Would you like to study at Harvard University? But you do not know the cost of studies in this academic institution. Well, to give you an advance, the total cost of studying at Harvard is 90,000 dollars per year, this amount includes the consumption of food, study material, insurance and accommodation.
It may seem expensive to you, but let me mention that more than 70% of the students of this university obtain scholarships and according to the statistics of the same institution, one in five students does not pay the fee. Do you want to know more about the subject? In this article we will give you more information about it.
The amount of studying at this university is an individual matter, so the total is not paid at once. However, among the guidelines for calculating enrollment is both personal and family assets. In addition to the level of constant income. Let’s know the cost of tuition for undergraduate and graduate degrees.
Undergraduate tuition fee
It should be noted that taking an academic year for an undergraduate degree at Harvard ranges from $54,000 to $60,000. Highlighting that these careers have a period of 4 years, this totality does not include maintenance or accommodation expenses.
In addition, there are the 300 dollars per month established for personal expenses, as well as about 2,800 dollars for travel consumption. In certain accounts, it works out at $90,000 a year.
On the other hand, we have that the enrollment costs are paid per semester and not monthly. But if you are interested in studying at this institution, you should not worry, because this does not imply financial aid or scholarships that most students acquire once the university approves them.
Postgraduate tuition fee
As for the people who apply for postgraduate programs, it becomes more expensive, compared to those who study undergraduate. Let’s explain it in a clearer way, suppose that a year at Harvard Business School has an average of 80,000 dollars. The same amount of year in the School of Law has an approximate value of 70,000 dollars, while in the School of Medicine, the value is about 80,000 dollars.
These costs do not include accommodation or food, so the price is higher. Therefore, here we can denote that if the student wants to do a postgraduate or undergraduate degree, the value of all careers is approximately 200,000 dollars.
What is the general budget for applicants to Harvard University?
It has been determined according to the financial aid page of the University that the general budget of what every full-time student requires is 60,000 dollars, being established as follows:
- Services and food: 21,130 dollars.
- Medical insurance $5,282.
- Personal expenses: $4,300.
- Annual transport: 1,422 dollars.
- Books and Accessories: $1,000.
So the total average each year is approximately 95,000 dollars of the school period which is 9 months.
Harvard Student Financial Aid Programs
It is necessary to mention that in order not to cancel an expensive sum to study at Harvard University, the request must be made in time to obtain a scholarship. This will give you the opportunity to cancel an amount considered to your economic situation.
Can you study for free at Harvard? Yes, you can, considering that the universities that are part of the Ivy League, where this university is a member. They assert that the purchasing power of a student is not a precise factor to proceed with the request. Since there are many scholarship slots that are available to support all those students who have a high grade point average.
Any student applying to any Ivy League university must apply for a scholarship immediately. It can be said that about 70% of undergraduate students receive a scholarship of approximately 30,000 dollars per year to pay for the most expensive education fees.
However, the remuneration of the university scholarship depends on the income of the family, so the following is determined:
- If the student and their relatives have annual income below $65,000 and do not have a higher net worth, they can go to Harvard for free.
- As for the students who acquire income up to 150,000 dollars, they can cover from 0 to 10% of the income.
- However, income over $150,000 must be paid pro rata.
It is of great importance to mention that these scholarships are consigned once the person has been accepted. This means that the key is to have the right profile to enter Harvard.
