No Tuition for Lower-Income Students at Brown Univ.

Great news! Brown University is eliminating tuition for students whose parents earn less than $60,000!!!

The university also plans to substitute grants for student loans in the financial aid packages of students whose families earned less than $100,000 a year. The new program could cut reliance on loans for most students.

Brown's tuition for the 2008-9 academic year is $36,928.
With room and board, the costs are $47,740 for one year.

Brown is following similar moves by Harvard, Yale, Dartmouth and Stanford as their endowments grew significantly in recent years. And the trend is likely to continue for the top private universities with huge endowments.