Big boost to Stanford's financial aid program

Rick Shaw, dean of undergraduate admission and financial aid, discusses Stanford's enhanced financial aid program, under which parents with incomes of less than $100,000 will no longer pay tuition. Parents with incomes of less than $60,000 will not be expected to pay tuition or contribute to the costs of room, board and other expenses. Students will still be expected to contribute their earnings from work during the summer and academic year.