Support Undergraduate Education
Endowed Need-Based Scholarships
Stanford's long-standing practice of need-blind admission is backed by a promise to meet the full demonstrated need of all U.S. undergraduates throughout their four years on campus. Only a handful of colleges and universities can uphold such a pledge. Supporting students in perpetuity, endowed scholarship funds are the foundation of Stanford's financial aid commitment.
Scholarship funds endowed in perpetuity are the foundation of this commitment. By establishing a need-based scholarship, you can:
- Support a diverse community of insights, perspectives, and questions
- Open doors to life-changing opportunities
- Benefit the world, as graduates from all walks of life become leaders in their communities and their workplaces
From 2005 through 2008, Stanford significantly enhanced its financial aid program:
- Parents earning less than $60,000 a year are not expected to contribute to the cost of their child's education.
- Parents earning less than $100,000 a year do not pay tuition.
- Financial aid packages no longer include student loans, making it possible for all aid recipients to graduate debt free.
- All students are expected to help finance their education from summer job income, part-time campus work, and outside scholarships, if available.
The Growing Need
Today, approximately half of Stanford undergraduates—more than ever before—depend on need-based aid from the university.
- Stanford has nearly doubled its funding for need-based financial aid since 2007.
- Although Stanford's endowment has recovered somewhat from the low point of the economic crisis, the financial aid budget is still under considerable strain.
- For the next three to five years, the combined funding from endowed scholarships and expendable gifts like The Stanford Fund still leaves a projected shortfall of approximately $25 million per year.
Stanford's commitment to need-blind admission stands firm, but endowed scholarships remain one of the university's highest fundraising priorities.