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Financial Aid
Harvard University has long been a leader in its commitment to student financial assistance both on campus and in Washington, D.C. Harvard College was one of the first colleges in the nation to adopt broadly the tenets of the GI Bill and provide institutional need based grant aid to qualified students. These practices served as a model for the creation of the federal system of student financial aid. Harvard remains active on this front today. Over the past several years, Harvard College has launched two major financial aid initiatives to benefit all current and incoming students. Our need-based scholarship program has increased by 54% in the last four years, bringing the total budget to nearly $68 million for the 2002-03 academic year. Close to 50% of undergraduates receive an average scholarship of over $22,000. As a result of those recent initiatives, students with financial need will now face less educational debt on graduation and will have more time to concentrate on academic and extracurricular opportunities.
In Washington, Harvard works to increase funding for federal student aid programs, including the Pell Grant program, College Work Study, Perkins Loans, and the Javits program for graduates in the humanities. We also pursue strong federal student loan policies that provide Harvard and other students with improved access to critical, but affordable, federal student loans.
| FY2002 Financial Aid at Harvard College |
| Total $100,297,867 |
| Source |
|
|
Type |
|
|
| |
Institutional |
$68,358,353 |
|
Grants |
$74,290,020 |
| |
Federal |
$14,738,539 |
|
*Loans |
$16,835,847 |
| |
Other |
$17,200,975 |
|
Other |
$9,172,000 |
| * Includes parent loans taken outside of
identified need |
Federal Aid by Program at Harvard University (undergrad and grad) 2002-2003
| |
Awards |
Amount |
| Pell Grants |
655 |
$1,539,537 |
| Federal College Work Study |
1,643 |
$3,749,425 |
| FSEOG |
441 |
$1,726,503 |
| |
Number of Awards |
New Federal Capital |
Total Amount |
| Perkins Loans |
4,267 |
$1,095,481 |
$17,174,775 |
| Federal Loan Programs (estimated) |
| |
Number of Loans |
Total Loan Volume |
| Direct Loans |
|
|
| Subsidized |
4,500 |
$32,222,496 |
| Unsubsidized |
4,313 |
$41,375,033 |
| PLUS |
307 |
$4,789,280 |
| FFEL |
72 |
$725,896 |
Useful Links
Free Application for Federal Student Aid (FAFSA)
FastWeb: Free Scholarship and College Searches
Plus Financial Aid
eduPASS: Financial Aid for International
Students
The Student Guide: Financial
Aid from the U.S. Department of Education
Committee on Education Funding
National Administration for Student Financial
Aid Administrators
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