Stanford University Scholarship: How Aid Works
Standford University Scholarship
Stanford University Scholarship: How Aid Works
When considering a Stanford education, you and your family may be concerned about the high costs. The Financial Aid Office is ready to help. We view the financing of your educational costs as a partnership between you (the student), your family and the University. Our aid program is designed to ensure that your family’s economic circumstances will not prevent you from being able to enroll at Stanford.
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Stanford University: Determining Eligibility
Their financial aid program is need-based, meaning that all aid eligibility is determined by the applicant’s family’s financial circumstances. “While you and your parents have the primary responsibility for paying for college, financial aid can bridge the gap between the total costs and your ability to pay,” Standford University stated.
“We use a standard method to carefully review your family’s financial circumstances and establish an expected contribution from you and your parents. If we determine that you cannot meet the student budget based on that calculated amount, we will award or recommend scholarships, grants or other resources to help you.”
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Average Scholarship/Grant for the Class of 2027
The average amount of Scholarship and Grant from all sources received by need-based aid recipients in the current freshman class is $70,349. This includes $62,898 average scholarship from Stanford as well as grant funds received from federal, state and private resources. The table below shows the average total scholarship and grant by income range for dependent students whose families live in the United States.
| Total (Gross) Family Income | Average Scholarship and Grant | Average Net Cost | % of applicants who qualify for scholarship aid from Stanford |
|---|---|---|---|
| Less than $ 75,000 | 92,303 | 4,380 | 98% |
| 75,001 – 100,000 | 87,348 | 5,890 | 97% |
| 100,001 – 125,000 | 76,834 | 13,201 | 97% |
| 125,001 – 150,000 | 69,600 | 19,979 | 100% |
| 150,001 – 200,000 | 57,205 | 31,459 | 94% |
| 200,001 – 250,000 | 44,645 | 45,520 | 89% |
| 250,001 – 300,000* | 34,919 | 54,748 | 75% |
| 300,001 – 350,000* | 25,347 | 64,234 | 57% |
| 350,001 – 400,000* | 23,511 | 65,986 | 41% |
| Greater than $400,000* | 11,544 | 78,712 | 14% |
| *most who qualify have 2 (or more) children in college | |||
Eligibility for Stanford Scholarship funds is based not only on family income level, but also on the size of the family, number of family members in college and family assets among other factors. This explains why not every applicant at a particular income level may qualify for assistance.
Average Net Cost is the amount of the average individual student budget that’s not covered by gift funds, in other words, the amount for which the student and parents, when appropriate, are responsible. Direct costs such as tuition, mandatory fees, room and board as well as indirect costs like books and supplies, a reasonable allowance for personal expenses and round trip travel expenses to and from home and campus are included in this calculation.
Prospective students and parents are encouraged to use their Net Price Calculator to obtain an individualized estimate of eligibility for need-based financial aid from Stanford.
Credit: Stanford University
