Jan

2025

Is 400 a Good Credit Score?

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Is 400 a Good Credit Score?

What Does a 400 Credit Score Mean?

A credit score is a three-digit number that lenders use to determine how much risk you pose as a borrower. It’s calculated using information found in your credit reports, including your history of on-time payments, how much available credit you’re using, and the length of your credit history. When you apply for personal loans or any other types of credit, the prospective lender will likely use your credit score as one factor in deciding whether to approve your application.

FICO’s scoring model, which is used in the vast majority of lending decisions, categorizes its scores as follows:

• Poor: 300 to 579

• Fair: 580 to 669

• Good: 670 to 739

• Very Good: 740 to 799

• Exceptional: 800 to 850

As you can see, a 400 credit score falls at the low end of the FICO® credit score range and is considered “poor.” A borrower with this score may have had issues paying back their debt or lack a credit history. According to Experian, 12.6% of U.S. consumers have credit scores in the poor range.

What Else Can You Get with a 400 Credit Score?

A 400 credit score is likely to negatively impact your ability to get just about any type of credit. Because it’s on the low end of possible credit scores, lenders may see you as a risky borrower.

Here’s how a 400 FICO Score can affect your chances of getting different types of credit:

Can I Get a Credit Card with a 400 Credit Score?

With a 400 credit score, you’re unlikely to be approved for nearly any type of credit card. Credit cards are typically unsecured forms of debt, meaning they’re not backed by a deposit or asset. Because of this, banks generally prefer cardholders with a higher credit score, as it suggests responsible credit usage.

But all is not lost. If you have a 400 credit score, you can apply for a secured credit card. It’s similar to an unsecured card except that you may be required to make a deposit equal to your credit limit. Another option is to be added as an authorized user on someone else’s credit card.

Can I Get an Auto Loan with a 400 Credit Score?

Though difficult, you might be able to qualify for an auto loan with a lower credit score, though you’ll likely pay substantially higher interest compared to the average borrower. As of December 2024, the average borrower with a 661-780 credit score paid an APR of 5.82% for a new car and 7.83% for a used car. An average borrower with a credit score between 300-500 paid an APR of 13.42% for a new car and 20.62% for a used car.

If you are unable to come up with the full amount of the car’s price, you may choose to look into buying your car from a private party or from a “buy here, pay here” dealer that keeps their auto financing in-house. These types of auto dealers often issue loans to people with poor credit scores as long as they have sufficient income and down payment. However, these loans usually come with some drawbacks, including significantly higher interest rates and fees.

Recommended: Smarter Ways to Get a Car Loan

Can I Get a Mortgage with a 400 Credit Score?

It will almost certainly be impossible to be approved for a conventional mortgage with a credit score of 400. Fannie Mae and Freddie Mac both require a minimum credit score of 620 for a fixed-rate mortgage, along with a minimum 3% down payment and strong debt-to-income ratio.

If you’re able to raise your credit score and strengthen your finances, an FHA loan may be more within reach. It has a minimum credit score of 500 with a 10% down payment.

Can I Get a Personal Loan with a 400 Credit Score?

You may be able to get a personal loan or credit card consolidation loan with a 400 credit score, but as with other types of loan products, your options will likely be limited. Many lenders have a minimum credit score that is above 400, so you may have a smaller choice of available lenders and programs. Additionally, you may be charged a higher interest rate than those with better credit scores. Check out our personal loan calculator to see what options might make sense for your specific situation.

The Takeaway

FICO credit scores are one of the most popular types of credit scores currently used, ranging from 300 to 850. A 400 credit score is at the low end of the “Poor” range and may make it difficult for you to get approved for any lending products, including credit cards, mortgages and other types of loans. Even if you are approved, you will almost certainly be charged a higher interest rate than borrowers with better credit scores. That could make the cost of borrowing higher than is financially feasible, and it may make better sense to work on improving your credit score first.

Think twice before turning to high-interest credit cards. Consider a SoFi personal loan instead. SoFi offers competitive fixed rates and same-day funding. See your rate in minutes.

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SOPL-Q424-028

Jan

2025

Cornell University Tuition and Fees

By Jenni Bojanin | Uncategorized | Comments Off

Cornell University Tuition and Fees

Cornell University is a private, not-for-profit Ivy League research university located in Ithaca, New York. Degrees offered range from bachelor’s to doctorates. This post will guide you through Cornell tuition, admissions requirements, acceptance rate, financial aid statistics, popular majors, and more.

Total Cost of Attendance

Founded in 1865, Cornell University has a long list of “firsts”: It had the first professorships in the United States for American history, American literature, and musicology, and the first four-year schools for hotel administration and for industrial and labor relations. Cornell awarded students the first journalism degree, the first veterinary science degree, and much more.

Cornell University tuition for the 2023-24 academic year was $66,014. That’s up slightly from the year before, as you’ll see from these previous Cornell tuition figures:

• 2022-2023: $63,200

• 2021-2022: $61,015

• 2020-2021: $59,282

• 2019-2020: $57,222

Current on-campus room and board (2023-24): is $18,554 compared to:

• 2022-2023: $16,988

• 2021-2022: $16,396

• 2020-2021: $15,756

• 2019-2020: $15,246

For the 2022-2023 school year, additional expenses are:

• Books and supplies: $1,354

• Other expenses: $2,218

Total expenses, on campus, are $88,140, a 5.9% increase over the previous year.

Financial Aid

Cornell University is “need-blind” during the admissions process, which means that a student’s ability to pay is not considered as part of the acceptance process. This can help students from lower- and middle-income families who can’t otherwise afford the cost of Cornell.

In the 2022-23 academic year, 60% of full-time beginning undergraduates received some sort of financial aid. More specifically:

• Grants or scholarship aid: 51% received these funds with the average award being $56,741

• Federal grants: 19% received them with an average award of $7,540

• Pell grants: 19% received them with an average award of $5,708

• Other federal grants: 9% received them with an average award of $3,984

• State or local: 14% received them with an average award of $3,557

• Institutional: 55% received them with an average award of $55,091

• Student loan aid: 29% received aid with an average award of $8,574

• Federal student loans: 27% received aid with an average award of $4,122

• Other student loans: 16% received aid with an average award of $8,260

Generally, financial aid is monetary assistance awarded to students based on personal need and merit. Students who 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, or financial need.

• Grants: Generally based on financial need, these can come from federal, state, private, or nonprofit 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, 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

Sixteen percent of Cornell University students received “other” student loans (not federal) with an average amount of $8,260. Cornell provides information about private student loans but does not provide specifics.

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 during the year, private loans can potentially help you make your tuition 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

At the 2023-24 tuition of $66,014, four years at Cornell equals $264,056. This does not account for increases in tuition. Total expenses for a student are $88,140 annually. The average cost of attendance for a four-year private institution is currently $60,420, making Cornell 46% more expensive.

Here’s some New York Student Loan & Scholarship Information for you.

Undergraduate Tuition and Fees

Cornell University tuition for the 2023-24 academic year was $66,014 plus:

• Books and supplies: $1,354

• Other on-campus expenses: $2,218

Graduate Tuition and Fees

In the 2023-24 academic year, graduate-level tuition was $29,500 with fees of $585.

The average private, nonprofit graduate school cost is $15,100 per year, making Cornell University almost twice as expensive. There are graduate loans available to help with these costs.

Cost per Credit Hour

For the 2024-2025 academic year, those who want to earn college credit without enrolling in a degree program can study at Cornell part-time for a cost of $1,840 per credit hour.

Campus Housing Expenses

Cornell campus housing costs $18,544 in 2023-24. The university provides the names of neighborhoods to consider for apartment living, and the average rent for a one-bedroom apartment is $1,855. A two-bedroom apartment averages $2,082 per month and a studio apartment averages $1,671. It’s important to note that when renting an apartment, the lease will typically be for a full year instead of just the academic year.

Check out this resource to learn more about off-campus housing.

Cornell University Acceptance Rate

In fall 2023, 65,635 students applied, with 5,250 accepted. So the Cornell acceptance rate is 8%.

Admission Requirements

Along with an undergraduate application, Cornell University requires official transcripts, a counselor recommendation, two teacher recommendations, and a mid-year report. Cornell suspended SAT/ACT requirements through 2024-25, but will require scores to enroll for fall 2026 and beyond.

Deadlines for first-year students are November 1 for Early Decision and January 2 for Regular Decision. You can apply to Cornell University here .

SAT and ACT Scores

Cornell University is ending its policy of having no SAT/ACT requirements with the fall 2026 application process. For fall 2023, 37% of first-time undergraduates submitted SAT scores, while 12% submitted ACT scores. These are the 25th and 75th percentile scores:

Subject	25th Percentile	75th Percentile
SAT Evidence-Based Reading/Writing	720	770
SAT Math	760	790
ACT Composite	33	35

Popular Majors at Cornell University

In the 2022-23 academic year, the university conferred 3,791 bachelor’s degrees in more than two dozen areas of study. Here are some of the most popular majors.

1. Computer Science

Undergraduates study programming languages, algorithms, logic, data structures, and more. Electives range from artificial intelligence to cryptography, scientific computers, and more.

Undergraduate degrees in 2022-23: 453

2. Hotel/Motel Administration

At Cornell, undergraduates receive a well-rounded education in hospitality that includes traditional coursework along with an immersive experience through hands-on learning opportunities.

Undergraduate degrees in 2022-23: 290

3. Labor and Industrial Relations

Cornell University has the country’s largest undergraduate program in this discipline, one that focuses on “people, policies and processes in organizations and the workplace.”

Undergraduate degrees in 2022-23: 273

4. Agricultural Economics

Over the decades, the focus of this degree has evolved just as real-world agriculture has with students now focusing on theory as well as participating in outreach opportunities to help solve real-world problems.

Undergraduate degrees in 2022-23: 251

5. Biology

Students can choose between the College of Agriculture and Life Sciences or the College of Arts and Sciences for this degree and select among fourteen different concentrations.

Undergraduate degrees in 2022-23: 243

6. Biomedical Sciences

Students receive a broad education, taught by professors who research cell and developmental biology, stem cell biology, reproductive biology, comparative pathology/physiology and more.

Undergraduate degrees in 2022-23: 174

7. Information Technology

This degree focuses on information systems engineering in the place where information science, management, and technology intersect. Additional classes range from statistics to economics.

Undergraduate degrees in 2022-23: 151

8. Mechanical Engineering

Students analyze the structure, dynamics, and control of mechanical systems while also studying computer aided design, vibrations, control systems, and more as well as fluids, energy, and heat transfer systems.

Undergraduate degrees in 2022-23: 132

9. Econometrics

In this field, students gain insights into econometric models and how theory can be translated into applications and frameworks for forecasting, measuring, testing, and more.

Undergraduate degrees in 2022-23: 124

10. Political Science/Government

A political science/government degree can prepare undergraduates for multiple career choices: from business to law or public service. Students receive a broad education while also participating in nuanced discussions.

Undergraduate degrees in 2022-23: 96

Learn more about the fields of study you can major in at Cornell here .

Graduation Rate

Cornell graduation rate for the fall 2017 cohort is follows:

• 6 years: 95%

Post-Graduation Median Earnings

Median earnings for Cornell graduates total $104,000. When compared to the national average of four-year educational institutions of $68,516, Cornell graduates’ earnings are 52% higher.

Bottom Line

Cornell University offers an exceptional education and rigorous academic programs that allow graduates to earn significantly more than the national average. Cornell tuition is higher than average, but the university is need-blind during the admissions process and provides generous grants and scholarships to about half of the incoming first-year students. Cornell acceptance rates are low, however, so getting in may be the biggest challenge.

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SoFi Bank, N.A. and its lending products are not endorsed by or directly affiliated with any college or university unless otherwise disclosed.

Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

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Jan

2025

Brown University Tuition and Fees

By Jenni Bojanin | Uncategorized | Comments Off

Brown University Tuition and Fees

Total Cost of Attendance

Brown University, located in Providence, Rhode Island, is known for being a leading research university. Brown University tuition for the 2023-24 school year was $68,230, which is significantly higher than the average for private four-year universities of $41,540 per year.

Costs for 2023-24

Tuition & Fees	$68,230
Room & Board	$16,598
Other Expenses	$2,820
Total Cost of Attendance	$87,648

Financial Aid

At Brown, 61% of students receive some kind of financial aid, including student loans and scholarships, to help pay for Brown tuition. Brown has been “need-blind” for domestic students for nearly 20 years, which means an applicant’s financial background isn’t taken into consideration during the application process. Anyone, regardless of income and financial situation, can apply. The university is currently making strides to offer the same need-blind process for international students.

• Grants: Generally based on financial need, these can come from federal, state, private, or nonprofit 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.

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

While just 9% of Brown students take out federal student loans, even fewer (2%) take out private student loans. The average private loan is $28,861 a year.

If you’ve missed the FAFSA deadline or you’re struggling to pay for school during 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

Given that the total cost of attendance at Brown is $87,648 for the 2023-24 school year, it would cost $350,592 over four years. The average cost for private school tuition plus room and board in the U.S. is $60,420 a year, or $241,680 for four years, according to CollegeData.com.

Here’s some Rhode Island Student Loan & Scholarship Information for you.

Undergraduate Tuition and Fees

Costs for 2023-24

Tuition & Fees	$68,230
Room & Board	$16,598
Total Cost of Attendance	$87,648

Brown students paid $68,239 a year in tuition and fees in 2023-24, plus an additional $16,598 for room and board.

The average tuition for private four-year schools is $41,540, and room and board is $14,650.

Graduate Tuition and Fees

Costs for 2023-24

Tuition & Fees	$65,656
Room & Board	$1,350
Total Cost of Attendance	$67,006

There are graduate loans and scholarships available to help cover graduate school tuition ($65,656) and fees ($1,350).

Cost per Credit Hour

While most students opt to attend Brown University full-time, others attend part-time. In this case, tuition is based on the number of courses the student takes, and the tuition cost per course is currently $8,576.50.

Campus Housing Expenses

Costs for 2023-24

On-Campus		Off-Campus
Room & Board	$16,598	$17,444
Other Expenses	$2,820	$$2,820

First-year students at Brown are required to live on campus, and 74% of other undergraduates choose to continue to do so. First-year undergrads have roommates in residence halls that house 50-60 students. Returning students may live in private single rooms, suites, or apartments, based on a lottery system.

Students interested in living off campus can find housing through Brown Real Estate’s website (explore auxiliary housing options here ). Housing typically includes utilities such as heat, hot water, gas, and electricity, and leases are for 12 months. Types of housing vary, but range from $800 to $1800 per person per month.

Brown University Acceptance Rate

Fall 2022

Number of applications	51,316
Number accepted	2,566
Percentage Accepted	5%

Admission Requirements

The Brown acceptance rate is low because the school has high standards for its students. Here are the requirements for applicants.

Required:

• Transcript

• School report

• Midyear school report and transcript

• Counselor recommendation

• Two teacher evaluations/recommendations

• Bachelor of Science and PLME recommendations (if applicable)

• Final school report and transcript

Recommended:

• Secondary school GPA

• Secondary school rank

• Admission test scores (SAT/ACT)

The deadline for Early Decision is November 1, and the Regular Decision deadline is January 3. You can apply here .

SAT and ACT Scores

Like many universities, Brown is waiving the requirement for standardized test scores for first-year applicants for the 2023-24 school year.

Here are the 25th and 75th percentile of test scores for Brown students enrolled in Fall 2023:

Subject	25th Percentile	75th Percentile
SAT Evidence-Based Reading/Writing	740	770
SAT Math	760	800
ACT Composite	34	35
ACT English	35	36
ACT Math	32	35

Popular Majors at Brown University

Brown University offers more than 80 undergraduate programs and 2,477 courses. Here are some of the most popular majors.

1. Computer Science

Brown offers fields of study in both general computer science and computer science with an emphasis in economics. Students learn about artificial intelligence, databases, distributed systems, networks, operating systems, programming languages, and robotics and security.

Undergraduate degrees in 2022-23: 187

2. Applied Mathematics

Brown offers several undergraduate programs in applied mathematics, including those in biology, economics, and computer science, as well as general applied mathematics.

Undergraduate degrees in 2022-23: 141

3. Economics

Students focusing on economics learn how individuals, businesses, and governments allocate resources to meet goals. Economics majors may go on to work in business, finance, or government organizations.

Undergraduate degrees in 2022-23: 123

4. Biology

While studying biology, students learn about cell and molecular biology, structure and function, and organismal biology.

Undergraduate degrees in 2022-23: 96

5. Neuroscience

If you’re interested in topics like visual physiology, neurochemistry, and behavior, a degree in neuroscience might be of interest. In addition to diving into these specific fields, you’ll also learn about psychology and cognitive science, and the mathematical and physical principles involved in modeling neural systems.

Undergraduate degrees in 2022-23: 74

6. Engineering

Brown sends highly-trained students of biomedical, chemical, computer, electrical, materials, and mechanical engineering out into the workforce. The course load also includes classes in math, computing, and chemistry.

Undergraduate degrees in 2022-23: 73

7. English

English students dive deep into English literature, including poetry, fiction, drama, film, creative nonfiction, digital media, and theory.

Undergraduate degrees in 2022-23: 53

8. Political Science and Government

Students of political science examine how people live, govern themselves, and solve problems in communities around the world.

Undergraduate degrees in 2022-23: 40

Learn more about everything you can major in at Brown by checking out this resource .

Graduation Rate

Brown has an exceedingly high graduation rate. For example, here is the percentage of first-year students in 2017 who graduated:

• 6 years: 96%

Post-Graduation Median Earnings

The median earnings for Brown graduates is $93,000. In contrast, the median salary for graduates of four-year schools is $68,516.

Bottom Line

Brown is a prestigious school with stringent requirements for admissions. If you are at the top of your class, you may stand a chance of getting accepted even if your financial need is high, since the school is need-blind.

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Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

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Jan

2025

Week Ahead on Wall Street: Banks and Inflation

By Mario Ismailanji | | Comments Off

Setting the Tone

The year may have gotten off to a sleepy start, but things are set to heat up this week with the beginning of earnings season and inflation data.

Big banks and other major financial institutions will kick things off as usual, providing investors with the first glimpse into how corporate America fared at the end of 2024. But beyond the individual results, these financial heavyweights often set the tone for the entire earnings season and offer valuable insights into consumer health, lending activity, and the overall state of the economy.

The all-important Consumer Price Index (CPI) data is scheduled to be released the same morning as the banks start reporting. Recent readings haven’t been as comforting as they were a year ago, with almost all Federal Reserve officials believing that inflation risks had increased. If inflation were to come in hot, it could push out the timing of additional interest rate cuts.

Needless to say, this week will keep investors on their toes: While strong earnings could signal robust corporate health, it could also suggest that inflationary pressures remain elevated due to company pricing power. Conversely, any signs of margin pressure could indicate that companies are struggling to pass on costs to consumers – a potentially encouraging sign for the path of inflation.

Economic and Earnings Calendar

Monday

• December New York Fed Survey of Consumer Expectations: This is a measure of peoples’ expectations for inflation, jobs prospects, earnings growth, and more.

Tuesday

• December NFIB Small Business Optimism: This measures how small business owners feel about current and future economic conditions.

• December Producer Price Index: The PPI tracks price trends that producers face and is down significantly from its peak earlier in the cycle.

• Fedspeak: Kansas City Fed President Jeff Schmid will discuss monetary policy and the economic outlook with the advocacy group Central Exchange. New York Fed President John Williams will give opening remarks at a New York Fed event on housing affordability.

Wednesday

• January Empire State Manufacturing Activity: The New York Fed’s survey of manufacturing executives in the region on business conditions and their outlook.

• December Consumer Price Index: The CPI is one of the most popular indicators for tracking consumer price trends and is a marquee release for market watchers.

• Fedspeak: Richmond Fed President Tom Barkin will deliver a keynote address at an event on the Maryland economy. New York Fed President John Williams will give a keynote address at the CBIA Economic Summit and Outlook 2025. Chicago Fed President Austan Goolsbee will speak at the Midwest Economic Forecast Forum.

• Earnings: Bank of New York Mellon, BlackRock, Citigroup, Goldman Sachs Group, JPMorgan Chase, Wells Fargo

Thursday

• December Retail Sales: This measures spending at retail stores and is a key indicator of consumer demand.

• December Import/Export Price Indexes: These indexes track the changes in the prices of nonmilitary goods and services traded between the U.S. and the rest of the world.

• January Philadelphia Fed Manufacturing Activity: The Philadelphia Fed’s survey of manufacturing executives in the region on business conditions and their outlook.

• January New York Services Activity: The New York Fed’s survey of manufacturing executives in the region on business conditions and their outlook.

• January NAHB Housing Market Index: This index tracks how homebuilders feel about the current and future state of the single-family housing market.

• Fedspeak: Philadelphia Fed President Patrick Harker will discuss the economic outlook. Richmond Fed President Barkin will speak to the Virginia Bankers Association and the Virginia Chamber of Commerce about the economy. Kansas City Fed President Jeff Schmid will speak to the Economic Club of Kansas City.

• Earnings: Bank of America, JB Hunt Transport Services, Morgan Stanley, M&T Bank, PNC Financial Services Group, UnitedHealth Group, US Bancorp

Friday

• December Building Permits and Housing Starts: Construction data is a leading indicator of economic activity.

• December Industrial Production and Capacity Utilization: The industrial sector accounts for much of the cyclical swings in economic activity.

• Earnings: Citizens Financial Group, Fastenal, Huntington Bancshares, Kinder Morgan, Regions Financial, Schlumberger, State Street, Truist Financial

Looking for more stories like this? Check out On the Money — SoFi’s one-stop-shop for news, trends, and tips!

Check it out

Please understand that this information provided is general in nature and shouldn’t be construed as a recommendation or solicitation of any products offered by SoFi’s affiliates and subsidiaries. In addition, this information is by no means meant to provide investment or financial advice, nor is it intended to serve as the basis for any investment decision or recommendation to buy or sell any asset. Keep in mind that investing involves risk, and past performance of an asset never guarantees future results or returns. It’s important for investors to consider their specific financial needs, goals, and risk profile before making an investment decision.

The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. These links are provided for informational purposes and should not be viewed as an endorsement. No brands or products mentioned are affiliated with SoFi, nor do they endorse or sponsor this content.

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Jan

2025

Stanford University Tuition and Fees

By Jenni Bojanin | Uncategorized | Comments Off

Stanford University Tuition and Fees

Total Cost of Attendance

Stanford is known for consistently ranking as one of the top 10 universities in the country. Stanford University tuition and fees, at $62,484 for the 2023-24 school year, is higher than the average for four-year private nonprofit institutions in the U.S. of $41,540 per year.

Costs for 2023-24
Tuition & Fees	$62,484
Books & Supplies	$825
Room & Board	$19,922
Other Expenses	$4,602
Total Cost of Attendance	$87,833

Financial Aid

To help with Stanford tuition, more than two-thirds of students receive financial aid of some kind, whether it’s student loans, grants, or scholarships. Stanford is “need-blind” for all U.S. citizens, permanent residents, and undocumented students, regardless of where they attended high school. This means that your financial need will not be a deciding factor on your application.

• Grants: Generally based on financial need, these can come from federal, state, private, or nonprofit 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.

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

While some Stanford students opt for federal student loans (7%), others (2%) take out private student loans. The average private loan amount is $39,259.

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.

Recommended: Guide to Private Student Loans

Projected 4-Year-Degree Price

How much will Stanford tuition plus room and board and other expenses run you for a four-year degree? Based on 2023-24 numbers, the full cost would be $351,332. In comparison, the average cost for a private university is $60,420 a year, totaling $241,680 for four years, according to CollegeData.com.

Here’s some California Student Loan & Scholarship Information for you.

Undergraduate Tuition and Fees

Costs for 2022-23

Tuition & Fees	$62,484
Room & Board	$19,922
Books and Supplies	$825
Other Expenses	$4,602
Total Cost of Attendance	$87,833

Covering Stanford University costs is more than just tuition, which is $62,484. You also have to factor in room and board, which runs $19,922; books and supplies for $825; and other expenses totaling $4,602; making your COA (or cost of attendance) $87,833 a year.

Graduate Tuition and Fees

Costs for 2023-24

Tuition	$58,746
Fees	$753
Total Cost of Attendance	$59,499

Tuition for graduate school at Stanford was $58,7467 in 2023-24, and there was an additional $753 in fees, making a total of $59,499 to attend graduate school. There are graduate loans available to help with these costs.

Cost per Credit Hour

For students who wish to attend summer sessions, the cost per unit is $1,282 (for fewer than 12). Upperclass students may petition for part-time enrollment (8-unit minimum), also for $1,282 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 2023-24

Student Type	On-Campus	Off-Campus
Room & Board	$19,922	$24,960
Other Expenses	$4,602	$4,602

Stanford has 15 residence halls, as well as apartments, 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. Students living off campus should expect living expenses to be 10% to 40% higher, depending on the living situation. Check out this resource to learn more about off-campus housing.

Stanford Acceptance Rate

Fall 2023

Number of applications	53,733
Number accepted	2,149
Percentage Accepted	4%

Admission Requirements

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.

Required:

• Secondary school GPA

• School report

• Counselor letter of recommendation

• Official transcripts

• Letters of recommendation from two teachers

• Midyear transcript (by February 15)

Recommended:

• Completion of college-preparatory program

• SAT or ACT scores

The deadline for a standard application is January 5, with a decision given by early April. 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 2024-25 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:

Subject	25th Percentile	75th Percentile
SAT Evidence-Based Reading/Writing	740	780
SAT Math	770	800
ACT Composite	34	35
ACT English	35	36
ACT Math	32	35

Popular Majors at Stanford

Stanford offers 69 areas of study to choose from. Here are some of the most popular.

1. Computer Science

The computer science program looks at theories and systems, and you can choose one of the following tracks of study: artificial intelligence, biocomputation, computer engineering, graphics, human-computer interaction, information, systems, or theory.

Undergraduate degrees in 2022-23: 293

2. Engineering

Stanford has several programs in engineering, including applied and engineering physics, bioengineering, biomechanical, chemical, civil and environmental, electrical, energy resources, engineering physics, environmental systems, management science, materials science, and mechanical engineering.

Undergraduate degrees in 2022-23: 258

3. Human Biology

This area of study looks at human beings from biological, behavioral, social, and cultural perspectives.

Undergraduate degrees in 2022-23: 139

4. Quantitative Economics

Economics students learn about modern society and contemporary economic problems, and learn to evaluate public policy.

Undergraduate degrees in 2022-23: 106

5. General & Applied Mathematics

Upon graduating with a degree in mathematics, students will understand logical reasoning, generalization, abstraction, and formal proof.

Undergraduate degrees in 2022-23: 88

6. Cognitive Science

This area of study investigates language, meaning, and mental representation, perception, learning, memory, decision making, and reasoning.

Undergraduate degrees in 2022-23: 81

7. International Relations

This interdisciplinary major studies the international politics of the United Nations, the World Trade Organization, the World Bank, Amnesty International, and other NGOs.

Undergraduate degrees in 2022-23: 58

8. Biology

Along with receiving a robust education in biology, students have the option to take courses in marine animals, ecology, biological preserves, and ocean conservation.

Undergraduate degrees in 2022-23: 55

9. Political Science & Government

Students of political science will dive into both the American political system as well as others around the world, and examine conflicts, social movements, and diversity.

Undergraduate degrees in 2022-23: 54

10. Psychology

Stanford’s psychology program looks at theories and empirical studies of human behavior.

Undergraduate degrees in 2022-23: 53

Learn more about everything you can major in at Stanford here .

Graduation Rate

The graduation rate at Stanford is fairly high. Here is the graduation rate of students who began their studies in 2017:

• 6 years: 93%

Post-Graduation Median Earnings

Stanford graduates can expect to earn, on average, nearly double the overall average for four-year school graduates, at $124,000. The median for all schools is $68,516.

Bottom Line

Stanford regularly makes the lists of top schools in the country for good reason: It is committed to providing an excellent education. The university’s admissions standards are high, and it is difficult to get into, but don’t let financial considerations keep you from applying. Stanford is need-blind, which means students from any financial background can apply.

SoFi private student loans offer competitive interest rates for qualifying borrowers, flexible repayment plans, and no origination fees.

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Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

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