Home Tuition and Fees Stanford Tuition 2023: Cost of Attending the University

Stanford Tuition 2023: Cost of Attending the University

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When selecting a graduate program, one of the most important factors to consider is cost. Learn more about Stanford tuition, besides our tuition and fees.

Stanford Tuition

Tuition and Cost

The Board of Trustees announced that tuition will rise by 4% and room and board will rise by 4.25% for the 2023-23 school year. This raises the total undergraduate charges for next year from $75,343 to $77,034.

Tuition for graduate programs will also rise by 4%, though some professional programs may see smaller increases, which will be announced on the registrar’s website.

Although Stanford’s tuition increased at an average rate of 3.25% from 2010 to 2023, the Board of Trustees voted to freeze tuition for the 2023-2023 school year in response to the financial burdens placed on students and families during the COVID-19 pandemic.

Stanford Tuition Student Expenses

Budget Item 2023-2023 Academic year
Tuition $57,693
Room and Board $18619
Student Fee Allowance $2,145
Books and Supplies Allowance $1,350
Personal Expenses Allowance $2,355
Travel Varies
Total $82,162

Stanford Tuition Financial Aid Statistics 

Financial aid is money given to students to help them pay for college. They usually give it based on need or merit.

Need-based aid is determined by your or your family’s showed ability to pay for college, as calculated by the Free Application for Federal Student Aid, known as the FAFSA.

Stanford University’s first-year students received an average need-based scholarship or grant of $62,500. In addition, in fall 2023, 48% of first-year students received need-based financial aid.

Need-based self-help aid includes federal loans and work-study. The average need-based self-help aid awarded to first-year students was $3,500. Stanford University met 100% of its students’ financial aid need.

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Click on Financial Aid Website to learn more on the Stanford Tuition’s Financial aid.

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Stanford Tuition Student Loan Debt

How much student loan debt you accumulate can have a long-term financial impact on your life after college. Ideally, your total student loan debt should be less than your expected starting salary after graduation.

The median federal loan debt among borrowers who completed their undergraduate degree at Stanford University is $12,000. The median monthly federal loan payment for student federal loan borrowers who graduated is $120 (if repaid over 10 years at 5.05% interest).

3% of Stanford University’s graduating students took out private loans. At graduation, students with private loans owed an average of $46,692 in private loan debt.

Scholarships

Scholarships are a type of funding that does not require repayment. Need-based scholarships consider a student’s financial situation. Merit-based scholarships are given to students who have excelled in academics or sports.

You may also be eligible for a scholarship based on your community service, unusual hobbies or characteristics, personal background, or a parent’s employer or military affiliation.

Some students receive scholarship funds sufficient to cover their tuition and living expenses.

Student Works for Stanford Tuition

Working while in school can help you pay off your student loans faster. Schools provide work-study programs and campus jobs to students who want to earn money in their spare time. Some institutions assign work-study positions to students, while others require them to apply for the positions as they would for any other job.

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Start your job search by seeing if your college has any in-person or online job boards. Speak with professors, classmates, or career counselors for help in finding a job that is related to your major and interests.

Does Stanford Give Full Tuition?

Almost half of all undergraduates at Stanford receive need-based financial aid. They waived tuition for families earning less than $150,000 with assets typical of that income level.

Families earning less than $75,000 with assets typical of that income level are not required to pay tuition or room and board.

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How do you Get a 100% Scholarship at Stanford?

Not only must you complete your Knight-Hennessy Scholars application, but you must also complete the entire application process, which includes any standardized tests required by your graduate degree program (GMAT, GRE, LSAT, MCAT, and so forth) and an English proficiency test.

What GPA is Required for Stanford?

There is no minimum GPA or test score required, nor is there a set number of AP or honors courses required on your transcript in order for your application to be reviewed or admitted to Stanford.

Is Stanford Worth the Cost?

Stanford University is ranked #2,160 out of 2,223 in terms of overall value. We believe they overpriced Stanford University for the quality education it provides, based on our analysis of other colleges at comparable price points.

How Hard is it to Get into Stanford?

Stanford is one of the most difficult schools to get into. The university typically accepts less than 5% of applicants, and only 3.95% were admitted for the Class of 2025.

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Is Stanford Generous with Financial Aid?

How Aid Functions. In recent years, over 80% of our students have received financial assistance to attend Stanford.

Stanford provides financial aid to over 55% of students, including athletic scholarships. Stanford provides need-based scholarships to 48% of students, who pay an average of $12,800 in tuition.

Is Stanford an Ivy League?

Stanford University, Duke University, and Penn State University are not members of the Ivy League. It’s common for people to believe that most or all prestigious and highly selective schools are part of the Ivy League.

This occurs frequently because many people mistakenly associate prestige and selectivity with the Ivy League.

We believe this article has done justice to the Stanford Tuition. Please keep visiting our page for more articles like this.

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