BOARD BATTLES TO KEEP FEES DOWN FOR STANFORD.Byline: Michelle Levander Knight-Ridder Tribune News Wire Stanford University Stanford University, at Stanford, Calif.; coeducational; chartered 1885, opened 1891 as Leland Stanford Junior Univ. (still the legal name). The original campus was designed by Frederick Law Olmsted. David Starr Jordan was its first president. tuition will rise by a relatively modest 4 percent next fall, but a student will still have to shell out a cool $28,857 for a year of schooling, room and board. Tuition alone will cost $21,300 for the 1997-'98 school year, an $810 increase. Room and board costs will rise 3 percent to $7,557. It is the second consecutive year Stanford trustees have held the tuition increase to four percent - its lowest hike in three decades. ``Obviously we are concerned about the level of tuition. We have tried to keep it consistent with the growth in family income,'' Robert Bass Robert Muse Bass is a Texas billionaire worth approximately $5.46 billion as of 2006. Born into an extremely wealthy family with an uncle, Sid Richardson, worth $810 million, he and his three brothers Lee Marshall Bass, Ed, and Sid Richardson Bass all attended Yale University, , the Texas billionaire who chairs the Stanford board of trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. said in a university statement. Even with the low increase, however, Stanford's tuition is pricey. Sixty percent of its students receive financial aide, with need-based scholarships averaging $12,600. Nationally, tuition hikes are slowing because of record-low inflation and burgeoning university endowments spawned by a continuing bull market on Wall Street. In setting its prices, Stanford could count on an endowment fund Noun 1. endowment fund - the capital that provides income for an institution endowment patrimony - a church endowment chantry - an endowment for the singing of Masses which grew by a whopping 17 percent last year. That's slightly below the national average, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a newly released survey of more than 400 institutions, but still a strong performance. University endowments nationally grew by 17.2 percent last year and by 15.5 percent the year before. By comparison, endowments grew by only 2.9 percent in 1994. Stanford officials said cost-cutting and contracting out also helped keep expenses - and tuition - down. Since 1989, according to Vice Provost Tim Warner, the university has made more than $50 million in budget cuts. ``I guess this happens every year, so it's not a big surprise,'' said junior Migdalia Gamboa, 20, a human biology Human biology is an interdisciplinary academic field of biology, biological anthropology, and medicine which focuses on humans; it is closely related to primate biology, and a number of other fields. major. She receives about $22,000 in aid and makes up the rest with her earnings from the Stanford Book Store. Tuition pays for 60 percent of the cost of a Stanford undergraduate education undergraduate education Medtalk In the US, a 4+ yr college or university education leading to a baccalaureate degree, the minimum education level required for medical school admission; undergraduate medical education refers to the 4 yrs of medical school. Cf CME. . Last year, close to one-fourth of Stanford's revenues - $258.8 million - came from student tuition and fees. |
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