Stanford is known for consistently ranking as one of the top 10 universities in the country. Stanford University tuition, at $56,169 for the 2021-22 school year, is higher than the average for four-year private nonprofit institutions in the U.S. of $35,807 per year.
Related: MIT tuition and fees
Generally, financial aid is monetary assistance awarded to students based on personal need and merit. Students that qualify for financial aid can use it to pay for college costs like tuition, books, and living expenses.
The federal government is the largest provider of student financial aid. However, aid can also be given by state governments, colleges and universities, private companies, and nonprofits. The different types include:
- Scholarships: These can be awarded by schools and other organizations based on students’ academic excellence, athletic achievement, community involvement, job experience, field of study, and financial need.
- Grants: Generally based on financial need, these can come from federal, state, private, and non-profit organizations.
- Work-study: This federal program provides qualifying students with part-time employment to earn money for expenses while in school.
- Federal student loans: This is money borrowed directly from the U.S. Department of Education. It comes with fixed interest rates that are typically lower than private loans.
- Colleges, universities, and state agencies use the Free Application for Federal Student Aid (FAFSA) to determine financial aid eligibility. The FAFSA can be completed online, but note that state and federal and school deadlines may differ.
- You can find other financial aid opportunities on databases such as:
- US Department of Education – Search for grants from colleges and universities by state
- College Scholarship Service Profile (CSS) – A global college scholarship application used by select institutions to award financial aid
Private Student Loans
Private loans are funded by private organizations such as banks, online lenders, credit unions, some schools, and state-based or state-affiliated organizations. While federal student loans have interest rates that are regulated by Congress, private lenders follow a different set of regulations so their qualifications and interest rates can vary widely.
What’s more, private loans have variable or fixed interest rates that may be higher than federal loan interest rates, which are always fixed. Private lenders may (but don’t always) require you to make payments on your loans while you are still in school, compared to federal student loans which you don’t have to start paying back until after you graduate, leave school, or change your enrollment status to less than half-time.
Private loans don’t have a specific application window and can be applied for on an as-needed basis. However, if you think you may need to take out a private loan, it’s a good idea to submit your FAFSA first to see what federal aid you may qualify for as it generally may have better rates and terms.
If you’ve missed the FAFSA deadline or you’re struggling to pay for school throughout the year, private loans can potentially help you make your payments. Just keep in mind that you will need enough lead time for your loan to process and for your lender to send money to your school.
Recommended: Guide to Private Student Loans
Projected 4-Year-Degree Price
Here’s some California Student Loan & Scholarship Information for you.
Undergraduate Tuition and Fees
Costs for 2021-22
Covering Stanford University costs is more than just tuition, which is $56,169. You also have to factor in room and board costs, which run $17,860, making your total, not including books and expenses, $74,029 a year.
Graduate Tuition and Fees
Costs for 2021-22
Tuition for graduate school at Stanford was $54,315 in 2021-22, and there were an additional $696 in fees, making a total of $55,011 to attend graduate school. There are graduate loans available to help with these costs.
Cost per Credit Hour
For students who don’t want to attend Stanford full-time, or who wish to attend summer sessions, the cost per unit is $1,233 per unit. This does not include fees. Our private student loans guide can help you plan for how you’ll finance your education.
Campus Housing Expenses
Costs for 2021-22
*Based on one-bedroom pricing. Average rate based on available apartments on Stanford’s off-campus housing website in 2022.
Stanford has 15 residence halls, as well as apartments and suites and row houses for undergraduates. All first-year students are required to live on campus.
For other students, there is subsidized off-campus housing available near the campus, though be aware that these likely require 12-month leases. Check out this resource to learn more about off-campus housing.
Stanford Acceptance Rate
Now that you know the Stanford University acceptance rate, it’s important to understand the admissions requirements. Stanford University has certain requirements for first-year applicants, as well as recommended documents.
- School report
- Counselor letter of recommendation
- Official transcripts
- Letters of recommendation from two teachers
- Midyear transcript (by February 15)
- Secondary school GPA
- Completion of college-preparatory program
- SAT or ACT scores
The deadline to apply for a standard application is November 1, with a decision given by January 5. Learn more about the application process here.
SAT and ACT Scores
Like many schools, Stanford has waived the requirement for SAT or ACT scores to accompany applications through the 2022-23 school year.
That being said, if you wish to submit yours, you can. Here are the scores by subject at the 25th and 75th percentile:
Popular Majors at Stanford
Stanford offers 69 areas of study to choose from. Here are the most popular.
Undergraduate degrees in 2020-21: 301
2. Computer Science
Undergraduate degrees in 2020-21: 260
3. Human Biology
Undergraduate degrees in 2020-21: 100
Undergraduate degrees in 2020-21: 80
Undergraduate degrees in 2020-21: 61
6. Science, Technology, and Society
Undergraduate degrees in 2020-21: 61
7. Political Science
Undergraduate degrees in 2020-21: 55
Undergraduate degrees in 2020-21: 49
Undergraduate degrees in 2020-21: 41
Undergraduate degrees in 2020-21: 37
Learn more about everything you can major in at Stanford here.
- 4 years: 75%
- 6 years: 94%
Post-Graduation Median Earnings
SoFi Loan Products
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SoFi Private Student Loans
Please borrow responsibly. SoFi Private Student Loans are not a substitute for federal loans, grants, and work-study programs. You should exhaust all your federal student aid options before you consider any private loans, including ours. Read our FAQs. SoFi Private Student Loans are subject to program terms and restrictions, and applicants must meet SoFi’s eligibility and underwriting requirements. See SoFi for more information. To view payment examples, click here. SoFi reserves the right to modify eligibility criteria at any time. This information is subject to change. SoFi Lending Corp. and its lending products are not endorsed by or directly affiliated with any college or university unless otherwise disclosed.
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