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Funding

Knight-Hennessy Scholars at Stanford University will be the world's largest fully endowed scholars program. More than 80 percent of the endowment directly supports the graduate education and living expenses of the Scholars.


Financial Support for Cost of Attendance

The education of Knight-Hennessy Scholars is funded for any graduate degree(s) at Stanford to which you are admitted at the time of your selection as a scholar. The Knight-Hennessy Scholars program funds up to 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, four 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
  • a travel stipend intended to cover an economy-class ticket for one annual trip to and from Stanford.
  • NOTE: Knight-Hennessy Scholars also may access supplemental funds to support academic enrichment and wellness (e.g. conference travel).

You may view a sample graduate student budget.

After enrolling at Stanford, you may wish to enroll in an additional graduate program. In this case, then you must receive prior approval from the Knight-Hennessy Scholars program if you wish to access additional funding for the graduate program.


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 ventures 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 October 31, 2019

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