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Stanford will expect no parent contribution toward educational costs for parents with total annual income below $60,000 and typical assets for this income range.
For parents with total annual income below $100,000 and typical assets for this income range, Stanford will ensure that all tuition charges are covered with need-based scholarship, federal and state grants, and/or outside scholarship funds. In most cases, the parent contribution will be no higher than the standard cost of room and board (around $12,000). Many parents in this group will see contribution amounts far lower than $12,000.
All students have a Student Responsibility. This Student Responsibility portion of the package can be met with a combination of sources including: employment during the summer and academic year, scholarships from outside the University (e.g., National Merit Scholarships, Rotary Scholarships, etc) or a student loan. Students will also be expected to contribute 5% of their own savings. For most students the total Student Responsibility is $5,000.
Students from families with total income less than $60,000 per year and typical assets will be offered financial aid packages similar to the one below. Families with incomes higher than $60,000 will have an expected parent contribution higher than -0-, but with similar Student Responsibility levels.
Scholarship Details
These numbers are based on costs for the 2011-2012 school year. Amounts will change slightly from year to year, but as the cost of college increases, the scholarship packages will correspondingly increase.
Glossary of terms appearing in scholarship package details
| Annual Cost of Attendance |
| Total |
$56,760 |
| Tuition |
$40,050 |
| Room & Board |
$12,291 |
| Books & Supplies |
$1,500 |
| Travel |
varies
|
| Personal |
$2,400 |
Campus Health Service Fee
|
$519 |
| How Costs Are Covered (Annually) |
| Total |
$56,760 |
| Grants |
$51,760 |
Parental Contribution
|
$0 |
Student Responsibility
|
$5,000 |
Student Savings
|
5%
|
Student Loan
|
$0 |
Outside Scholarships
Outside Scholarships can be used to reduce the Student Responsibility down to -0-. Scholarships in excess of that amount will be used to reduce the Stanford scholarship.
Health Insurance
Stanford requires all students to have health insurance, either through a parent or another plan. If student is not covered by a parental plan, the Stanford scholarship will be increased to pay for the $3,384 Stanford Cardinal Care student health plan.
Other Details
Students on Stanford scholarship will receive assistance for other expenses including unreimbursed medical expenses and attendance at Stanford's Overseas programs.
A travel allowance will be determined by Stanford based on family location. Stanford scholarship will be increased for this allowance.
