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 LoanFederal 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 Rate4.00%6.53%
Origination FeeN/A1.057%
Repayment Term10 years10 years with extended options based on income, loan balance
Repayment Starts6 months after you drop below half-time enrollment6 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