What percentage of Harvard students take out loans?
Asked by: Derrick Zieme | Last update: October 14, 2025Score: 4.6/5 (20 votes)
2.0% of all undergraduate students (including freshmen) at Harvard University utilize federal student loans to help pay for their college
What percent of Harvard students get financial aid?
Over half — 55% — of Harvard undergraduates receive institutional scholarships, according to the school, and 24% of Harvard families pay nothing after aid and grants. Harvard maintains a 100% need-based aid policy, which means it is committed to providing all of the financial assistance a family demonstrates they need.
What percentage of Harvard students go into finance?
According to a Harvard Crimson survey of Harvard Seniors, the share of 2024 graduates going into finance and consulting is 34 percent. (In 2022 and 2023 it exceeded 40 percent.
Do Harvard students take out loans?
As a Harvard student, you are not expected to take out loans, nor are they included in your financial aid award. However, you may decide to use loans to help cover certain expenses while at Harvard.
What is the average student debt at Harvard?
Student Loan Debt for Harvard University
At Harvard University, the median federal loan debt among borrowers who completed their undergraduate degree is $14,000. The median monthly federal loan payment (if it were repaid over 10 years at 5.05% interest) for student federal loan borrowers who graduated is $148.
Harvard Students Tell Us How Much Debt They Have
What is the default rate for Harvard student loans?
Student Loan Default Rate
In 2020 the default rate for borrower's at Harvard University was 0.0563%, which represents 1 out of the 1775 total borrowers.
What college has the most student debt?
Atop the list is Maine Maritime Academy, where 2019 graduates who borrowed left with an average debt load of $56,897 – nearly $27,000 above the average among all ranked colleges.
What happens if you get into Harvard but can't afford it?
We make a promise to every admitted student: your financial circumstances will not keep you from Harvard. With our generous financial aid program, a commitment to economic diversity, and a breadth of tools and resources, our office helps make sure nothing stands in the way of your Harvard education.
Does Harvard give 100% financial aid?
While you're not likely to find a "100% scholarship" at Harvard, their need-based financial aid program is designed to make it affordable for students from all economic backgrounds.
How do people afford Harvard?
If your family's income is less than $85,000, you'll pay nothing. For families who earn between $85,000 and $150,000, the expected contribution is between zero and ten percent of your annual income. Families who earn more than $150,000 may still qualify for financial aid.
What is the average salary of a Harvard graduate?
Princeton graduates earn an average of $90,700 by the age of 34, while Harvard grads earn $81,500. Bottom of the Ivy League pile is Brown, where average income for graduates is just $66,900.
What percentage of Harvard students become millionaires?
These premium American educational institutions account for 16.6% of the global centi-millionaire population, with three Ivy League colleges — Harvard (3.8%), Stanford (2.2%), and the University of Pennsylvania (1.9%) — leading the way.
What does Gen Z want from college?
Members of Generation Z don't want expensive campus frills. They're wary of taking on student loan debt and more willing to question the value of a degree and look for alternatives. Many remember their parents living through the recession, perhaps losing their jobs or homes.
Which Ivy has most financial aid?
Princeton University has the most generous financial aid packages, covering up to 100% of demonstrated need without requiring loans. For the 2022-2023 academic year, the average grant aid for Princeton students was around $62,079, covering over 90% of the tuition for most students.
What is the hardest college to get into?
Harvard University
The Harvard acceptance rate is 3%, tied with Caltech for the #1 spot on our list of hardest colleges to get into. Located in Cambridge, Massachusetts, Harvard is a quintessential New England school globally recognized for its rigorous academic programs and influential alumni.
What GPA is required for Harvard?
GPA requirements for Harvard
At Harvard, the standard GPA is 4.18. (While some schools publish an unweighted GPA, most utilize a weighted GPA out of 4.0.) Harvard needs you to be at the top of your class with a GPA of 4.18. To compete with other applications, you'll need to receive almost all A's.
How much does Harvard cost for 4 years?
Based on the 2023-24 academic year, the estimated total cost of attendance for on-campus students at Harvard University is $86,705 per year. This includes tuition and fees, books and supplies, room and board, and other on-campus expenses. Over four years, this would amount to approximately $346,820.
How do you get a full ride to Harvard?
Students will only be able to receive a full ride if they can demonstrate the appropriate level of financial need. There is no scholarship students can win through luck or merit to cover the entire cost of their tuition at Harvard. In other words, if you don't need a full ride, you won't receive a full ride.
How much does it cost to go to Yale for 4 years?
Projected 4-Year-Degree Price
In 2023-24, attending Yale cost $88,300. For four years at this price, Yale cost would equal $353,200. But keep in mind that these costs can rise.
Is Princeton free for low-income families?
Princeton is now offering grants covering “100% of tuition, room and board” for students whose families earn up to $100,000, beginning in fall 2023, according to Princeton's Admission and Aid page. Typically, Princeton tuition is over $83,000 per year, according to News 12 New Jersey.
Is $100,000 in student debt a lot?
Adults with a postgraduate degree are especially likely to have a large amount of student loan debt. About a quarter of these advanced degree holders who borrowed (26%) owed $100,000 or more in 2023, compared with 9% of all borrowers.
Do rich kids take out student loans?
Whether your family is rich, poor, or somewhere in between, you can take advantage of student loans provided by the US government. These loans (known as Federal Loans, Direct Loans or Stafford Loans) offer lower rates and more flexible payback options than you can find from almost any other source.
What race holds the most student debt?
Who has the most student loan debt by race? Black adults are more likely to have student loan debt than those in other racial or ethnic groups. They are more likely than white adults to hold student debt at every level of educational attainment.