Academic Year Beginning September 2012-13

Expenses

The PhD Program provides financial aid to qualified doctoral students and generally guarantees four years of support based on satisfactory academic performance. Students making satisfactory progress and needing financial aid normally receive full tuition and at least 90 percent of estimated living expenses (not including expenses for dependents) in the form of a fellowship stipend and/or a research or teaching assistantship.

The Admissions Committee evaluates application files without any knowledge or consideration of an applicant's financial status. The Program announces financial aid awards at the same time as admissions decisions.

Living expenses for Stanford depend on a number of factors: whether you are married, have children, own a car, and how you spend your leisure time.

For the 12-month academic year 2012-2013, on-campus expenses for a single student have been calculated as follows:

* Students living off-campus should add 10-15% to the total living allowance for a more realistic estimate.

† For students enrolled during the full academic year, there will be no medical insurance (Cardinal Health Care) charge during Summer Quarter.

‡ A portion of tuition and health insurance (Cardinal Health Care) will be paid by Stanford University for graduate students with assistantship appointments or applicable fellowships.

Child Care: Costs can range from $900 - $2,250 per month.

Living Costs for Spouse: $12,000 (9 months); $16,000 (12 months).

Living Costs for Children: $3,000 (9 months); $4,000 (12 months).

Medical Insurance for Spouse and/or Children: See the Vaden Health Center web site or contact the Insurance Office at (650) 723-2135 or email [email protected].

Taxation: Fellowship stipends and assistantship salaries are subject to taxation. This tax liability should be included in budget planning.

Visa Authorization Eligibility: For verification of funds for visa authorizations, international students must provide evidence of the amount indicated, plus $500 per adult and $250 per child for relocation costs and vacation periods. International students receiving stipends from Stanford must also verify access to an additional 14% to cover U.S. taxes on the stipend unless a federal tax treaty applies to this income.

Residence Requirements

Each type of graduate degree offered at Stanford has a residency requirement based on the number of academic units required for the degree For the PhD in Business Administration, 135 units are required It is Stanford's general policy that units are applicable toward only one degree Units may not normally be duplicated or double-counted toward the residency requirement for more than one degree Only completed units are counted toward the residency requirement.

Sources of Financial Aid: Stanford Research and Teaching Assistantships

Research and teaching assistantships are normally included as part of a student's funding from Stanford, and assistantship funding comprises a substantial part of the student's overall financial support. Academically, a research assistantship serves as an apprenticeship in research that is often the basis for the dissertation research that follows. A teaching assistantship provides experience with the different aspects of the teaching process: course preparation, presentation skills, grading and evaluation.The standard terms of the assistantship depend on the student's field and tenure in the Program. Most students also have summer assistantships of 20 hours per week for a period of two months.

Supplemental Income
There are various means of increasing one's income beyond the granted GSB financial support package. One method is incidental grading and tutoring, informally known as hourly work. Foreign students by the terms of their visas cannot work more than 20 hours per week while school is in session. U.S. citizens cannot work more than 28 hours per week.

Professional Development Grants
The PhD Program encourages students to attend professional conferences by providing funding to cover expenses in travel, publication submission fees, or professional organization membership fees. Professional conferences enable students to (1) gain exposure to types of research that we do not do here at Stanford, (2) discuss state of research in different areas, (3) discuss and get feedback on one's own work, and (4) meet leading faculty and PhD students from other schools.

Loans
The Stanford University Graduate School of Business is working with the Stanford Federal Credit Union (SFCU) and Citibank to provide private educational loans to international business school students. There may be other private educational loans for international students. However, many private educational loans do not offer the combination of relatively low interest rates with the possibility of not requiring a co-signer for the loan. Repayment of loans usually commences six months after graduation or six months after a student drops below one-half-time registration, whichever comes first. Further information is available from the Financial Aid Office.

Sources of Outside Financial Support
PhD Program students at the Graduate School of Business have achieved the distinction of receiving fellowship support from a wide array of scholarship foundations. Some commonly won awards are fellowships granted by National Science Foundation, State Farm Foundation, Deloitte & Touche Foundation, Peat Marwick Foundation, John M. Olin Foundation, KPMG Foundation, Department of Energy, and Environmental Protection Agency.

Outside Employment
The full-time study load at the school allows very little time for outside employment. Students should not plan to rely on part-time work to defray any of their expenses. Because of the rigorous requirements of the PhD Program and its research orientation, the Program strongly discourages any outside employment other than research with the faculty and incidental grading and/or tutoring positions.