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Funding

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Financial Support for Cost of Attendance

Knight-Hennessy scholars receive funding for up to three years for any graduate degree(s) at Stanford. This funding applies to the degree(s) to which scholars are preparing to enroll at the time of scholar selection.

During each of the first three years of graduate study, Knight-Hennessy scholars receive several types of funding:

  • A fellowship applied directly to cover tuition and associated fees
  • A stipend for living and academic expenses (such as room and board, books, academic supplies, instructional materials, local transportation, and reasonable personal expenses)
  • A travel stipend intended to cover an economy-class ticket for one annual trip to and from Stanford

Note several additional point specific to certain years:

  • Newly enrolling scholars receive a one-time relocation stipend intended to offset some of the costs associated with relocation to the area and/or technology purchases.
  • Scholars in their second and third years may apply for supplemental funds to support academic enrichment activities  (e.g., conference travel).​

Knight-Hennessy Scholars (KHS) provides funding for the degree program listed in the initial KHS admission letter. Scholars who wish to enroll in an additional graduate program may apply to KHS to receive additional funding up to the maximum of three years. This additional funding is not guaranteed. 

If a scholar is admitted to a degree program that exceeds three years — such as an MD, PhD, or Stanford dual- or joint-degree program — then funding is based on the graduate degree program’s standard funding commitment. This varies by department and school, as indicated in the chart below. Please contact the graduate program with specific questions about their funding commitment. 

Degree program

Quarters of KHS tuition & stipend

Years of funding

Degree program funds

MA, MBA, MFA, MPP, MS, JSM, MLS, LLM

Up to six academic quarters

1 - 2

N/A

JD

Nine academic quarters

1 - 3

N/A

MD

up to 11 quarters (does not include summer quarter of year 1)

1 - 3

Years 4 and 5*

PhD, DMA 

up to 12 quarters: nine academic quarters (Autumn, Winter, Spring) and three summers

1 - 3

Year 4 and beyond

JD/MBA

Nine academic quarters

1 - 3

Need-based: apply to the graduate school’s financial aid

Medical Scientist Training Program (MSTP, MD/PhD)

Up to 12 quarters: nine academic quarters (Autumn, Winter, Spring) and three summers

1 - 3

Year 4 and beyond

*For MD students

  • The Medical School will fund the remaining years, consistent with its standard funding commitment to MD students, which consists of tuition support and stipend. 

What is Not Covered


Resources


PIease contact KHS with any questions about how funding might apply to specific individual circumstances.