 2005, while on a tour, she spotted Obama on Capitol Hill and yelled hello. "He knew exactly who I was after all this time," Jack says. "I was amazed."Lisa JackDoubt
On a dare from a skeptical friend, Jack decided to track down her negatives from the shoot.Lisa JackSearcher
Initially, before she dug the film out from her basement, Jack never thought her pictures would have much life beyond her own darkroom.Lisa JackSmile
When she found them, the images of Obama "blew me away," she says. "I had no idea I'd taken a whole roll of film."Lisa JackCharm
For a while, Jack put the negatives in a safety-deposit box, so that they could not be used until after the election, when there would be no chance they could be used for a political purpose.Thoughtful
Today, Jack says, she hopes the photos reveal a "spirit of fun and thoughtfulness."Lisa JackThe Man Who Would Be President
"I'm not political," Jack says, "(But) these are historic photos and they should be shared."Lisa Jack
