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Financing Your Education - Doctoral Programs

A doctoral degree is a significant investment in your future, and financing your education is a critical factor to consider. While the funding we provide covers the basic standard cost of attendance determined by Stanford University for a modest life as a graduate student, accepting an offer from a doctoral program has significant personal, professional, and financial implications. Below you’ll find information about financing your PhD and how the GSE works closely with the Stanford University Financial Aid Office to assist students.

Funding guarantee

Stanford GSE offers all admitted PhD students a five-year funding guarantee that provides tuition aid, fellowship stipend, and assistantship salary, and covers the standard cost of attendance below. This funding applies to the first five academic years of the doctoral program and generally entails assistantship work on a research project or course with a GSE faculty member. The funding is based on meeting the basic financial need of the student alone. There is no separate application for this funding.

Funding structure and details

As part of the five-year funding guarantee, the GSE pays tuition to the university on the student’s behalf. In addition, students receive fellowship stipend from the GSE and earn salary from their assistantship. This funding guarantee is based on meeting the basic financial need of the student alone and is contingent upon satisfactory academic progress.

Assistantships

Assistants are needed on a variety of projects within Stanford GSE. Research assistants are funded by the GSE and grants received by the professor, and can lead to joint publications with faculty or to dissertation topics. Students who have sufficient expertise and experience may also be selected as teaching assistants. Assistantships are typically secured with the assistance of faculty advisors. Students work 10 or 20 hours a week depending on their year in the program.

Funding details 2022-2023

To see funding details for 2022-2023 (autumn through summer), please visit the doctoral handbook .

Cost of attendance

Tuition depends on the units taken by the student. In addition to tuition expenses, a PhD program involves other living expenses such as rent, food, and transportation. The sum of tuition and non-tuition expenses constitute the standard cost of attendance. As you consider applying to graduate school, you can use the chart below—plus any additional expenses you might have—to create your financial plan.

Cost of attendance 2022-2023

The tuition and non-tuition expenses of the cost of attendance are set by the university on an annual basis.

Non-tuition expenses

What you can do now to prepare financially if admitted

Additional GSE resources

Once PhD students matriculate, the GSE has a variety of resources available to support academic work and unanticipated needs.

Students are eligible for up to three travel fellowships during their time at GSE if they are attending a conference or other professional development opportunity.

GSE Student Emergency Fund assists graduate students who experience a financial emergency or unanticipated expenses causing financial hardship. This fund is meant to support those who cannot reasonably resolve their financial difficulty through fellowships, loans, or personal resources.

GSE Dissertation Support Grants help advanced PhD students who require additional financial support for dissertation research activities. These grants, available at up to $6,500 total per student, are available to students who do not have access to other funds to cover their dissertation costs.

Stanford University resources

Knight-Hennessy Scholars (KHS) program aims to prepare the next generation of global leaders to address the increasingly complex challenges facing the world. The program selects up to 100 students each year and provides three years of financial support that is integrated into the GSE’s funding package for PhD students.

Vice Provost for Graduate Education awards various fellowships for doctoral students and maintains a list of other Stanford fellowships that students may consider.

Cardinal Care subsidy is an automatic university-wide subsidy program for graduate students. Vaden Health Center manages the university’s Cardinal Care student health insurance.

Stanford Financial Aid Office oversees a number of financial support programs specifically for graduate students with challenging financial situations.

Additional hourly work is available to students who wish to work for pay as "casual labor" at Stanford up to eight hours a week, provided work does not adversely affect the academic program. Requires approval from the student’s advisor and the Academic Services team.

Other funding sources

External fellowships are integrated into the GSE’s funding package. There are many funding opportunities offered outside of Stanford. The GSE admissions team has compiled an external fellowships and grants document for you to explore, though you should plan to do your own research as well. International students can find additional sources of funding on the Institute of International Education’s (IIE) Funding for U.S. Study website and this publication .

Stanford is committed to providing benefits through the Yellow Ribbon Program of the Post-9/11 GI Bill® to students in degree-seeking programs. GSE students who qualify for Chapter 33 benefits at the 100% level may be eligible for additional funding through the Yellow Ribbon Program. Please note that for GSE students receiving tuition fellowship funding, the Yellow Ribbon match may reduce and in some cases replace institutional grants and scholarships. For instructions, visit the page, Activate VA Education Benefits at Stanford .

International students are guaranteed the same funding package as domestic students. However, there may be restrictions regarding the number of hours and opportunities to work during the summer months. To learn more, please contact the Bechtel International Center .

To meet immigration regulations, international students must show proof of adequate financial support to cover the length of time of their graduate program. While international students are not eligible for U.S. federal loan programs, they may qualify for private/alternative loans. Many lenders, however, require that a U.S. citizen or permanent resident co-sign the loan. You can find information and tools to help you choose private loan programs most frequently used by Stanford students here. A comprehensive list of private loan programs is available at FinAid.org .

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PhD Entering Class Profile

Over 125 students strong, the PhD student community includes individuals with diverse backgrounds and experiences.

They come together with the common purpose of producing cutting-edge research in their respective fields.

IMAGES

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COMMENTS

Finance
At Stanford GSB, finance faculty and doctoral students study a wide spectrum of financial topics, including the pricing and valuation of assets, the behavior of
Finance Requirements
Students take the field exam in the summer after the first year. Material from
PhD Program
Our PhD Program is designed to develop outstanding scholars for careers in research and teaching at leading academic institutions throughout the world. You will
Admission to the Stanford GSB PhD Program
Stanford PhD students may also apply to KHS during their first year of PhD enrollment. If you aspire to be a leader in your field, we invite you to apply. The
Financial Aid
The PhD program provides a financial fellowship to qualified doctoral students that includes tuition, living stipend, health fees, and more.
Finance Academic Area
We also train and mentor future finance scholars through our Stanford GSB PhD Program, which is regarded as one of the top finance doctoral programs
Current Students
Current list of Stanford GSB PhD students within the their field of study, including Accounting, Economics, Finance, Marketing, Organizational Behavior
Financing Your Education
Stanford GSE offers all admitted PhD students a five-year funding guarantee that provides tuition aid, fellowship stipend, and assistantship salary, and covers
PhD Entering Class Profile
Electrical Engineering, Political Science ; English, Psychology ; Finance, Public Policy ; Financial Mathematics, Social Science.
Doctor of Philosophy [Ph.D] [Finance] From Stanford University
Eligibility & Entry Requirement · Academic Eligibility: · Students must complete a master's degree from a recognized institution. · The average cumulative high