The Stanford Tuition Grant is a need-based financial aid program designed to help undergraduate students fund their education at Stanford University. The program is part of Stanford's commitment to making its undergraduate degree accessible to students from all backgrounds, regardless of their financial situation. The grant is awarded to students who demonstrate financial need, as determined by the university's financial aid office. In the 2022-2023 academic year, the average Stanford Tuition Grant award was $54,947, with a total of $163.6 million awarded to 3,465 students.
To be eligible for the Stanford Tuition Grant, students must submit the Free Application for Federal Student Aid (FAFSA) and the CSS Profile, which are used to determine their financial need. The university's financial aid office then reviews the student's application and awards the grant based on their demonstrated need. The grant can be used to cover tuition, fees, room, and board, as well as other educational expenses. Stanford University is known for its generous financial aid packages, and the Stanford Tuition Grant is a key component of these packages. In fact, the university's financial aid policy ensures that parents with incomes below $75,000 are not expected to pay tuition, and those with incomes below $150,000 are expected to pay no more than 10% of their income towards tuition.
How the Stanford Tuition Grant Works
The Stanford Tuition Grant is a type of need-based aid, which means that it is awarded based on a student’s financial need, rather than their academic merit. To determine a student’s financial need, the university’s financial aid office uses a combination of factors, including the student’s family income, assets, and expenses. The grant is then awarded to help bridge the gap between the student’s financial resources and the cost of attending Stanford. For example, in the 2022-2023 academic year, the total cost of attendance at Stanford was $76,366, including tuition, fees, room, and board. The Stanford Tuition Grant helped to cover a significant portion of this cost for eligible students.
Eligibility Requirements
To be eligible for the Stanford Tuition Grant, students must meet certain requirements. These include: being enrolled as an undergraduate student at Stanford University, demonstrating financial need as determined by the university’s financial aid office, submitting the FAFSA and CSS Profile by the deadline, and meeting the university’s Satisfactory Academic Progress (SAP) requirements. The SAP requirements include maintaining a minimum GPA of 2.0, completing at least 12 credits per quarter, and making progress towards completing their degree within a reasonable timeframe. Students who are eligible for the Stanford Tuition Grant may also be eligible for other forms of financial aid, such as federal and state grants, loans, and work-study programs.
| Academic Year | Average Grant Award | Total Grant Awards |
|---|---|---|
| 2022-2023 | $54,947 | $163.6 million |
| 2021-2022 | $52,419 | $154.2 million |
| 2020-2021 | $50,391 | $143.1 million |
Application Process
To apply for the Stanford Tuition Grant, students must submit the FAFSA and CSS Profile by the deadline. The FAFSA is available online at fafsa.gov, and the CSS Profile is available online at collegeboard.org. Students must also submit additional documents, such as tax returns and W-2 forms, to verify their financial information. The university’s financial aid office reviews the student’s application and awards the grant based on their demonstrated need. The application process typically takes several weeks to complete, and students are notified of their award via email.
Timeline
The application timeline for the Stanford Tuition Grant is as follows: October 1: FAFSA and CSS Profile become available, February 15: Priority deadline for submitting FAFSA and CSS Profile, April 1: Stanford University’s financial aid office begins reviewing applications, May 1: Students notified of their award via email. It’s essential for students to meet the priority deadline to ensure that they are considered for the maximum amount of aid.
The Stanford Tuition Grant is a renewable award, which means that students can receive it for up to four years of undergraduate study, as long as they continue to demonstrate financial need and meet the university's SAP requirements. The grant is also stackable, meaning that students can combine it with other forms of financial aid, such as federal and state grants, loans, and work-study programs.
What is the average Stanford Tuition Grant award?
+The average Stanford Tuition Grant award for the 2022-2023 academic year was $54,947.
How do I apply for the Stanford Tuition Grant?
+To apply for the Stanford Tuition Grant, students must submit the FAFSA and CSS Profile by the deadline. Additional documents, such as tax returns and W-2 forms, may also be required to verify financial information.
Is the Stanford Tuition Grant a renewable award?
+Yes, the Stanford Tuition Grant is a renewable award, which means that students can receive it for up to four years of undergraduate study, as long as they continue to demonstrate financial need and meet the university's SAP requirements.
In conclusion, the Stanford Tuition Grant is a vital component of Stanford University’s financial aid program, providing need-based aid to undergraduate students who demonstrate financial need. By understanding the eligibility requirements, application process, and timeline, students can take the first step towards funding their education and achieving their academic goals.
