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Monday, July 8, 2024

How much does it cost to study at Harvard?

 Not including scholarships or grants, the cost of studying at Harvard is approximately $90,000 per year . This amount includes the costs of accommodation, food, insurance and study materials.

If you think this is a high amount, you should know that more than 70% of Harvard students receive scholarships and, according to the university, one in five does not pay tuition. In this article we will tell you all the details.

Harvard Undergraduate and Graduate Costs

The cost of attending Harvard is an individual matter and is not paid as a lump sum. The criteria for calculating tuition rates include income level and personal and family assets. 

Bachelor's tuition fees

According to the university, one academic year at Harvard University costs between $54,000 and $60,000 for students in the four-year bachelor's program. This does not include room and board , as well as about $300 per month allocated for personal expenses; and about $2,800 for travel expenses.

In short, more than $90,000 a year.

In addition, tuition costs must be paid per semester and not per month. But don't worry, this does not include scholarships or financial aid , which in most cases students receive once they are accepted to the university.

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Graduate tuition fees

On the other hand, applicants for graduate programs will have to pay much more than undergraduate applicants.

For example, a year at Harvard Business School costs $80,000 on average, a year at Law School costs around $70,000 on average, and at Medical School the costs are just under $80,000 per academic year.

This again does not include the costs of food or accommodation , so the cost is even higher. 

Depending on whether students pursue a bachelor's or graduate degree, the costs of the entire degree can total more than $200,000.

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Net costs per year: How much does it cost to study at Harvard per year?

According to Harvard University's financial aid page, the general budget that applicants should consider is:

  • For full-time student tuition, the amount per year would be $60,000 on average.
  • Health insurance costs $5,282. 
  • Services and food: $21,130.
  • Books and Accessories: $1,000.
  • Annual transportation: $1,422.
  • Finally, personal expenses: $4,300.

The total annual average would be almost $95,000 for the school year, which is 9 months. 

Harvard Campus | How much does it cost to study at Harvard?

Financial Aid Program

In order to avoid paying a high amount for your studies at Harvard, you should apply for a suitable scholarship in advance. This will give you the opportunity to pay only an amount that your financial situation allows.

Did you know that you could study at Harvard University for free? All Ivy League universities , Harvard being one of its members, state that students' financial situation is not a determining factor in the application process and that there are sufficient scholarships available to support high-achieving students.  

Any student who wants to apply for a place at an Ivy League university should plan to apply for a scholarship right away. Nearly 70% of undergraduate students, for example, receive a scholarship of at least $30,000 a year to help pay for the exorbitant tuition fees. 

The amount of the Harvard University scholarship depends on the family's income:

  • If the student and his or her family have an annual income of less than $65,000, and the student does not have a high net worth, he or she may be able to attend Harvard for free.
  • For all students who are not under up to $150,000 must pay 0 to 10% of income. 
  • And if the student and his family have an annual income of more than $150,000, they will have to pay proportionally. 

It is important to mention that these scholarships are awarded once the student has been accepted, so having the right profile to enter Harvard is key.

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Scholarships at Harvard Business School

Harvard Business School has a financial aid program that can be applied for if the student earns less than a certain amount per year. In this way, Harvard waives a large part of the tuition fees required by the student and the student will only pay a small part of the initial tuition fees. The rest of the expenses can be covered with your savings. 

[su_box title=»Take note of this detail! «]Harvard Business School recommends budgeting $106,800 per academic year.[/su_box]

Summer Schools

If the financial burden of studying at Harvard is too great for you, you can get a brief idea of ​​this famous university with the help of the so-called “summer schools”. During this time, you can attend individual courses at this elite university for at least three months, and get a taste of Ivy League life. 

The program is offered once a year and welcomes 5,000 students from over 100 different countries with a brief overview of Harvard's course offering. In addition to the application, one must pay around 5,000 dollars to study at the summer school.

If you are planning to apply to Harvard , we invite you to learn more about our Admission Advisory Program , which will help you define the best strategy for your application to the university and its scholarships. Register now and contact one of our admissions specialists!

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