Annual Costs

Undergraduate Tuition

Tuition for Harvard University is $46,340 for the 2018/2019 academic year. This is 63% more expensive than the national average private non-profit four year college tuition of $28,471. The cost is 41% more expensive than the average Massachusetts tuition of $32,758 for 4 year colleges. Tuition ranks 62nd in Massachusetts amongst 4 year colleges for affordability and is the 21st most expensive 4 year college in the state. Price does not vary by residence.

The school charges an additional fees of $4,080 in addition to tuition bringing the total effective in-state tuition to $50,420.

Housing Costs

On campus room and board is provided by the school at a cost of $17,160 per academic year. Students electing to live off campus elsewhere in Cambridge should budget at least this amount.

Books and Supplies

The estimated annual cost for books and supplies is $1,000.

Other Living Expenses

If living on-campus, students should budget for $3,070 in additional living expenses. Off-campus students should budget for $0 in other miscellaneous living expenses.

Total Costs

The annual tuition and living expense budget to go to Harvard was $71,650 for the 2018/2019 academic year. The cost is the same for all students regardless of Massachusetts residence status as there is no in-state discount.

Citation: Price data from the U.S. Department of Education's 2018-2019 and 2017-2018 IPEDS survey response for Harvard University and represent reported costs for the 2016-2017 and 2015-2016 academic years.

Costs and Tuition for Harvard University Estimated Budgets Massachusetts Resident Total Budget $71,650 In-State Tuition $46,340 Other Fees $4,080 Room and Board $17,160 On-Campus Other Budget $3,070 Books and Supplies $1,000 Non-Resident Total Budget $71,650 Out-of-State Tuition $46,340 Other Fees $4,080 Room and Board $17,160 On-Campus Other Budget $3,070 Books and Supplies $1,000


What it Really Costs Depending on many factors including student and parent income and assets, the total cost of attendance may be less than the $71,650 published price if scholarship or grant aid is made available to you. Net Price The net out-of-pocket total cost you end up paying or financing though student loans is known as the net price. The reported Harvard net price for in-state students is $17,030* for the 2014/2015 academic year. This net price includes housing and meal expenses. Pell Grants and other Grant Aid 56% of Harvard University students received grant aid in 2014/2015. The average total aid amount was $49,870. 15 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2014/2015 was $4,659. To apply for a Pell Grant to attend Harvard University, the first step is to fill out the Free Application for Federal Student Aid (FAFSA). Net Price and Financial Aid for Harvard University Financial Aid Summary Average Annual Net Price $17,030* Percent of Students Receiving Grant Aid 56% Average Total Grant Aid $49,870 Percent of Students Receiving Pell Grants 15% Average Amount of Pell Grant Aid $4,659

Average Net Price by Family Income The average net total cost of attendance for different levels of family income after federal, state or local government, institutional grant and scholarship aid are awarded. Data last published for the 2014/2015 academic year. Family Income Avg. Net Price $0 to $30,000 ($230) $30,001 to $48,000 $632 $48,001 to $75,000 $3,392 $75,001 to $110,000 $15,613 $110,000+ $42,123 Average Financial Aid Mix - $71,650 In-State Total Cost CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $71,650. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income. 73% 7% 20% Grants and Scholarships 73% - $49,870 Money granted to you by the U.S. Department of Education, Harvard University or other organizations. These are not loans and do not need to be repaid. Federal Loans 7% - $5,133 Low interest student loans funded by the U.S. Department of Education. This amount will need to be repaid. Out of Pocket 20% - $13,577 Covered by family savings, work or private student loans which you will have to repay. *Reported Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's Academic Year 2014-2015 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price. Note that for colleges with no reported on-campus room and board, the average net price has been increased to account for living expenses. This number may not only reflect the net price paid to the school for tuition.

Is it Worth the Cost? To make a comparative assessment if Harvard is worth the price, measures of it's relative value for tuition dollar can be examined. We've calculated an academic national percentile rating of 99/100 for Harvard University. Considering an average net price paid of $18,277, this leads to an overall value ranking of 82/100. This places the school 21st on our national Best Value Colleges ranking as a provider of a very high value education compared to actual overall price paid.

Tuition Comparison to Similar Private Colleges in the Region

Cost of a Degree When considering ability to pay for college, the annual cost is often discussed but it's the "all in" multi-year degree cost which matters in the end. Let's take a look at what it could really cost for four years at Harvard University. Estimated 4 Year Cost at Published Tuition At the current published rates, an estimated total tuition, fees and living expense price for a 4 year bachelor's degree at Harvard is $286,600 for students graduating in normal time. This methodology for estimating the 4 year cost is a straight multiple of the most recent reported annual total cost and does not factor in tuition increases during the time you're in school. It also assumes you receive no grant or scholarship aid and pay the full list price. A potentially more accurate but less conservative estimate of a degree cost can be made by using the school's annual $18,277 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $73,108** If you end up on the "five year plan" and need an additional year to graduate, your five year cost could be as high as $358,250 or $91,385 using an average net price. **Based on a 4 year multiple of Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's 2014-2015 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Other Costs Estimated Cost Per Semester Most colleges don't charge students on an annual basis but instead require payment semester by semester. If you ever need to take an additional semester of classes to complete you degree you shouldn't have to pay for a full academic year. These our estimated costs for a semester at Harvard University. Massachusetts Resident Tuition Per Semester $23,170 Massachusetts Resident Total Cost Per Semester $35,825 Cost Per Credit Hour and Cost for a Class Some schools offer the ability to take single classes by paying on a per credit hour basis. The reported price per credit hour and estimated cost for one class at Harvard University are as follows. Per credit costs are for reference only as many schools will not allow students to pay by credit hour. Cost per credit hour and per class at Harvard University Price per credit hour $1,448 Cost for one class (3 credit hours) $4,344 Cost for one class (4 credit hours) $5,792

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Student Loans and Debt The second consideration after understanding the cost of college is determining how to finance it. Some students are fortunate enough to have some form of family financial assistance, but student loans end up financing a significant portion of higher education in the U.S. 3% of Harvard University students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $5,133. Example Loan Payments and Costs How much are student loan payments for Harvard University? Obviously this varies based on a number of factors - offsetting financial aid you receive, percentage of fee you pay upfront while enrolled and the interest rate on your loans. We've modeled a sample student loan based on current Stafford loan rates to give you an approximate idea. The following are the costs for a loan if you borrowed $73,108, 100% of the estimated average net price for a four year program and paid nothing while enrolled. The total of all payments including interest would sum $90,710.26. This could be your effective total out of pocket cost of an education at Harvard University. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 56% of students at this school who receive financial aid and you are paying an average annual net price of $18,277. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our Harvard University student loan calculator below to change loan assumptions and recalculate. Student loans are not free money and must be repaid. You cannot dismiss student loans by via bankruptcy. Harvard University Student Loan Payments Example Payments Monthly Loan Payment $755.92 Amount Borrowed $73,108.00 Interest Rate 4.5% Term 10 years Number of Monthly Payments 120 Total Interest Cost $17,602.26 Sum of All Payments over 10 years $90,710.26 Affording Student Loan Payments and Post Graduation Salary Can I afford to attend Harvard? In the end, the answer comes down a determination if you will earn enough to comfortably pay back a student loan with your post graduation salary. This is an extremely important point to consider. In order to afford student loan payments and still meet all your other costs of living, it is recommended not to borrow more than you can pay back using 10% of your monthly income earned after graduation. If you're considering attending Harvard University, you need to carefully consider if it will be realistic to make the post graduation loan payments based on your expected salary. Using the 10% of salary threshold, an annual income of $90,710.26 would be needed to afford a $755.92 monthly payment in the example $73,108.00 loan modeled above. You will need to determine if it is at all realistic that you will be earning this type of salary after graduation. This assumes a loan payback over 10 years. You can change the terms of this example loan using the student loan calculator below.

Estimated Future Cost and Expected Tuition Increase What will it cost to send your child to Harvard University in the future? In the past four years, this school's published in-state tuition and fee total rose from $37,576 to $46,340. This amounts to an average annual price increase of 4.7%. Nationally, university tuition prices are rising around 5% per year. Looking out five, ten, fifteen or eighteen years, these are CollegeCalc's estimates how much you could expect to pay for a 4 year degree assuming tuition increases at the national average rate. Estimated future prices are based on the current 4 year cost of $286,600.00. Use the college savings plan calculator below to perform a more comprehensive analysis on future costs and how much you will need to save for Harvard University. Annual 4 Year Degree Estimated Cost in 5 years for students enrolling in 2025 $98,535 $394,142 Estimated Cost in 10 years for students enrolling in 2030 $125,759 $503,036 Estimated Cost in 15 years for students enrolling in 2035 $160,504 $642,016 Estimated Cost in 18 years for students enrolling in 2038 $185,803 $743,213

Tuition History What was tuition at Harvard five, ten, fifteen or twenty years ago? Hop into our time machine and take a look. Pay attention to how aggressive the school has been with price increases in the past as it provides indication as to how the school may raise tuition in the next few years. Historical tuition and fees for all available data years back to 1987 follows. Year Tuition Annual Increase 2012 $36,305 3.8% 2011 $34,976 -5.5% 2010 $37,012 2.3% 2009 $36,173 3.4% 2008 $34,998 3.8% 2007 $33,709 5% 2006 $32,097 4.8% 2005 $30,620 5.4% 2004 $29,060 5.9% 2003 $27,448 5.5% 2002 $26,019 3.5% 2001 $25,128 3% 2000 $24,407 10.8% 1999 $22,028 3.6% 1998 $21,266 4.1% 1997 $20,424 4.9% 1996 $19,472 5.3% 1995 $18,485 5.8% 1994 $17,470 6.2% 1993 $16,454 6.8% 1992 $15,410 6.6% 1991 $14,450 6.7% 1990 $13,545 6.5% 1989 $12,715 5.8% 1988 $12,015 5.5% 1987 $11,390

Calculators

Use the calculators below to formulate a college savings plan for Harvard University or model a student loan.

College Savings Calculator Plan and Save for College Discover how much will you need to start saving now to afford Harvard University in the future. Current Annual Cost Current Age of Prospective Student Newborn 1 Year Old 2 Years Old 3 Years Old 4 Years Old Kindergarten First Grade Second Grade Third Grade Fourth Grade Fifth Grade Sixth Grade Seventh Grade Eighth Grade High School Freshman High School Sophomore High School Junior High School Senior Assumed Annual Rate of Tuition Increase 0% 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% Current College Savings Balance Investment Return on Savings 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% 16% 17% 18% 19% 20% Calculate Savings Plan

Student Loan Calculator Estimate Loan Payments Modify the loan assumptions to fit your financial situation and likely tuition price. Then calculate your payoff and loan payments for a Harvard University student loan. Loan Amount Interest Rate (Stafford Loan rates are 5.05% for subsidized and unsubsidized undergraduate student loans as of July 1, 2018) Loan Term (Years) Calculate Loan Repayment Prepayment Option How much student loan interest charges would you save by paying off a little more each month? Calculate With Extra Payment

About Harvard University Harvard University is a four year private college located in Cambridge, Massachusetts. Full time enrollment is 21,006 and part time is 10,560. Learn more about getting accepted at Harvard University at CollegeSimply. Students attending this school may pursue both undergraduate and graduate degrees.

Harvard University

Massachusetts Hall

Cambridge, Massachusetts

2138

http://www.harvard.edu/ Address

For Profit / Not For Profit Status Harvard University is a private not for profit institution.