It costs $74,570 a year to go to Stanford—but here's how much students actually pay

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It costs $74,570 a year to go to Stanford—but here's how much students actually pay
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It costs $74,570 a year to go to Stanford—but here's how much students actually pay via CNBCMakeIt

, tuition costs $52,857 per year, while room and board costs $16,433 per year.

Over four years, a Stanford education would theoretically cost $298,280 but many students do not end up paying nearly this much. that roughly 70% of students receive some form of aid — need-based or otherwise — to attend Stanford. During the 2018-2019 school year, 47% of students received need-based aid from Stanford and paid an average of $13,600 toward their bills.

Students from families making between $65,000 and $95,000 receive $65,050 on average in scholarships and grant aid, making their average net cost $9,248. Students from families making between $95,000 and $125,000 receive $57,098 on average in scholarships and grant aid, making their average net cost $16,294.

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