Example Calculation

The Stanford GSB Financial Aid Office uses the following calculations to determine eligibility for the Stanford MSx Nonprofit/Public Service Loan Forgiveness program.

Single Applicant Calculation

  Applicant’s gross wages
+ Housing allowances from employer
+ Other income
+ Significant amount of assets
- Applicant’s non-Stanford-GSB MSx required annual educational loan payments for need-based loans
- $8,544 for each dependent child
- $9,600 maximum based on actual cost for each child’s care expenses
= Applicant’s Adjusted Income

Married Applicant Calculation

We complete the single and married applicant calculations for all married applicants. If your single adjusted income is greater than your married adjusted income, we will use your single adjusted income to determine eligibility.

  Applicant’s and Spouse’s gross wages
+ Housing allowances from employer
+ Other income
+ Significant amount of assets
- Applicant’s non-Stanford-GSB MSx required annual educational loan payments for need-based loans
- Spouse’s non-Stanford-GSB MSx required annual educational loan payments for need-based loans
- $8,544 for each dependent child
- $9,600 maximum based on actual cost for each child’s care expenses
= Total multiplied by .50
= Married Applicant’s Adjusted Income