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.
Stanford MBA China Entrepreneur Loan Forgiveness Program
In December 2017, the GSB will be piloting a loan forgiveness program to assist MBA alumni who are pursuing an entrepreneurial venture operating in Mainland China in repaying their GSB loan obligations.
The objective is to support MBA alumni from Mainland China in reducing their financial burden of repaying their GSB loans while they are initially launching their entrepreneurial venture. Financial support will be provided for a period of one year with possible renewal for a second year.
Besides having incurred GSB loan obligations, applicants must have received Seed funding to support the launching of their venture primarily being operated in Mainland China.