Free tuition @ Stanford University

Stanford University announced this morning that the school will give free tuition and free room and board to students from lower and middle-income families who meet certain guidelines, under an expanded financial-aid program. Visit here for detail.

Stanford is adding $20.7 million to its financial aid program - the largest single increase in the school's history - a move that means students from families with incomes of less than $100,000 will no longer pay tuition.

Students whose family incomes are less than $60,000 will also not have to pay the costs of room, board and other expenses.

"Families with incomes above $100,000 are going to see much more generous treatment than they have in previous years. We'll still be doing a traditional analysis of their need. We've changed some of the ways we look at that, so it's a more generous assessment."