Types of Funding
Stanford Institutional Aid
Stanford institutional grant and loan resources are limited and as such, must be rationed, and awarded solely based on student need. Merit based scholarship is not offered. The School's policy is that students, (including spouses, if married), and parents, have the primary responsibility for financing the cost of a medical education. Our financial aid program attempts to help students and their families meet the shortfall of funds after family financial resources are assessed.
Parental financial data is required for all students requesting institutional aid.* Students are considered financially dependent upon both biological parents, even if they no longer claim you as a dependent. Your marital status, and/or the fact that you may have been self-supporting for a number of years, is irrelevant.
* Students age 30 by 12/31 of the academic year are considered independent for that year and parental information is waived.
The CSS Profile application and your parents’ federal income tax returns are used to determine the parental contribution. The formula takes into consideration your parents':
- Taxable income (wages or salaries, interest and dividends)
- Untaxed income (social security benefits, veteran benefits, voluntary annual contributions to tax deferred savings, workers compensations)
- Assets (savings, investments of all kind, stocks and bonds, stock options)
- Their Age
- Number of dependents
- Number of dependents in college*
- Federal and state income taxes paid
- An allowance, which varies by family size.
* The number of children enrolled in college (excluding parents in college) may affect the calculation of parental contribution each year. As a result, the amount of the expected parental contribution may vary from student to student and change year to year.
Separated or Divorced Parents
For the purposes of determining Stanford need-based financial aid only, each natural parent must submit financial information and the required tax forms.
Estrangement from Parents
If parent information due to absolute estrangement cannot be secured, applicant may request an estrangement waiver; professional third-party verification of circumstances is required. Upon approval, the estrangement waiver will granted for all subsequent financial aid years.
- Institutional grant, loan, and medical scholar funds exist as a result of generous gifts from alumni or friends of Stanford.
- If awarded these funds, you may be required to write the donor(s) a thank-you letter. Your cooperation is needed and expected to maintain their good will.
- Aid recipients who fail to comply by the specified date will lose eligibility for Stanford grants or loans — or both.
Verification of Sibling/Spouse Enrollment in College
- Only siblings under the age of 26 that are attending college at least half time for a minimum of one semester or two quarters in the current academic year may be counted as dependents on the Need Access Application.
- Verification will be required during the winter quarter of the academic year. Failure to provide certification of enrollment by the specified deadline may result in a recalculation of Stanford need-based grant and/or loan eligibility.
- Verification may be obtained through the National Student Clearing House (this option is only available if the sibling/spouse's school participates in this program) for a nominal fee or by completing a enrollment verification form provided by the Financial Aid Office.
Graduate Housing Loan Program
If you are moving to off-campus housing and need a loan to cover move-in expenses you may be interested in this loan. Click the link below to review eligibility, terms, and apply. Please contact the financial aid office with any questions.
Stanford University Loan
Stanford University (SU) loans are subsidized private loans offered by the school/university - they are not federal loans. Eligibility is determined by the financial aid office (FAO) and is need-based. The majority of these loans carry interest rates of 0% or 4% while in school and residency. Repayment of SU loans may also be deferred up to eight years during residency and qualified fellowship periods.
These revolving loan funds (funds are loaned out then replenished by loan repayments) may be limited from year to year and are not guaranteed.
Limted SU loan are offered for budget adjustments on a case-by-case basis and reviewed/approved by the FAO.
Loan acceptance, promissory notes, and required disclosures are processed by University Accounting Service.
Unsubsidized SU Loan is available to international students who are not able to borrow federal loans.
Direct Loans (federal loan)
Direct Loan are available to eligible U.S. Citizens and Permanent Residents and may be offered based on student eligibility and applicable anndual and lifetime aggregate loan limits. Federal Direct Loan programs include:
- Federal Direct Unsubsidized Loan
- Federal Direct Grad PLUS Loan
- Direct Loans must be originated, certified, and processed though the MD Financial Aid Office.
- Borrowers must complete a Master Promissory Note (MPN) and loan entrance counseling for the Direct Unsubsidized and Direct Grad PLUS Loan programs. Federal loans are also subject to origination fee and interest rate changes from year to year.
- New for 2020-2021: Direct Loan recipients are now required to complete loan counseling and a promissory note each year a loan is taken.
External Funding Resources
Students are encouraged to search for external funding opportunities to offset their education expenses. The Financial Aid Office attempts to update and maintain a list of funding opportunities as they become available.
Requests for letters of recommendation or support should be directed to students academic advisor.
Applications requiring certification of financial need should be submitted to the Financial Aid Office.
The database is a work in progress. Please be aware that information on scholarships, fellowships and grants is updated as new information becomes available.
Additional scholarship information can be located on the web at:
Note: opening dates and deadlines for external funding opportunities change throughout the year. If a scholarship you are interested in is not currently accepting applications please check the donor's website at a later date.