Financial Support for Cost of Attendance
The education of Knight-Hennessy Scholars is funded for up to three years for any graduate degree(s) at Stanford to which you are admitted at the time you are selected as a scholar. 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, your program may fund you for one additional year for some PhDs and three additional years for others.)
During each of the first three years of graduate study, Knight-Hennessy Scholars receive:
- 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 grant 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 (e.g., conference travel).
After enrolling at Stanford, you may wish to enroll in an additional graduate program. In this case, you may apply to the Knight-Hennessy Scholars program to receive additional funding up to a maximum of three years. Additional funding is not guaranteed.
Additional Funding for Special Situations
If you engage in optional research projects during the summer, the Knight-Hennessy Scholars program may provide summer funding, through separate application. 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.
- Fellowship stipends may be considered taxable income. The Knight-Hennessy Scholars program does not reimburse students for taxes.
- Stanford Financial Aid Office graduate student budget
- Stanford Financial Services Tax Information
- Bechtel International Center Tax Information for International Students
Last updated April 29, 2020