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Stanford Graduate School of Business - Financial Aid and Fellowships
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Stanford University offers a variety of financial aid and scholarship opportunities for graduate students across its different schools and departments. These financial resources are designed to reduce the financial burden of pursuing advanced degrees and foster academic excellence. Each school within Stanford has its own set of scholarships, fellowships, and grants tailored to specific fields of study and student needs. These awards can range from merit-based scholarships to need-based grants, allowing graduate students to access a wide range of funding options.
Stanford Graduate school of Business offers following types of financial help to the prospective students
1. Stanford GSB Need-based Fellowships:
- MBA students who show they need financial help, no matter where they're from, can get money to pay for school. Fellowships are like presents from the people around them, and they don't have to give the money back.
- The average Stanford GSB fellowship is approximately $44,000 per year or $88,000 in total awards.
2.BOLD Fellows Fund:
- The Building Opportunity for Leadership Diversity fund’s goal is to strengthen Stanford GSB's financial aid for MBA students who are experiencing financial hardship and who are committed to the advancement of diversity, equity, and inclusion.
- The BOLD Fellows Fund awards will be approximately $15,000 per fellow per year or around $30,000 per fellow’s two-year MBA program.
You can apply for BOLD :
- If you are a low-income householder and/or experiencing socioeconomic adversity as a result of generational wealth gaps
- Giving money to parents, guardians, or other family members both during and after an MBA program
- Showing a dedication to have inclusion, equity, and diversity around you.
3.Knight-Hennessey Scholars:
Knight-Hennessy scholars at Stanford are given financial support for up to three years of any graduate degree. Knight-Hennessy Scholars receive a variety of financial aid during each of the first three years of graduate school, including:
- A direct application for a fellowship to pay for tuition and related costs
- A stipend to cover living costs and educational costs (including housing and board, books, supplies for the classroom, teaching aids, local transportation, and appropriate personal expenses).
- A travel allowance designed to pay for one annual round-trip economy flight to and from Stanford.
It is a fully funded scholarship.
4.Stanford Impact Founder Fellowships and Prizes:
- The Stanford Impact Founder Fellowship is a program for people who want to start a business or organization that can make a big positive difference in the world. If you're accepted into this program, you can get $110,000 to help you get started, and you'll also get advice and guidance.
- If you do well in the program and show that you can be a great leader and entrepreneur, you might even win an extra $20,000 prize. So, it's a way to get money and support to start your important project.
- A generous stipend of $110,000 to explore a social or environmental journey
- Year-long personalized impact and entrepreneurship coaching
- An automatic invitation to join the Stanford Venture Studio resident program for the fellowship year.
Who can apply for SIF fellowships:
- MBA and MSx students who have graduated and are in good academic standing are eligible to apply for the Social Entrepreneurship Track (SIF-Social).
- Graduate students from any Stanford school who have graduated and are in good academic standing are eligible to enroll for the Ecopreneurship Track (SIF-Eco)
- Social Impact Loan Forgiveness (need to understand this program)
5.Entrepreneurial Summer Internship Program:
- The Entrepreneurial Summer Internship Program offers a practical chance to feel the energy and excitement of an extremely early-stage environment.
- About 10% of the MBA class will engage in ESIP each year, taking on summer internships in businesses with 5 to 50 full-time employees. After ESIP, students have a better understanding of whether they are suited for and interested in an entrepreneurial career.
- Although the majority of ESIP internships are in the San Francisco Bay Area, you can complete one at a startup that qualifies anywhere. In the past, students have interned with early-stage businesses in Euless, Texas, Bogota, Beijing, London, and Singapore, among other places.
6.Social Management Immersion Fund:
- Students can maximize their summer experience with the help of the Social Management Immersion Fund.SMIF offers financial assistance to MBA students who land summer internships with organizations, authorities, and companies with a social mission, such as social ventures and impact funds. SMIF fellows contribute vital management expertise to organizations tackling significant social and environmental concerns in exchange for practical job experience in related disciplines. The amount of fellowship stipends is comparable to students' average summer wages in the private sector.
- More than 800 fellows working with more than 450 organizations worldwide have received funding from SMIF since its start.
7.Employer Scholarships:
- For the purpose of establishing financial need and eligibility for fellowships, Stanford GSB views employer sponsorship or employer-forgivable loans as external financial resources. Typically, Stanford GSB fellowships are not available to students who obtain loans or support from their employers.
8.Loans from Stanford:
- Most financial aid received by Stanford GSB students is in the form of student loans. But as earlier mentioned, The loans of International students are not Stanford’s responsibility.
- Stanford provides loan for US citizens and permanent residents which are in the form of Private loans.
Military/Yellow Ribbon Program from Stanford
Yellow Ribbon program is a program with which the military or the veteran community can receive financial assistance from Stanford GSB. This is because Stanford's GSB participates in the post 9/11 Veterans Education Assistance Act of 2008 which is now known as The Yellow Ribbon Program.
Who can apply for the Yellow Ribbon Program?
- The one who has served for a total of at least 36 months on active duty following September 11, 2001.
- Served for at least 30 consecutive days after September 11, 2001, and you were honorably released from active duty due to a service-connected disability.
- Are a dependent meeting the requirements for Transfer of Entitlement under the Post-9/11 GI Bill based on the veteran's service.
Assistantships for Ph.D. students at Stanford
The Ph.D. program offers a qualifying doctoral students a financial fellowship that covers tuition fees, living allowance, health insurance and a chance to work as research or teaching assistance.
- Financial help is available to all prospective PhD candidates for five years, provided they maintain excellent academic progress and fulfill program requirements. For 2023–2024, the research or teaching assistantship or fellowship salary will be $52,375.
- Research and course Assistantships: Typically, a student's funding from Stanford includes research and course assistantships. Academically, a research assistantship acts as a training ground for research, frequently serving as the inspiration for the subsequent dissertation. A teaching assistantship offers training in the various facets of the teaching process, including lesson planning, presentation techniques, grading, and evaluation. The length of the student's enrollment in the program determines the usual terms of the assistantship.
- Additional Income: There are many ways to increase your income in addition to the Stanford GSB financial aid package. Incidental grading and tutoring, sometimes known as hourly work, is one approach. Foreign students are restricted from working more than 20 hours per week during the academic year under the restrictions of their visas. Americans are limited to a maximum of 28 hours of employment per week.
- Outside financial support, Outside employment (maybe)
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