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Our highest priority is that Stanford remains affordable and accessible to the most talented students, regardless of their financial circumstances, said Provost John W. Etchemendy in a statement.

In what appear as a respite for thousands of student and also as a lenient tuition fees policy, Stanford University, USA, has lately decided to waive tuition fees for poor students.

Our highest priority is that Stanford remains affordable and accessible to the most talented students, regardless of their financial circumstances, said Provost John W. Etchemendy in a statement.

Our generous financial aid program accomplishes that, and these enhancements will help even more families, including those in the middle class, afford Stanford without going into debt, added Etchemendy.

Those students whose family annual income is less than $ 125, 000 are exempted from tuition fees and whose families assets does not exceed $300, 000 are eligible. Family assets includes home equity except retirement saving accounts. Tuition fees can go up to $46, 000 annually while accommodation charges to $ 14,000 per year. However,  students coming from a family whose annual income doesn't exceed $ 65, 000 will not have to pay accommodation fees.

Stanford University will not exempt the entire fees. Students have to pay at least $ 5,000 by means of part-time jobs or summer jobs to the varsity.

There are universities like Princeton, Harvard, and Yale that waive tuition fees for those whose family income is less than $ 120, 000 per year and free accommodation to those whose family income does not exceed $ 60, 000 per year.

The primary objective of these universities is to provide education for poor students and prevent them from heavy education debt since the cost of education in the US has been steadily increasing in the last ten years. Stanford University claimed that 77 per cent of its graduate students are debts free unlike most graduates from other universities in US which are debt ridden by the time they graduated.

The United State President Barack Obama had vouched to make community colleges free for high school pass-outs with good GPAs earlier this year. Some community colleges in states such as Tennessee and Chicago have adopted free tuition fees model in order to made education accessible to all.