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 $4,600 $5,500
Sophomore  Max Request $5,900 $6,500
Junior/Senior Max Request $6,100 $7,500
Interest Rate 4.00% 4.53%
Origination Fee N/A 1.059%
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 student contribution 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