Wu Tsai Neurosciences Institute. The donation came from Nike co-founder Phil Knight and his wife Penny; hence The Phil and Penny Knight Initiative for Brain Resilience will explore cognitive declines from diseases such as Alzheimer's and Parkinson's. Academics Admissions Stanford is considered by US News to be 'most selective', with an acceptance rate of 4%. Half of the applicants accepted to Stanford have an SAT score between 1440 and 1570 or an ACT score of 32 and 35. Admissions officials consider a student's GPA to be an important academic factor, with emphasis on an applicant's high school class rank and letters of recommendation. In terms of non-academic materials as of 2019, Stanford ranks extracurricular activities, talent/ability and character/personal qualities as 'very important' in making first-time, first-year admission decisions, while ranking the interview, whether the applicant is a first-generation university applicant, legacy preferences, volunteer work and work experience as 'considered'. Teaching and learning Stanford follows a quarter system with the autumn quarter usually beginning in late September and the spring quarter ending in mid-June. The full-time, four-year undergraduate program has arts and sciences focus with high graduate student coexistence. Stanford is accredited by the Western Association of Schools and Colleges. Stanford's admission process is need-blind for U.S. 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 starting 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. Seventeen percent of students receive Pell Grants, a common measure of low-income students at a college. In 2022, Stanford started its first dual-enrollment computer science program for high school students from low-income communities as a pilot project which then inspired the founding of the Qualia Global Scholars Program. Stanford plans to expand the program to include courses in Structured Liberal Education and writing. The Cantonese language had classes at Stanford until 2020, when the remaining Cantonese instructor was laid off. Research centers and institutes Stanford is classified among "R1: Doctoral Universities