Harvard University: Cost, Admission Odds And Payoff
- Harvard admitted 2,003 of 47,893 first-year applicants for fall 2025, and 84% of the students it admitted enrolled.
- Families earning $100,000 or less pay nothing to attend, and families earning up to $200,000 pay no tuition.
- 16% of the class of 2025 took out student loans. Those who borrowed left with an average of $22,926.
Is Harvard Worth It? The College Investor Rating
| Family | What They Pay | Grade |
|---|---|---|
| Overall | A | |
| Low-Income Families | Average $2,306 a year | A |
| Middle-Income Families | Average $7,060 a year | A |
| High-Income Families | $89,279 a year | B |
How Hard Is It To Get Into Harvard?
Harvard accepted 4.2% of first-year applicants for fall 2025: 2,003 admits from 47,893 applications. 1,675 of those students enrolled, a yield of 84%.
- Median SAT Reading: 750
- Median SAT Math: 770
- Median ACT Composite: 35
What Harvard Weighs In Admissions
Harvard rates no factor as very important, so no single score or activity carries the file. Demonstrated interest counts for nothing: campus visits won't change your odds. Alumni relationships are considered.
Considered
Not Considered
What Will Harvard Actually Cost Your Family?
The average Harvard student receiving financial aid paid $19,148 a year after grants.
That's against a sticker price of $89,279 a year. Families earning $100,000 or less pay nothing to attend, and families earning up to $200,000 pay no tuition. Harvard is one of a growing number of colleges offering free tuition by family income.
| Total Borrowed Over Four Years | $0 |
| Within Federal Student Loan Limits | $0 |
| Beyond Federal Student Loan Limits | $0 |
| Monthly Student Loan Payment, 10-Year Plan | $0 |
| Expected Pay In Your Major | $0 |
How Harvard Meets Financial Need
Harvard reports meeting 100% of demonstrated financial need on average. In 2024-2025, 3,950 of Harvard's 7,107 full-time undergraduates had financial need, and their average need-based grant was $71,448. Harvard determines financial need with the CSS Profile as well as the FAFSA, so how your assets are counted affects what you pay. Harvard awards essentially no merit scholarships.
Grants made up 96% of Harvard's need-based financial aid in 2024-2025. The rest came from student jobs, including Federal Work-Study, and $1,811,017 in student loans.
| Source | Need-Based | Not Need-Based |
|---|---|---|
| Harvard Grants | $261,693,159 | $105,590 |
| Federal Grants | $14,271,138 | $4,430,189 |
| State Grants | $819,366 | $21,250 |
| Outside Scholarships | $5,674,273 | $6,190,581 |
| Student Jobs And Work-Study | $9,700,498 | $746,996 |
| Student Loans | $1,811,017 | $5,571,477 |
| Parent Loans, Including Parent PLUS | $0 | $8,899,784 |
Families Still Borrow At A School That Meets Full Financial Need
Harvard reports meeting 100% of financial need. Families borrowed anyway: in 2024-2025, parents took out $8,899,784 in parent loans, including Parent PLUS loans, and students borrowed $7,382,494 in student loans. In the class of 2025, 47 graduates left with private student loans averaging $77,146.
The "100% of financial need met" figure leaves out Parent PLUS loans, unsubsidized federal student loans and private student loans, because those loans replace what the school expects the family to pay. Before you commit, read your financial aid award letter line by line and appeal the financial aid award if the number doesn't fit your budget.
| Measure | All Undergrads | First Year |
|---|---|---|
| Students With Financial Need | 3,950 | 932 |
| Share Of Financial Need Met | 100% | 100% |
| Average Need-Based Grant | $71,448 | $72,749 |
| Average Financial Aid Package | $74,285 | $75,166 |
| Average Student Loan | $3,781 | $3,459 |
| Students Without Financial Need Receiving Merit Scholarships | 20 | 4 |
Does A Harvard Degree Pay Off?
Generally, yes. That's why Harvard earns .
Harvard students earn a median of $121,957 ten years after starting college, and 90% out-earn a typical high school graduate. 8% take out federal student loans, and the typical borrower leaves owing $17,559, about 14% of one year's pay. Earnings still depend heavily on major: Statistics graduates earned a median of $230,876 four years after graduating, compared with $50,428 for English Language And Literature graduates.
Who Borrowed In The Class Of 2025
331 of Harvard's 2,014 bachelor's graduates in 2025 left with student loan debt, averaging $22,926. The 47 graduates who used private student loans averaged $77,146.
| Student Loan Type | Borrowers | Share Of Class | Average Debt |
|---|---|---|---|
| Any Student Loan | 331 | 16% | $22,926 |
| Federal Student Loans | 145 | 7% | $13,844 |
| Private Student Loans | 47 | 2% | $77,146 |
How We Graded Harvard
The overall grade weighs payoff, price, graduation and student debt. Price counts what low-income families pay (5 points), what middle-income families pay (10 points) and the sticker price high-income families pay (10 points). Each income grade swaps in that family's price alone.
Grade Checks
Financial Aid Check
Harvard meets 100% of financial need on average. 2% of 2025 graduates used private student loans.
Financial Health Check
No federal heightened cash monitoring and no closure, merger or financial exigency announcements.
Earnings Floor
90% of students out-earn a typical high school graduate. Schools where most don't are capped at a D.
Harvard In The News
- Harvard Endowment Hits $68 Billion As 8% Endowment Tax Begins
- Wellesley Goes Tuition-Free At $200,000, Joining Harvard And MIT
- Judge Tosses Trump Administration’s Antisemitism Lawsuit Against Harvard
- DOJ Opens Civil Rights Investigation Into Harvard’s $630 Million In China-Based Funding
- Whitman College Caps Tuition at 10% of Income — No Cutoff Like Harvard or MIT
- Harvard Faculty Vote To Cap A Grades At 20% Starting Fall 2027
More For Harvard Applicants
Compare Harvard With Similar Schools
Sources And Methodology
The College Investor Rating scores every four-year college from 0 to 100 on payoff (30%), price (25%), graduation (20%) and student debt (25%) using U.S. Department of Education College Scorecard data. An earnings floor and a financial health check can cap the grade at D, and a financial aid check flags concerns without changing it. Price is judged on its own, without earnings. The grade measures financial return for families, not teaching quality, campus life or a school's mission.
Notes On The Data
- Low-income families earn under $48,000. Middle-income families earn $48,000 to $110,000. Their prices are federal averages for first-time, full-time students who received financial aid.
- High-income families are those who get no grant aid, so they pay the sticker price (cost of attendance).
- Paying full price is the share of undergraduates who received no grant aid from any source in 2022-23, from the Education Department's IPEDS survey. The chance of merit aid divides merit scholarship recipients by full-time undergraduates without financial need, from the Common Data Set.
- Earnings by major are medians four years after graduation. Majors with too few graduates for the government to report earnings are left out. Debt by major is median federal student loan debt among borrowers.
- Admissions, financial aid and class of 2025 student loan figures come from the Harvard Common Data Set 2025-2026. Student loan debt at graduation excludes Parent PLUS and other parent loans, and students who transferred in.
- The calculator uses federal net price averages. Borrowing up to the $27,000 federal limit for dependent undergraduates uses the 2026-27 undergraduate rate of 6.52%, and anything above it uses the 9.07% Parent PLUS rate. Parent PLUS loans are capped at $20,000 a year and $65,000 per student. See all federal student loan interest rates. Harvard's own net price calculator gives a personal figure, and College Aid Pro can compare costs across schools.
Data years: Earnings follow students who started college in 2011-12 and 2012-13, measured 10 years later. Net price and borrowing rates are for 2024-25. Graduation rates follow students who started in fall 2019. Median debt covers borrowers who left school in fiscal 2024 and 2025. Full-price shares are for 2022-23.
Work at Harvard? If a figure looks wrong, send us the source and our editors will review it.
Sources: Harvard Common Data Set 2025-2026. U.S. Department of Education College Scorecard, data updated November 2, 2026. News from The College Investor.