How Much Can I Borrow?

The amount and loan type you can request/receive is determined by your class year, student contribution amount, and whether you are receiving need-based Harvard grant aid.

How Much Can I Request?

Loan Type Comparison

  Harvard Student Loan Federal Direct Stafford Loan
First-Year Max Request $3,500 $5,500
Sophomore  Max Request $3,500 $6,500
Junior/Senior Max Request $3,500 $7,500
Interest Rate 4.00% 5.50%
Origination Fee N/A 1.057%
Repayment Term 10 years 10 years with extended options based on income, loan balance
Repayment Starts 6 months after you drop below half-time enrollment 6 months after you drop below half-time enrollment

Only available to Harvard Grant recipients

Maximum amount equal to term-time work expectation less outside awards

Open to all U.S. Citizens, permanent residents, and eligible noncitizens

Valid FAFSA required

Submit Your Request

Loan FAQs

Student Loan FAQs