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 and separately apply to the department where you would like to study.
All SoE PhD students who are in good standing relative to their PhD program requirements should be funded to the department’s 20-hour RA level (which provides full payment of tuition and a salary/stipend consistent with the SOE-recommended minimum stipend). Arranging for this funding is the responsibility of the department and the faculty PhD advisor and can include fellowships, research assistantships, training grants, and teaching assistantships.
Often, our PhD students apply for and may receive individual fellowships that can reduce the department’s or advisor’s cost of funding. In these cases, the guarantee of funding to the student will include the fellowship award and additional support from the department/advisor to reach the department-standard level. For educational purposes, departments and advisors may encourage their students to apply for such fellowships and provide resources to strengthen their applications; however, no department or faculty member may require students to obtain external individual funding or to “self-fund” as a condition of admission, entry to or continuation in the PhD program.
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.