Incoming students have several financial aid options at Stanford to make their college choice a reality. For parents with annual incomes below $125,000 and typical assets, Stanford expects no tuition payments. With parental incomes below $65,000 Stanford expects no tuition, room or board payments.
Currently, 77 percent of Stanford undergraduates graduate with no student debt.
Families with incomes at higher levels may also qualify for financial assistance, especially if more than one family member is enrolled in college. Annual costs for a typical Stanford student total roughly $65,000 before financial aid.
Most graduate students at Stanford need help to pay for their educational expenses. Sources of funding range from government agencies, employers and foundations to academic departments and schools. Financial assistance can be divided into three broad categories:
Grants, Scholarships and Fellowships — Does not need to be repaid upon completion of enrollment.
Loans — Funds advanced to you by a governmental or private lender, to be repaid (or possibly forgiven) after graduation.
Earnings — Wages paid for research, teaching or other work performed during enrollment.
We strongly recommend that you investigate all possible funding options in order to maximize your grants and scholarships and minimize loan obligations.
Stanford Graduate Fellowships. These support 65-70 engineering graduate students. Note that all offers of financial aid to grad students are included in the department's offer of admission. No separate application is required or accepted.
Knight-Hennessy Scholars. This Stanford scholarship program awards up to 100 high-achieving students every year with full funding to pursue a graduate education at Stanford. To be considered, you must apply to Knight-Hennessy Scholars by September 27, 2017, and separately apply to the department where you would like to study by November 15, 2017.
Stanford has a limited amount of financial aid for international students. International students needing assistance must make that indication on the admission application. Applicants who are admitted with eligibility for aid will be awarded assistance from institutional funds based on their family financial circumstances.