Types of Aid

All MBA students, regardless of citizenship, are eligible for financial aid. Below are the types of aid available.

Stanford GSB Need-Based Fellowships

Fellowships are gifts from our community, and they do not have to be repaid. Stanford GSB fellowships are awarded based solely on your demonstrated financial need. Approximately half of Stanford MBA students receive fellowship funds. The average Stanford GSB fellowship is approximately $40,000 per year or $80,000 in total awards.

The Stanford GSB Financial Aid Office defines “need” as:

Stanford GSB Full-Tuition Fellowships

For the 2019-20 season, Stanford GSB provides additional full-tuition fellowships which require an application and are targeted to students with specific backgrounds.

Knight-Hennessy Scholars Program

The Knight-Hennessy Scholars program is designed to build a multidisciplinary community of Stanford graduate students dedicated to finding creative solutions to the world’s greatest challenges. The program awards high-achieving students every year with full funding. To be considered you must apply separately to the Knight-Hennessy Scholars program and to your GSB graduate degree program (by Round 1).

Career Support

Stanford GSB offers financial support to qualifying MBAs who pursue careers in the nonprofit and public service sector.

Summer Stipends

Stanford GSB provides resources for those who wish to pursue a summer internship in nonprofit, social impact, government, or entrepreneurial organizations.

External Scholarships

We encourage you to research sources outside Stanford GSB to help reduce your debt load. If you receive an external scholarship for less than $40,000, your Stanford GSB Fellowship will not be reduced. If you receive an external scholarship for more than $40,000, your Stanford GSB fellowship will be reduced, however, the reduction is not dollar for dollar. Loans are only reduced if your total financial aid exceeds the cost of attendance.

Yellow Ribbon Program

Stanford GSB participates in the Post-9/11 Veterans Education Assistance Act of 2008, the Yellow Ribbon program — a grant that is available to eligible military candidates.

For the 2019-2020 academic year, Yellow Ribbon funding is not considered need-based aid and can be awarded in conjunction with other Stanford need-based fellowships.

Staring with the 2020-2021 academic year, the GSB will match up to full tuition and mandatory fees for MBA students who are Yellow Ribbon eligible and opt to receive these benefits. These students will not be eligible to receive additional need-based fellowships, but are eligible for student loans if needed. All other MBA veteran students who are not eligible for Yellow Ribbon or Vocational Rehabilitation are encouraged to apply for need-based fellowships to help supplement their VA benefits. 

Eligibility criteria requires that you:

  • Served an aggregate period of active duty of at least 36 months after September 10, 2001.
  • Were honorably discharged from active duty for a service connected disability and you served 30 continuous days after September 10, 2001.
  • Are a dependent eligible for Transfer of Entitlement under the Post-9/11 GI Bill based on veteran’s service under the eligibility criteria listed above.

The Office for Military-Affiliated Communities serves as the liaison between the university, students, and the various federal, state, and local agencies concerned with veterans’ benefits. Review their website for additional information about education benefits for veterans at Stanford.

Employer Sponsorship

Stanford GSB considers employer sponsorship or employer forgivable loans as external financial resources for the purpose of determining financial need and fellowship eligibility. Typically students who receive employer loans or sponsorship are not eligible for Stanford GSB fellowships.

Be sure that you understand everything about the repayment terms required by your sponsor, especially the options for repayment if you choose not to return to the sponsor after graduation. If you are in doubt about accepting a sponsorship, include all details of the sponsorship with your financial aid application and request that your financial aid eligibility be calculated with and without sponsorship so that you can make an informed decision.


Most financial aid received by Stanford GSB students is in the form of student loans. Detailed information will be provided about loan options once you have been admitted to the program and applied for financial aid.

You can borrow up to the cost of attendance minus any financial aid or other resources (i.e., parents, relatives, friends, employers, and other external sources). Loans through Stanford GSB must be used for educational purposes.

Loans for U.S. Citizens and Permanent Residents

Prior to selecting your lender, we recommend you compare interest rates, terms and conditions, and repayment options for all loan programs.

Loans for International Students

The Financial Aid Office will determine which loans to offer you based on your citizenship status and the information provided in your financial aid application. Stanford GSB works with several lenders to provide loan options for international students. The school does not benefit in any way, financial or other, from these arrangements.

You are strongly encouraged to look for private loan options in your home country because you may be able to secure better interest rates. The Financial Aid Office will certify any educational private loan you choose; however, we recommend that you review the terms of these private loans, or any other private loan, before making your decision.

Last Updated 9 Mar 2020