TUITION UP 4 PERCENT The Board of
Trustees has approved a 4 percent increase in
undergraduate tuition for
1997-98, raising the annual cost to $21,300. The percent increase is
identical to last years, which was the smallest in three decades. The
trustees also raised the room and board rate by 3 percent, to $7,557,
which puts the overall cost for tuition, room and board at $28,857.
Robert Bass, chairman of the trustees, said that the board is concerned
about the level of tuition and has tried to keep it consistent with the
growth in family income. Substantial reductions in administrative costs
over the past five years have made the lower tuition increases at
Stanford possible, said university budget official Tim Warner. The
trustees also raised the 1997-98 tuition for the professional schools by
IN THE BEST SILICON VALLEY STYLE At the
ripe old ages of 28 and 30, respectively, Chih-Yuan Jerry Yang and
David Filo have donated $2 million to establish a new endowed chair in
the School of Engineering.
Yang and Filo
of Yahoo! the first
online directory for the World Wide Web are the youngest
individuals to have endowed a chair at Stanford in the last 22 years.
Stanford was an integral part of the creation of Yahoo!, Yang said.
Through the endowment of a professorship, David and I feel that we can
give back to the university by providing a long-term resource. Yang and
Filo, who earned masters degrees in electrical engineering in 1990,
have requested that the holder of the professorship focus on technology
and have demonstrated experience with entrepreneurship. The Yahoo!
directory started as a hobby when Filo and Yang were working on their
doctorates in the Computer Systems Laboratory. The company that grew out
of that hobby reported revenues totaling $8.6 million for the fourth
quarter ended Dec. 31, 1996. The Yahoo! chair is one of 12 endowed
professorships that have been