Stanford University Increases Financial Aid for Students

Stanford University has announced an increase in financial aid it offers to students by increasing the income thresholds at which parents will not need to contribute to ward educational costs.

Thus, those with annual family incomes below $125,000 and typical assets will receive tuition waivers.

Previously, the income threshold was at $100,000 and typical assets.

Further, there will be zero parental contribution toward tuition, room or board for parents with annual incomes below $65,000 -previously $60,000 -and typical assets.


Since 2008-09, Stanford has provided two simple benchmarks that make it easy for prospective students to understand the possibilities for getting financial support from Stanford.

Scholarship or grant funds will be provided to cover these costs in lieu of a parental contribution.

Students will still be expected to contribute toward their own educational expenses from summer income, savings and part-time work during the year.

Stanford University Increases Financial Aid

Students are expected to contribute at least $5,000 per year from these sources but are not expected to borrow to make the contribution.

Families with incomes at higher levels, typically up to $225,000, may also qualify for financial assistance, especially if more than one family member is enrolled in college.

The financial aid expansion for 201516 will allow Stanford to reduce the expected parental contribution for many families at these higher income levels.

Source: TOI

For Quick Alerts
For Daily Alerts

Select a Field of Study
Select a Course
Select UPSC Exam
Select IBPS Exam
Select Entrance Exam

Thousands of Careerindia readers receive our evening newsletter.
Have you subscribed?

For great career opportunity, get instant updates on Education, Career & Job

Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Careerindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Careerindia website. However, you can change your cookie settings at any time. Learn more