Stanford offers free tuition for families making less than $125,000

April 1, 2015 7:18 PM

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Last week, 2,144 teenagers got the news they'd long dreamed of: they got accepted to Stanford University.

The cherry on top is that Stanford also announced it was expanding financial aid. The university said that no parents with an annual income and typical assets of less than $125,000 will have to pay a single cent toward tuition. The threshold for this aid was previously $100,000.

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