Pay for Harvard University*
| Total Avg. Cost | $53,950 |
| Tuition | $33,696 |
| Room & Board | $11,856 |
| Financial Aid Information | |
| Students Receiving Fin Aid | 81% |
| Typical Grant Amounts | |
| State/Local | $2,481 |
| Federal | $4,750 |
| %Receiving Loans | 10% |
| Avg. Other Stud. Loans | $4,292 |
| %Receiving Other Loans | 8% |
Get into Harvard University
| Admission Rate | 7% |
| Total Enrollment | 6,660 |
| Men | 50% |
| Women | 50% |
| Graduation Rate | 98% |
| Application Fee | $75 |
Contact Harvard University
| Address | |
|
Massachusetts Hall Cambridge, MA 02138 (617) 495-1000 |
|
| Financial Aid Office URL | |
| http://www.fao.fas.harvard.edu | |
| Admissions Office URL | |
| http://www.admissions.college.harvard.edu | |
Harvard Financial Aid
About Harvard University
One of the most prestigious universities in the world, Harvard is every students dream institute! When it comes to higher learning, it is the oldest institution in the United States. Accredited by the New England Association of Schools and Colleges since 1929, it offers forty six undergraduate concentrations (majors), 134 graduate degrees, and around thirty two professional degrees. As per the University Ranking by Academic Performance (URAP) in 2010, overall, Harvard University is the best university in the world.
Harvard Financial Aid
Harvard University Financial Aid is a critical tool in fulfilling this mission of attracting the best students from around the globe irrespective of financial circumstances. It is completely need-blind, even for international students. In fact, Harvard is one of the few colleges in the United States that extends this policy to international students. The aid is disbursed on the basis of need, as such there is no special aid based on merit in academics or athletics.Applying for Harvard Financial Aid
The process of applying for Harvard University financial aid is fairly similar to that of applying anywhere else. The deadline for Harvard University Financial Aid tends to be a few weeks after the deadline for the application. When you submit your application, you are expected to include relevant documents such as bank statements, tax returns and the FAFSA. You are expected to provide relevant information regarding the financial and marital status of your parents and other siblings who may be attending college.
Harvard Financial Aid Packages
Harvard University financial aid packages tend to be among the most generous. Students from families that earn less than $40,000 a year are essentially offered a full scholarship to cover all expenses. The vast majority of students are on some form of Harvard University financial aid and this comprises mostly of grants that do not have to be returned. These grants are provided by the university’s vast endowment. Some Harvard University financial aid packages include limited amounts of loans. Students who benefit from Harvard University financial aid are often expected to work on-campus for a few hours every week and over summer to take some responsibility for their expenses. Students who get accepted into Harvard are often talented enough to earn outside scholarships from local governments and private agencies. In such cases, the aid packages are adjusted to reduce the loan component required of students before making any adjustments to grants. It is thus an advantage to bring in outside scholarships and grants. For your help, we have a student loan comparison tool to help you search for and comparing different other student loans available. Apply for the loan that best suits your need!
Frequently Asked Questions
Q: What is Harvard Financial Aid?
A: The Harvard Financial Aid program provides students with financial assistance that allows them to pursue education at this reputed institution. The objective of the Financial Aid program by Harvard is to reduce economic barriers by providing financial aid to financial needy students.The program enables students to pay for their education and pursue a degree in their field of interest.
Q: What are the Eligibility Criteria to Get Harvard Financial Aid?
A: Financial aid is awarded to students on the basis of financial need. Unlike many other institutions, the awards by Harvard are not academic, athletic or merit based. International students are also included in this financial assistance program.
Q: What are the Types of Harvard Financial Aid?
A:
Harvard Financial Aid includes a wide array of programs such as jobs, outside awards, scholarships and loans.
All Harvard students are allowed to work during their studies. The Student Employment Office is there to assist the students in finding a suitable job to help manage the expenses of their education.
Outside Awards are another type of Harvard Financial Aid. The policy is designed to employ the full amount of outside awards first to substitute a student's term-time job expectation followed by their summer earnings expectations. Many of these awards are based on merit.
Scholarships can be awarded to students in case the term-time job expectation and outside awards are not sufficient to meet their financial needs. These scholarships are granted by general tuition revenues, Harvard endowment funds, gifts from alumni, and federal and state grants.The types of grants awarded by the Harvard Financial Aid program include Federal Pell & SEOG Grants, Supplemental Educational Opportunity Grants,and State Gilbert Grants.
Loans are another form of Harvard Financial Aid. You can get loans like the Federal Perkins Loan, William D. Ford Federal Direct Subsidized Student Loans, William D. Ford Direct Unsubsidized Student Loans, as well as Harvard Loans. Each type of loan has different eligibility criteria and rates of interest. The repayment period of these loan programs also varies from one another.