Knight-Hennessy Scholars at Stanford University will be the world's largest fully endowed scholars program. Of the $750 million endowment, more than 85 percent directly supports the graduate education and living expenses of the Scholars.
Financial Support for Full Cost of Attendance
The education of Knight-Hennessy Scholars is fully funded for any graduate degree at Stanford. The Knight-Hennessy Scholars program funds up to the first three years of your graduate education, and if your degree program exceeds three years — such as an MD or PhD program, or a Stanford dual- or joint-degree program — then your Stanford home department(s) will fund the remainder of your education to the extent consistent with its standard funding commitment for that program. (That means, for example, five years for some PhDs and six years for others.)
During each of the first three years of graduate study, Knight-Hennessy Scholars receive:
- a fellowship applied directly to cover tuition (commensurate with standard departmental level of enrollment) and associated fees, and
- a stipend for living and academic expenses (such as room and board, books, academic supplies, instructional materials, local transportation, and reasonable personal expenses), and
- an economy-class ticket for one annual trip to and from Stanford.
- NOTE: Knight-Hennessy Scholars also may apply for supplemental funds to support academic endeavors (e.g. conference travel).
You may view a sample graduate student budget.
Additional Funding for Special Situations
If you engage in optional research projects during the summer, the Knight-Hennessy Scholars program can provide summer funding. In addition, Knight-Hennessy Scholars pursuing positive impact through social entrepreneurship may be eligible to apply for seed funding.
What is Not Covered
The Knight-Hennessy Scholars program typically does not cover costs that your home department at Stanford pays for its students - such as for subscriptions or lab equipment.
Last updated February 12, 2018