Financial Aid News for Homeowners

Illustration: alla_snesar

Stanford families who own homes in high-cost areas of the United States will no longer have to worry about how their home value could affect their student’s financial aid. In December, the Board of Trustees announced that beginning with the 2019-20 school year, the university will no longer consider home equity in calculating undergraduate financial aid. This policy builds on a long-standing commitment to making Stanford accessible to low- and middle-income families: Assuming their assets are typical for their income level, U.S. parents with annual incomes below $65,000 are not expected to contribute to educational costs; those earning less than $125,000 do not pay tuition.

Kathy Zonana, ’93, JD ’96, is the editor of Stanford.