The following estimates the cost of attendance, including tuition and other expenses, for a first-year MBA student for the ten-month academic year (15 Sep 2017 – 13 Jun 2018).
|Books and Supplies||1,518||1,518||1,518||1,518|
|Materials & Program Fee||1,155||1,155||1,155||1,155|
Living allowance includes rent, food, and personal expenses for a moderate lifestyle. An additional allowance may be made for eligible dependent children.
Stanford University Cardinal Care medical insurance allowance is included for all students, even if an alternative insurance is used by the student. The single student health insurance rate is quoted for married students on the assumption that the spouse will have separate coverage.
The U.S. Department of Education has established a set of calculations that governs the awarding of federal loans. The federal need analysis system compensates for the cost of additional family members by reducing the amount of income a married student is expected to contribute toward the cost of attendance: the amount is lower than that of a single student with the same income. As such, if a student is a U.S. Citizen or Permanent Resident and married, the cost of attendance that appears on the award letter will reflect that of a single student. Note: fellowship eligibility for married U.S. Citizens and Permanent Residents will be determined based on the married student cost of attendance, and loan eligibility will be determined based on the single student cost of attendance.
There are many ways to meet the Global Experience Requirement (GER). The cost of these expenses may range from $2,200 to $4,000 for the total cost. Global Seminars, Global Study Trips and the Stanford Tsinghua Exchange Program (STEP) that fulfill the GER are eligible for financial aid, both fellowships and student loans. Other options to meet the GER are not included in the cost of attendance, such as the Global Management Immersion Experience (GMIX) and self-directed internships.
The standard budget does not include the cost of a personal computer for the MBA Program. During the two-year program, you may finance a computer purchase with a loan of up to $2,500.
Allowable Budget Adjustments
Federal Regulations specify the components of a student’s cost of attendance. We use a standard budget to determine financial aid eligibility. However, if you have special circumstances, our office may be able to add additional items to your cost of attendance.
Medical Expenses or Childcare Costs
The most common budget allowances are for unusual medical expenses and childcare costs, when both the student and spouse are working or attending school full time. If you can submit documentation of required medical expenses not covered by insurance and/or childcare costs, adjustments may be made to your budget. Most budget adjustments increase your loan eligibility and will not increase your fellowship.
Global Experience Requirement Expenses
Every Stanford MBA student is expected to complete their Global Experience Requirement (GER) prior to winter quarter of their second academic year. The only programs for which the expenses can be allowable budget adjustments are for:
Global study trips
The Stanford Tsinghua Exchange Program
We add the required costs to the student’s budget and the student will be provided financial aid in the form of fellowships (if eligible) and loans to assist in covering these expenses.
We assume that most students already have laptops and will not need to purchase a new one. However, if you do need to purchase a laptop, we will consider a reasonable purchase price for financial aid purposes. Once you have been admitted, you will be provided with more detailed information on how this expense can be incorporated into your cost of attendance.
Travel to and from Home
Students who travel to and from their home can have their flight costs considered as part of the cost of attendance. Stanford GSB allows two round trip tickets to be added to the cost of attendance each academic year. You must purchase the round trip flight and provide our office with the itemized charges in order to have it incorporated into your cost of attendance. This will only apply for travel between Stanford GSB and your home and would only increase your eligibility to borrow additional loan funds.