Stanford GSB is dedicated to preparing our MBA graduates to lead institutions in all industries.
In order to encourage MBAs to make meaningful contributions to social issues, economic growth, and political stability in organizations where salaries are typically lower, we developed a loan forgiveness program to reduce the financial impact of Stanford GSB educational debt for graduates entering the nonprofit and public service sectors.
Stanford MBA Nonprofit/Public Service Loan Forgiveness Program
This program is part of the school’s broader goal to have greater social impact and increase our community’s social awareness and accountability.
Its objective is to encourage MBAs to enter nonprofit and public-service sectors by reducing the financial impact of their educational debt on the relatively low salaries these sectors offer. The program accomplishes this by paying a percentage of graduates’ Stanford GSB loan obligations while they are employed in nonprofit or public service.
The income eligibility for full loan forgiveness is updated annually, and is based on a percentage of the median base salary and bonus income of our prior year’s graduating class. Assets will be considered when determining eligibility. Although a reasonable amount of assets will not disqualify an applicant, substantial amounts of assets may lead to a reevaluation. Stanford MBA graduates may apply at any time during their career while they are still in loan repayment status.