What scholarships Stanford MBA offer?

Asked by Abhishek Kumar 3 months ago

Answers 5
Prateeksha  Manral

Prateeksha Manral

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MentR-Me Team

Stanford Graduate School of Business offers specific tuition rates tailored to different student circumstances. For single students, the tuition fees for the Stanford MBA program amount to $82,455 per year. Similarly, married students also pay the same tuition fees of $82,455 per year. These alternative tuition rates ensure fairness and equality across different student demographics.

Types of Aid

  • Stanford GSB Need-Based Fellowships
  • Stanford GSB BOLD Fellows Fund
  • Stanford Knight-Hennessy Scholars Program
     

By providing separate rates for single and married students, Stanford acknowledges the diverse needs and circumstances of its student body. This approach allows students to plan for their MBA education more effectively, taking into account their situations. Additionally, it reflects Stanford's commitment to accessibility and inclusivity, ensuring that all students have equitable access to the same educational opportunities regardless of their marital status.


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Rohan Dharamchand

Rohan Dharamchand

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MentR-Me Team

SEO Executive

Stanford's MBA program is renowned not only for its academic excellence but also for its extensive financial aid offerings aimed at a diverse student body. The Stanford GSB Fellowships, awarded purely based on financial need, provide substantial support, with the average fellowship providing approximately $88,000 over two years. Additionally, the Knight-Hennessy Scholars Program stands out by offering a full scholarship and stipend for up to three years to students committed to making a global impact.

This program is part of Stanford's holistic approach to education, supporting a broad spectrum of students, including those from underrepresented groups or those pursuing careers in less lucrative sectors through specific initiatives like the Social Impact Loan Forgiveness and BOLD Fellows Fund. The variety and depth of these programs reflect Stanford's commitment to accessibility and leadership development across the global community.


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Preeti Singh

Preeti Singh

Senior Consultant

Stanford Graduate School of Business (GSB) offers a range of scholarships aimed at making its prestigious MBA program accessible to students from diverse financial backgrounds. Here are the primary scholarships and financial aid options available: 

Need-Based Fellowships: Stanford GSB is committed to providing need-based financial aid. These fellowships are awarded solely on the basis of financial need, which is determined by assessing your income, assets, and other financial resources. There is no separate application for these fellowships; all admitted students are automatically considered. 

Stanford Reliance Dhirubhai Fellowships for Indian Students: This fellowship targets exceptional Indian students who require financial assistance. It covers up to 80% of the tuition costs. Recipients are expected to return to India and contribute to the country’s development for at least two years post-MBA. 

The McCaw Family Fellowships: Established to support students who demonstrate significant financial need, this fellowship is one of the many examples of Stanford’s commitment to economic diversity. 

Global Scholarships: Stanford also offers scholarships for students from various regions, including Africa, Latin America, and Asia. These scholarships aim to foster a diverse and inclusive student body. 

Loan Forgiveness Program: For graduates who pursue careers in the nonprofit or public service sectors, Stanford GSB offers a loan forgiveness program. This program helps alleviate the financial burden of student loans, making it easier for graduates to work in lower-paying, but impactful, roles. 

External Scholarships and Fellowships: Many Stanford GSB students also apply for external scholarships. Organizations such as the Fulbright Program, the Forté Foundation, and the Consortium for Graduate Study in Management offer substantial funding opportunities. 

Stanford GSB encourages prospective students to explore all available financial aid options and apply early. Planning ahead and thoroughly researching these opportunities can significantly reduce the financial stress of an MBA program, allowing students to focus on their studies and future careers. 

 

 

 

 


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Nityam Raghvan

Nityam Raghvan

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MentR-Me Team

Stanford Graduate School of Business (GSB) offers several types of scholarships and financial aid to support its students. Here’s an overview of the primary options available:

1. Stanford GSB Fellowships: These are need-based awards given to students who demonstrate significant financial need. On average, these fellowships amount to around $44,000 per year, totaling approximately $88,000 over the two-year MBA program. Nearly half of Stanford MBA students receive these fellowships​.

2. Knight-Hennessy Scholars Program: This prestigious scholarship supports up to 100 high-achieving students from across Stanford’s graduate programs each year. Knight-Hennessy Scholars receive funding for up to three years, which covers tuition, associated fees, a stipend for living expenses, and an annual travel allowance. This program also includes a leadership development component and additional funding for academic enrichment activities.

3. BOLD Fellows Fund: The Building Opportunities for Leadership Diversity (BOLD) Fellows Fund offers up to $15,000 per year for students who face financial hardships and are committed to advancing diversity, equity, and inclusion. To be eligible, students must demonstrate financial need and complete a supplemental application in addition to the standard financial aid application.

4. External Scholarships: Stanford encourages students to seek external scholarships. If the external scholarship is less than $40,000, it does not reduce the Stanford GSB fellowship. This can help students significantly reduce their debt load while pursuing their MBA.

5. Employer Sponsorship: Some students receive financial support from their employers. This support is considered an external resource, and those receiving employer sponsorships typically are not eligible for Stanford GSB fellowships. Students are advised to carefully understand the repayment terms if they do not return to their sponsor after graduation.

6. Loans: While scholarships and fellowships form a significant part of the financial aid, loans are also available to cover the remaining costs. Stanford GSB offers various loan options, including federal loans for U.S. citizens and private loans for international students​.

These scholarships and financial aids ensure that financial constraints do not hinder talented individuals from obtaining a world-class education at Stanford GSB.


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XAVIAR X

XAVIAR X

MentR-Me
MentR-Me Team

Study abroad expert

Stanford MBA offers a variety of scholarships and financial aids to help students manage their education costs. The primary financial aid comes in the form of need-based fellowships, which are essentially grants that do not need to be repaid. Approximately half of the MBA students at Stanford receive fellowship funds. The average fellowship amount is about $44,000 per year, totaling $88,000 for the two-year program​.

One significant scholarship is the Knight-Hennessy Scholars program. This program offers funding for up to three years of graduate study at Stanford, including the MBA. It aims to build a multidisciplinary and multicultural community of future global leaders​.

Another notable scholarship is the BOLD Fellows Fund, which supports students from diverse backgrounds who demonstrate financial need and a commitment to advancing diversity, equity, and inclusion. Awards can reach up to $15,000 per year​.

For Indian students, the Stanford Reliance Dhirubhai Fellowship provides financial support, enabling them to pursue their MBA at Stanford.

Additionally, Stanford participates in the Yellow Ribbon Program for U.S. military veterans, matching tuition fees not covered by the Post-9/11 GI Bill.


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