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). You may add the expense for the Global Study Trips as well as participation in the Stanford Tsinghua Exchange Program (STEP), to the cost of attendance. These expenses may range from $2,200 to $4,000 for the total cost. The actual expense will be added to your cost of attendance only when the Financial AId Office is informed how a student intends to fulfill their GER. Stanford GSB will provide financial aid for students using a Global Study Trip or STEP to fulfill their GER in the form of fellowship and loans. Other options to meet the GER are not included in the cost of attendance, such as the Global Management Immersion Experience (GMIX) and Global Seminars, but may be subsidized by Stanford GSB.
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.