Stanford offers free tuition for families making less than $125K

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STANFORD, Calif. -- Stanford University accepts only five- percent of students who apply there.

But, the school has just sweetened the package for those who get in.

Any student, whose family earns less than $125,000 a year, now gets a free ride.

No tuition. Not a penny.

Any family that earns less than $65,000 a year won't have to pay for room and board - in addition to the free tuition.

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