Stanford’s comprehensive financial aid program, which has been expanded several times in recent years, will offset the 4% tuition increase for students and families who demonstrate financial need.
The board received updates on civil discourse, deliberative democracy, the Hoover Institution and academic freedom, among other items, during its final meeting of 2021.
Trustees moved forward several building projects and received updates on how the university is raising its sights after the challenging beginning of the pandemic.
Trustees approved the 2021-22 budget, discussed the university’s racial justice initiatives, heard a report on graduate and postdoctoral education, and took action on other items.
New trustee Marc Lipschultz, who earned his undergraduate degree from Stanford in 1991, is president and co-chief investment officer of Owl Rock Capital.
Stanford trustees received briefings on such university initiatives as the new school for climate and sustainability and undergraduate education enhancements, as well as pandemic progress and campus activities.
Undergraduate families with annual incomes below $75,000 will not be expected to pay tuition, room or board at Stanford, up from the current $65,000 threshold. General tuition will not increase in 2021-22, while room and board charges will increase modestly.