Leland Stanford Junior University, or better known as Stanford University, is a privately-owned university of research that is located in Stanford, California, near Palo Alto. For its contributions in research and general academics, Stanford is considered one of the world’s leading institutions. It was founded in 1891 by a politician and railroad tycoon, Leland Stanford, in honor of his deceased son, Leland Stanford Jr., who had passed away from typhoid as a teenager.
Stanford, when dealing with distance learning, is working to spread education around the world. The university is in the midst of collaborating with individuals in Chile, Africa, Russia, and many other countries around the world to form collaboration in a world that they consider increasingly borderless. Stanford is relentlessly working towards creating a global framework through which people of the world can pursue higher education.
The university does not feature a central hub through with distance education is conducted, but rather leaves the task of online education to be carried out by its separate, subsidiary institutions. For example, there are online statistics courses leading to a few credentials. Thus, technically, the university is distance learning capable.
The online statistics courses are provided to students in the field of statistics and research and are expansive in number. Some course titles include Algorithmic Trading, Introduction to Mathematical Finance, Theory of Probability, Data Mining & Analysis, Statistical Methods in Engineering & the Physical Sciences, and Financial Modeling Methodology & Applications. In making use of these courses, a student can earn a Graduate Certificate in Data Mining & Applications or a Graduate Certificate in Quantitative Methods in Finance & Risk Management. There is also a Master of Science in Statistics available, but this cannot be fully earned online.
There are other online classes at Stanford, but these are non-credit. These are offered through the Stanford Health Promotion Resource Center, and cover topics of health and wellness. Taking these courses may help with one’s personal life.
Stanford is a high-quality college and has a notably premium price tag. For undergraduate study, a student pays $36,030 per year, assuming they take between 12 to 18 credit hours per semester. Part-time enrollment is calculated at $801 per credit hour. Graduates pay the same rates, with some exceptions by program. Generally, the same rates apply to graduate students.
The university offers competitive grants and awards for the purposes of lowering tuition on the basis of academic merit. Stanford does give quite a bit of money to students that qualify. Just about half of the student body receives grant aid directly from the university itself. The average amount received by this 54% of the student body is $25,584 per year! Some students have their tuition covered, while others receive well over $10,000 per year in the form of a partial scholarship. The state of California funds a small percentage of the student body, 7%, with an average of $10,000 in grants to help pay for tuition as well.