Student Loans for Harvard Students
About Harvard University
One of the most prestigious universities in the world, Harvard is every student’s dream college! 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 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!
There are a number of financial aid options available for students studying at Harvard. Namely, you can apply for federal loans such as the Perkins and the Stafford. These loans come with low interest rates and flexible repayment options. On the other hand, you may opt for scholarships. Scholarships fall into two categories: institution scholarships such as the Harvard scholarship, and then state scholarships. Grants and work-study programs are also popular ways to fund your education costs so that you may fulfill your academic goals at Harvard.
Is financial aid at Harvard need-based?
Harvard University offers a range of aid programs. Most of these aid programs are need-based, and admissions here is need-blind, meaning your financial background is irrelevant. To demonstrate a need for financial aid you must fill out the FAFSA.
Is it easy to apply for financial aid at Harvard University?
Financial aid At Harvard University is offered to students regardless of their financial background or social class. These aid programs are both need-based and merit-based. Any student who demonstrates need may apply.
Why should I apply for Harvard University scholarships?
Harvard University is a globally renowned university, and Harvard University scholarships are aimed toward helping students pay for tuition costs and educational expenses. These are mostly merit-based and are awarded to students based upon their academic achievements.
Pay for Harvard University*
|Total Avg. Cost||$53,950|
|Room & Board||$11,856|
|Financial Aid Information|
|Students Receiving Fin Aid||81%|
|Typical Grant Amounts|
|Avg. Other Stud. Loans||$4,292|
|%Receiving Other Loans||8%|
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*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics