Stanford University Tuition and Fees

Stanford University Tuition and Fees

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    By Susan Guillory

    (Last Updated – 06/2022)

    Total Cost of Attendance

    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.

    Costs for 2021-22

    Student Type

    In-State

    Out-State

    Tuition & Fees

    $56,169

    $56,169

    Books & Supplies

    $1,305

    $1,305

    Room & Board

    $17,860

    $17,860

    Other Expenses

    $3,564

    $3,564

    Total Cost of Attendance

    $78,898

    $78,898

    Financial Aid

    To help with Stanford tuition, 70% of students receive financial aid of some kind, whether it’s student loans, grants, or scholarships. Stanford is need-blind for all students who are U.S. citizens, permanent residents, or undocumented students, regardless of where they attended high school. This means that your financial need will not be a deciding factor on your application.

    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

    Recommended: The Differences Between Grants, Scholarships, and Loans

    Private Student Loans

    While some Stanford students opt for federal student loans (6%), others (2%) take out private student loans. The average private loan amount is $27,275 per year.

    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

    How much will Stanford tuition plus room and board and other expenses run you for a four-year degree? Based on 2021-22 numbers, the full cost would be $315,592. In comparison, the average cost for a private university is $54,480 a year, totaling $217,920 for four years, according to CollegeData.com.

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

    Undergraduate Tuition and Fees

    Costs for 2021-22

    Student Type

    In-State

    Out-State

    Tuition & Fees

    $56,169

    $56,169

    Room & Board

    $17,860

    $17,860

    Total Cost of Attendance

    $74,029

    $74,029

    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

    Student Type

    In-State

    Out-State

    Tuition

    $54,315

    $54,315

    Fees

    $696

    $696

    Total Cost of Attendance

    $55,011

    $55,011

    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

    Student Type

    In-State

    Out-State

    Books & Supplies

    $1,305

    $1,305

    Room & Board

    $17,860

    $2,688/month*

    Other Expenses

    $3,564

    $3,564

    *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

    Fall 2020

    Number of applications

    45,227

    Number accepted

    2,261

    Percentage Accepted

    5%

    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:

    •  School report

    •  Counselor letter of recommendation

    •  Official transcripts

    •  Letters of recommendation from two teachers

    •  Midyear transcript (by February 15)

    Recommended:

    •  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:

    Subject

    25th Percentile

    75th Percentile

    SAT Evidence-Based
    Reading/Writing

    700

    770

    SAT Math

    720

    800

    ACT Composite

    31

    35

    ACT English

    33

    36

    ACT Math

    30

    35

    Graduation Rate

    The graduation rate at Stanford is fairly high. Here are the graduation rates of students who began their studies in 2014:

    •  4 years: 75%

    •  6 years: 94%

    Post-Graduation Median Earnings

    Stanford graduates can expect to earn, on average, nearly double the overall average for four-year school graduates, at $97,798. The median for all schools is $47,891.

    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.

    Learn More

    Photo credit: iStock/Rebecca Todd
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