Location: Palo Alto, California
Average Annual Undergraduate Tuition and Fees:$51,354
Annual Research Budget:$1.07 billion
Stanford University, opened in 1891, was built and funded by railroad magnate and former state governor Leland Stanford on the site of a former 8,000-acre stock farm, now valuable land in the San Francisco Bay area.
Stanford has the fourth largest endowment in the U.S., at $26.5 billion, and is the tenth-ranked school academically in the country, according to U.S. News & World Report.
Stanford is well known for its highly ranked schools of education, engineering, law, medicine and business. Stanford’s total student enrollment is 17,178, with 7,062 undergraduates.
In 1951, the university established the Stanford Research Park for technology firms started by staff and students, which helped give rise to nearby Silicon Valley. North America’s first website went online at Stanford’s National Accelerator Laboratory in 1991. Stanford is a world-leader in artificial intelligence, robotics, energy technology and human design.