Curious about Harvard Scholarships: How Do They Work?

Hey everyone! I'm a high school junior looking at Harvard and I was wondering how their scholarships work. Do they offer merit-based scholarships, or is it all need-based? Also, what is the process to qualify for and apply to these scholarships? I've heard that financial aid can be pretty generous but wasn't sure of the specifics.

Any insights from students who have gone through the process or know more about the financial aid packages would be super helpful. I'd love to know how realistic it is to attend Harvard without taking on huge debt. Thanks in advance!

Hello! Harvard College typically offers financial aid packages based on need-based aid, not merit-based scholarships. That means that assessments are based on your family's income and circumstances rather than your academic or extracurricular accomplishments.

The good news is that Harvard's financial aid can indeed be very generous. For instance, families with an annual income of less than $85,000 are not expected to contribute to college costs. Further, families with incomes between $85,000 and $150,000 generally contribute from 0% to 10% of their income towards tuition, room, and board. This policy makes it feasible for many students to graduate debt-free or with a minimal amount of loans.

To apply for financial aid at Harvard, you will need to fill out the CSS Profile and the FAFSA, and potentially provide tax documents as well. These forms help the school ascertain your family's financial situation and how much they believe your family can contribute towards tuition.

It's advisable to utilize Harvard's net price calculator on their financial aid website. This will help you estimate your likely family contribution should you be accepted. Keep in mind, it's just an estimate, but can offer valuable insight into your potential financial commitment.

Definitely make sure to adhere to all of the deadlines and application requirements, and don't hesitate to get in touch with the Financial Aid Office if you have any questions or confusion during the process. Good luck with your college search!