Types of Aid | Harvard

Types of Aid | Harvard

Scholarships & Grants

When you qualify for monetary help from Harvard, we use a mixture of assets to create an individualized help package deal to fulfill your demonstrated want. This could embrace scholarship funds and student employment, in addition to any awards you’ve earned from exterior sources. Parent and student loans are additionally obtainable for households.

Because Harvard is dedicated to affordability, our scholarships are designed to cowl 100% of your demonstrated monetary want. Here is our course of:

  • First we decide your award by establishing your mother or father contribution
  • Then we consider student employment and any exterior awards you’ve obtained
  • Your remaining want will likely be lined by scholarship funds that are grant-based and by no means have to be repaid

Scholarship funds come from quite a lot of sources, together with Harvard endowment funds, items from alumni, common tuition revenues, and federal and state grants.

The Faculty of Arts and Sciences Scholarship program contains greater than 2,000 particular person endowment and reward funds, established by beneficiant alumni and donors, together with a transformational $150 million reward from Ken Griffin ‘89. We report back to many of those donors yearly utilizing the knowledge students share with us over the summer season.

Federal and state grants

If you’re a U.S. citizen or everlasting resident, chances are you’ll be eligible for a Federal Pell Grant or a Supplemental Educational Opportunity Grant (SEOG). Your eligibility is set by the knowledge you present in your Free Application for Federal Student Aid (FAFSA).

Pell Grants and SEOG are awarded by the federal authorities and administered by our workplace, primarily based on monetary want. Within 10 days of submitting your FAFSA, you’ll obtain a Student Aid Report indicating your eligibility for a Pell Grant. Of the roughly 6,600 present undergraduate students at Harvard College, 16% are Pell Grant recipients.

If you’re a Massachusetts resident, you may additionally be eligible for a state Gilbert Grant, which is awarded on the idea of want. These awards don’t have an effect on your term-time work expectation.

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