Does Stanford renegotiate the terms in a fellowship package during the two-year MBA program?
Our returning students do need to apply at the end of their first year for second-year financial aid, and we always tell them that as long as their financial situation remains constant between the first and second year, the students can pretty much expect the same package. The differences would be if somebody had a higher or lower income in the summer before they come or in the summer between the two years. That might affect their aid one way or the other, but in general, if things stay the same, they can expect the same amount of aid, adjusted for the increase in the student budget. Federal aid is another source students can exploit to foot their MBA bill. In fact, given the average $45,000 in debt Stanford MBAs graduate with, I’d imagine that more than a few submit their FAFSA forms. Yes, they do. As a matter of fact, approximately 50% to 60% of our students borrow from federal funds. But federal aid is only a portion of the amount that our students borrow. Approximately 65% to 70% b
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