Full-time undergraduate tuition was $42,690 for 2013–2014.  Stanford's admission process is need-blind for US citizens and permanent residents; while it is not need-blind for international students, 64% are on need-based aid, with an average aid package of $31,411.  In 2012–13, the university awarded $126 million in need-based financial aid to 3,485 students, with an average aid package of $40,460.  Eighty percent of students receive some form of financial aid.  Stanford has a no-loan policy.  For undergraduates admitted in 2015, Stanford waives tuition, room, and board for most families with incomes below $65,000, and most families with incomes below $125,000 are not required to pay tuition; those with incomes up to $150,000 may have tuition significantly reduced.  17% of students receive Pell Grants,  a common measure of low-income students at a college.