Financial Aid at Stanford GSB | Summary and Q&A

TL;DR

Stanford GSB offers need-based financial aid to admitted students, taking into consideration their unique financial situations and providing both fellowships and loans.

Key Insights

• 🦻 Stanford GSB's financial aid process is need-based and aims to provide equitable support to admitted students.
• 🧑‍🎓 Students' income, assets, and unique financial situations are considered when determining fellowship eligibility.
• 🦻 International students are treated the same as US citizens and permanent residents for financial aid purposes.
• 🧑‍🏭 The cost of attendance takes into account factors such as tuition, living expenses, and family size.
• 💦 Stanford GSB offers a loan forgiveness program for those working in non-profit or public service sectors.
• 🦻 The financial aid office at Stanford GSB encourages applicants to communicate any special circumstances that may impact their financial aid eligibility.
• 🧑‍🎓 A financial aid calculator is available on the My GSB website to help admitted students estimate their student contribution and need-based fellowship eligibility.

Transcript

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Questions & Answers

Q: How does Stanford GSB determine a student's fellowship eligibility?

Fellowship eligibility at Stanford GSB is determined by assessing the student's income and assets to determine their student contribution. This contribution, along with a base loan, is deducted from the cost of attendance to determine the financial need. Need-based fellowships are awarded based on this need, with the remaining portion covered by loans.

Q: Can unique financial circumstances be taken into account during the application process?

Yes, Stanford GSB provides a section in the financial aid application for students to highlight any unique financial situations. These circumstances are reviewed on a case-by-case basis to consider their impact on the student's financial aid eligibility.

Q: Is there loan forgiveness for non-profit or public sector work?

Yes, Stanford GSB offers a loan forgiveness program for MBA and MSx alumni working in the non-profit or public service sectors. This program provides financial support for those pursuing careers in these areas.

Q: How are international students treated in terms of financial aid eligibility?

Both international students and US citizens/permanent residents are treated the same for financial aid purposes at Stanford GSB. The financial aid algorithm calculates need-based aid eligibility without differentiation based on citizenship.

Summary & Key Takeaways

• Stanford GSB's admission process is need-blind, meaning financial circumstances are not considered when making admissions decisions.

• The financial aid process at Stanford GSB is need-based and aims to provide consistent and equitable support to students, ensuring access and excellence.

• The cost of attendance is determined based on factors such as tuition, living expenses, and family size, and students may be eligible for need-based fellowships and loans.