retiree at home

The Stanford campus is home to many emeriti faculty. The following outlines general policies that may be of interest to the retiree community. These are the current general policies. See specific provisions in your lease and loan documents. The terms retiree and retirement on this site refer only to Official Retirement as defined by Stanford University at http://benefitsu.stanford.edu/retiree/when.html.

 

When an Eligible Person Retires

  • Faculty and staff who own a campus home at the time of their retirement in an eligible position may continue their campus lease until their death (maximum 10 year limit at Olmsted Terrace).
  • The Eligible Person must continue to maintain the campus home as his/her primary place of residence.
  • If no Eligible Person owns and lives at the property, the property must be sold within two years (one year at Olmsted Terrace). 

When an Eligible Person Dies

  • If an Eligible Person dies and leaves a Surviving Spouse or Partner, the Surviving Spouse or Partner may become the Eligible Person based on the terms and conditions of the Eligible Person's lease. Occupancy after death is limited to a maximum of 10 years at Olmsted Terrace.
  • The Surviving Spouse or Partner must continue to maintain the campus home as his/her primary place of residence.
  • If no Eligible Person owns and lives at the property, the property must be sold within two years (one year at Olmsted Terrace). 

When a Retiree Sells a Campus Home

  • Eligibility to purchase homes on-campus is limited to (1) active faculty who meet the eligibility requirements and (2) retirees who own a campus residence and wish to down-size to a condominium at Pearce Mitchell or Peter Coutts. At Olmsted Terrace, all houses must be sold back to Stanford.

When a Retiree Lives Off-Campus

  • A retiree who lives off-campus may not purchase an on-campus home, regardless of whether or not the retiree has ever owned a campus residence.

Other Housing Programs

Housing Allowance Program (HAP)
The Housing Allowance Program (HAP) terminates upon retirement.

Stanford Loans

  • The Mortgage Assistance Program (MAP) can be retained after retirement. 
  • Certain Stanford loans are due upon retirement or death.  See note for due date provisions.
  • Effective July 1, 2006, DIP and DIP-T loan borrowers may amend their loans at retirement to a DIP-R (Deferred Interest Program at retirement). A current interest rate equivalent to the then current MAP loan current interest rate will apply. The amendment of the loan must occur prior to retirement. Other changes also apply. Download the current DIP document for more detailed information.
  • No new assistance programs, including loans, are available to a retiree.

 Informational Documents Available from Faculty Staff Housing