Harvard University Financial Aid and Scholarships
Students Receiving Aid
43%
Total Aid Amount
$203.242M
Financial Aid Official Website
college.harvard.edu/financial-aid
Among them are scholarship programs such as Alan and Janette Blackburn Scholarship, Carnegie Dartlet $10,000 Scholarship, Charles S. Noble Scholarship for Study at Harvard, and Community Service Scholarship for Multicultural Students. As many as 73% of the students at HU get some sort of financial aid, and the total amount of assistance/loans provided is more than $932,558 in a year. At HU, the total percentage of applicants who receive the Federal Grant stands at 18%. In comparison, 57% of the students are awarded the Student Grant, 57% get the Institution Grant, and 18% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $7,465, while the same comes to $2,697 for State Grant receivers and $53,138 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,859. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Harvard University, the percentage of candidates who opt to avail of student loans is around 7%.
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