Stanford University Tuition and Fees
Stanford University Tuition and Fees
(Last Updated – 01/2025)
Total Cost of Attendance
Stanford is known for consistently ranking as one of the top 10 universities in the country. Stanford University tuition and fees, at $62,484 for the 2023-24 school year, is higher than the average for four-year private nonprofit institutions in the U.S. of $41,540 per year.
|
Costs for 2023-24 |
|
|
Tuition & Fees |
$62,484 |
|
Books & Supplies |
$825 |
|
Room & Board |
$19,922 |
|
Other Expenses |
$4,602 |
|
Total Cost of Attendance |
$87,833 |
Financial Aid
To help with Stanford tuition, more than two-thirds of students receive financial aid of some kind, whether it’s student loans, grants, or scholarships. Stanford is “need-blind” for all U.S. citizens, permanent residents, and undocumented students, regardless of where they attended high school. This means that your financial need will not be a deciding factor on your application.
Generally, financial aid is monetary assistance awarded to students based on personal need and merit. Students who qualify for financial aid can use it to pay for college costs like tuition, books, and living expenses.
The federal government is the largest provider of student financial aid. However, aid can also be given by state governments, colleges and universities, private companies, and nonprofits. The different types include:
• Scholarships: These can be awarded by schools and other organizations based on students’ academic excellence, athletic achievement, community involvement, job experience, field of study, or financial need.
• Grants: Generally based on financial need, these can come from federal, state, private, or nonprofit organizations.
• Work-study: This federal program provides qualifying students with part-time employment to earn money for expenses while in school.
• Federal student loans: This is money borrowed directly from the U.S. Department of Education. It comes with fixed interest rates that are typically lower than private loans.
Colleges, universities, and state agencies use the Free Application for Federal Student Aid (FAFSA) to determine financial aid eligibility. The FAFSA can be completed online, but note that state, federal and school deadlines may differ.
You can find other financial aid opportunities on databases such as:
• US Department of Education – Search for grants from colleges and universities by state
• College Scholarship Service Profile (CSS) – A global college scholarship application used by select institutions to award financial aid
Recommended: The Differences Between Grants, Scholarships, and Loans
Private Student Loans
While some Stanford students opt for federal student loans (7%), others (2%) take out private student loans. The average private loan amount is $39,259.
Private loans are funded by private organizations such as banks, online lenders, credit unions, some schools, and state-based or state-affiliated organizations. While federal student loans have interest rates that are regulated by Congress, private lenders follow a different set of regulations so their qualifications and interest rates can vary widely.
What’s more, private loans have variable or fixed interest rates that may be higher than federal loan interest rates, which are always fixed. Private lenders may (but don’t always) require you to make payments on your loans while you are still in school, compared to federal student loans, which you don’t have to start paying back until after you graduate, leave school, or change your enrollment status to less than half-time.
Private loans don’t have a specific application window and can be applied for on an as-needed basis. However, if you think you may need to take out a private loan, it’s a good idea to submit your FAFSA first to see what federal aid you may qualify for as it generally may have better rates and terms.
If you’ve missed the FAFSA deadline or you’re struggling to pay for school during the year, private loans can potentially help you make your payments. Just keep in mind that you will need enough lead time for your loan to process and for your lender to send money to your school.
Recommended: Guide to Private Student Loans
Projected 4-Year-Degree Price
How much will Stanford tuition plus room and board and other expenses run you for a four-year degree? Based on 2023-24 numbers, the full cost would be $351,332. In comparison, the average cost for a private university is $60,420 a year, totaling $241,680 for four years, according to CollegeData.com.
Here’s some California Student Loan & Scholarship Information for you.
Undergraduate Tuition and Fees
Costs for 2022-23
|
Tuition & Fees |
$62,484 |
|
Room & Board |
$19,922 |
|
Books and Supplies |
$825 |
|
Other Expenses |
$4,602 |
|
Total Cost of Attendance |
$87,833 |
Covering Stanford University costs is more than just tuition, which is $62,484. You also have to factor in room and board, which runs $19,922; books and supplies for $825; and other expenses totaling $4,602; making your COA (or cost of attendance) $87,833 a year.
Graduate Tuition and Fees
Costs for 2023-24
|
Tuition |
$58,746 |
|
Fees |
$753 |
|
Total Cost of Attendance |
$59,499 |
Tuition for graduate school at Stanford was $58,7467 in 2023-24, and there was an additional $753 in fees, making a total of $59,499 to attend graduate school. There are graduate loans available to help with these costs.
Cost per Credit Hour
For students who wish to attend summer sessions, the cost per unit is $1,282 (for fewer than 12). Upperclass students may petition for part-time enrollment (8-unit minimum), also for $1,282 per unit. This does not include fees. Our private student loans guide can help you plan for how you’ll finance your education.
Campus Housing Expenses
Costs for 2023-24
|
Student Type |
On-Campus |
Off-Campus |
|
Room & Board |
$19,922 |
$24,960 |
|
Other Expenses |
$4,602 |
$4,602 |
Stanford has 15 residence halls, as well as apartments, suites and row houses for undergraduates. All first-year students are required to live on campus.
For other students, there is subsidized off-campus housing available near the campus, though be aware that these likely require 12-month leases. Students living off campus should expect living expenses to be 10% to 40% higher, depending on the living situation. Check out this resource to learn more about off-campus housing.
Stanford Acceptance Rate
Fall 2023
|
Number of applications |
53,733 |
|
Number accepted |
2,149 |
|
Percentage Accepted |
4% |
Admission Requirements
Now that you know the Stanford University acceptance rate, it’s important to understand the admissions requirements. Stanford University has certain requirements for first-year applicants, as well as recommended documents.
Required:
• Secondary school GPA
• School report
• Counselor letter of recommendation
• Official transcripts
• Letters of recommendation from two teachers
• Midyear transcript (by February 15)
Recommended:
• Completion of college-preparatory program
• SAT or ACT scores
The deadline for a standard application is January 5, with a decision given by early April. Learn more about the application process here .
SAT and ACT Scores
Like many schools, Stanford has waived the requirement for SAT or ACT scores to accompany applications through the 2024-25 school year.
That being said, if you wish to submit yours, you can. Here are the scores by subject at the 25th and 75th percentile:
|
Subject |
25th Percentile |
75th Percentile |
|
SAT Evidence-Based |
740 |
780 |
|
SAT Math |
770 |
800 |
|
ACT Composite |
34 |
35 |
|
ACT English |
35 |
36 |
|
ACT Math |
32 |
35 |
Popular Majors at Stanford
Stanford offers 69 areas of study to choose from. Here are some of the most popular.
1. Computer Science
The computer science program looks at theories and systems, and you can choose one of the following tracks of study: artificial intelligence, biocomputation, computer engineering, graphics, human-computer interaction, information, systems, or theory.
Undergraduate degrees in 2022-23: 293
2. Engineering
Stanford has several programs in engineering, including applied and engineering physics, bioengineering, biomechanical, chemical, civil and environmental, electrical, energy resources, engineering physics, environmental systems, management science, materials science, and mechanical engineering.
Undergraduate degrees in 2022-23: 258
3. Human Biology
This area of study looks at human beings from biological, behavioral, social, and cultural perspectives.
Undergraduate degrees in 2022-23: 139
4. Quantitative Economics
Economics students learn about modern society and contemporary economic problems, and learn to evaluate public policy.
Undergraduate degrees in 2022-23: 106
5. General & Applied Mathematics
Upon graduating with a degree in mathematics, students will understand logical reasoning, generalization, abstraction, and formal proof.
Undergraduate degrees in 2022-23: 88
6. Cognitive Science
This area of study investigates language, meaning, and mental representation, perception, learning, memory, decision making, and reasoning.
Undergraduate degrees in 2022-23: 81
7. International Relations
This interdisciplinary major studies the international politics of the United Nations, the World Trade Organization, the World Bank, Amnesty International, and other NGOs.
Undergraduate degrees in 2022-23: 58
8. Biology
Along with receiving a robust education in biology, students have the option to take courses in marine animals, ecology, biological preserves, and ocean conservation.
Undergraduate degrees in 2022-23: 55
9. Political Science & Government
Students of political science will dive into both the American political system as well as others around the world, and examine conflicts, social movements, and diversity.
Undergraduate degrees in 2022-23: 54
10. Psychology
Stanford’s psychology program looks at theories and empirical studies of human behavior.
Undergraduate degrees in 2022-23: 53
Learn more about everything you can major in at Stanford here .
Graduation Rate
The graduation rate at Stanford is fairly high. Here is the graduation rate of students who began their studies in 2017:
• 6 years: 93%
Post-Graduation Median Earnings
Stanford graduates can expect to earn, on average, nearly double the overall average for four-year school graduates, at $124,000. The median for all schools is $68,516.
Bottom Line
Stanford regularly makes the lists of top schools in the country for good reason: It is committed to providing an excellent education. The university’s admissions standards are high, and it is difficult to get into, but don’t let financial considerations keep you from applying. Stanford is need-blind, which means students from any financial background can apply.
SoFi Private Student Loans
Please borrow responsibly. SoFi Private Student loans are not a substitute for federal loans, grants, and work-study programs. We encourage you to evaluate all your federal student aid options before you consider any private loans, including ours. Read our FAQs.
Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. SoFi Private Student loans are subject to program terms and restrictions, such as completion of a loan application and self-certification form, verification of application information, the student's at least half-time enrollment in a degree program at a SoFi-participating school, and, if applicable, a co-signer. In addition, borrowers must be U.S. citizens or other eligible status, be residing in the U.S., Puerto Rico, U.S. Virgin Islands, or American Samoa, and must meet SoFi’s underwriting requirements, including verification of sufficient income to support your ability to repay. Minimum loan amount is $1,000. See SoFi.com/eligibility for more information. Lowest rates reserved for the most creditworthy borrowers. SoFi reserves the right to modify eligibility criteria at any time. This information is subject to change. This information is current as of 4/22/2025 and is subject to change. SoFi Private Student loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).
SoFi Bank, N.A. and its lending products are not endorsed by or directly affiliated with any college or university unless otherwise disclosed.
SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.
Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.
External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.
SOISL-Q424-008
Yale University Tuition and Fees
Yale University Tuition and Fees
(Last Updated – 01/2025)
Yale University is an elite Ivy League university in New Haven, Connecticut, known for its outstanding academics and competitive admissions process. In this guide, we’ll share insights into admission requirements, the Yale acceptance rate, tuition, financial aid, popular majors, and more.
Total Cost of Attendance
In 2023-24, Yale University tuition and other expenses were as follows:
• Tuition and fees: $64,700, a 3.9% increase over the previous year
• Books and supplies: $1,000
• On-campus room and board: $19,180, a 4.0% increase over the previous year
• Other fees: $3,420
• Total expenses: $88,300, a 3.7% increase over the previous year
Financial Aid
More than forty years ago, Yale became the country’s first private research university to establish “need-blind” admissions, along with need-based financial aid, for undergraduates. Need-blind means that your ability to cover tuition isn’t considered when the school reviews your application. The school says that one of their guiding principles is to make a Yale education something every student can afford.
In the 2022-23 school year, 57% of first-time, full-time Yale undergraduates received some type of financial aid, with 54% receiving grants or scholarships, 20% getting federal grants, 20% receiving Pell grants, and 10% receiving other federal grants. More than half of Yale students (54%) received institutional grants or scholarships, and 6% took out federal student loans.
Generally, financial aid is monetary assistance awarded to students based on personal need and merit. Students who qualify for financial aid can use it to pay for college costs like tuition, books, and living expenses.
Recommended: Scholarship Search – College Scholarships Finder Tool
The federal government is the largest provider of student financial aid. However, aid can also be given by state governments, colleges and universities, private companies, and nonprofits. The different types include:
• Scholarships: These can be awarded by schools and other organizations based on students’ academic excellence, athletic achievement, community involvement, job experience, field of study, or financial need.
• Grants: Generally based on financial need, these can come from federal, state, private, or nonprofit organizations.
• Work-study: This federal program provides qualifying students with part-time employment to earn money for expenses while in school.
• Federal student loans: This is money borrowed directly from the U.S. Department of Education. It comes with fixed interest rates that are typically lower than private loans.
Colleges, universities, and state agencies use the Free Application for Federal Student Aid (FAFSA) to determine financial aid eligibility. The FAFSA can be completed online, but note that state, federal and school deadlines may differ.
You can find other financial aid opportunities on databases such as:
• US Department of Education – Search for grants from colleges and universities by state
• College Scholarship Service Profile (CSS) – A global college scholarship application used by select institutions to award financial aid
Recommended: The Differences Between Grants, Scholarships, and Loans
Private Student Loans
Private loans are funded by private organizations such as banks, online lenders, credit unions, some schools, and state-based or state-affiliated organizations. While Federal student loans have interest rates that are regulated by Congress, private lenders follow a different set of regulations so their qualifications and interest rates can vary widely.
What’s more, private loans have variable or fixed interest rates that may be higher than federal loan interest rates, which are always fixed. Private lenders may (but don’t always) require you to make payments on your loans while you are still in school, compared to federal student loans, which you don’t have to start paying back until after you graduate, leave school, or change your enrollment status to less than half-time.
Private loans don’t have a specific application window and can be applied for on an as-needed basis. However, if you think you may need to take out a private loan, it’s a good idea to submit your FAFSA first to see what federal aid you may qualify for as it generally may have better rates and terms.
If you’ve missed the FAFSA deadline or you’re struggling to pay for school during the year, private loans can potentially help you make your tuition payments. Just keep in mind that you will need enough lead time for your loan to process and for your lender to send money to your school.
Recommended: Guide to Private Student Loans
Projected 4-Year-Degree Price
In 2023-24, attending Yale cost $88,300. For four years at this price, Yale cost would equal $353,200. But keep in mind that these costs can rise.
Here’s some Connecticut Student Loan & Scholarship Information for you.
Undergraduate Tuition and Fees
In 2023-24, Yale tuition and total expenses were as follows:
• Yale tuition and fees: $64,700
• Total cost of attendance for students on campus: $88,300
Compared to the average total costs for a four-year, private university in the U.S. of $60,420, Yale University’s costs are 46% higher.
Graduate Tuition and Fees
In 2023-24, Yale tuition for graduates averaged $48,300 with no additional fees.
Cost per Credit Hour
The cost per credit hour at Yale varies by department. In the School of Public Health, matriculated students taking fewer than 4 course units in a term are considered part-time students. Part-time students pay $5,346 per course, and are encouraged to take at least 2 courses per term.
Campus Housing Expenses
In 2023-24, on-campus room and board cost $19,180. Each first-year student is randomly assigned to one of 14 residential units. Graduate students can choose between furnished dorm rooms or unfurnished apartments, and the university provides a helpful resource to compare dormitory and apartment life. Yale owns apartments to rent to graduates and provides a resource to search other apartments and homes. Find details here.
Yale Acceptance Rate
Yale is extremely competitive. In fall 2023, 51,803 people applied and the Yale University acceptance rate was 5%.
Yale Admission Requirements
When you apply, you’ll need to include transcripts, two teacher recommendations, a counselor recommendation, and a mid-year report. Currently, ACT and SAT scores are optional.
The early action deadline is November 1 of the year before the academic year. Regular decision applications are due on January 2 of the academic year.
SAT and ACT Scores
Yale University requires all first-year and transfer applicants to submit standardized test scores, but lets students choose which scores to include. In fall 2023, 56% of applicants submitted SAT scores and 26% submitted ACT scores. The 25th and 75th percentiles were as follows:
|
Subject |
25th Percentile |
75th Percentile |
|
SAT Evidence-Based |
740 |
780 |
|
SAT Math |
760 |
800 |
|
ACT Composite |
33 |
35 |
|
ACT English |
34 |
36 |
|
ACT Math |
31 |
35 |
Popular Majors at Yale
In 2021-22, 1,420 undergraduates completed a degree at Yale. Here are some of the most popular majors.
1. Econometrics & Qualitative Economic
The econometrics department at Yale is acclaimed. For more than 30 years, the university has led international econometrics rankings. Students in this program learn about econometrics theory along with probability theory, modern asymptotic theory, panel data methods, and much more.
Undergraduate degrees in 2022-23: 140
2. Computer and Information Sciences
Students can choose between a BA and a BS degree in computer science, each providing a strong technical education. Plus they can pursue a joint major in economics, electrical engineering, mathematics, or psychology.
Undergraduate degrees in 2022-23: 126
3. Political Science
The curriculum for this major focuses on the organization and allocation of power by individuals and groups. Students are taught to think critically and analytically about factors that shape politics in our societies.
Undergraduate degrees in 2022-23: 92
4. History
History majors explore human experimentation and innovation over the centuries from individual to global perspectives. Topics covered include politics, the economy, culture, war, intellectual life, and more. Students have the opportunity to create original research projects.
Undergraduate degrees in 2022-23: 75
5. Cellular and Molecular Biology
In this program, students learn to investigate biological processes across organisms through multiple approaches: genetic, molecular, biochemical, and quantitatively. The curriculum is interdisciplinary with diverse offerings.
Undergraduate degrees in 2022-23: 71
6. Multi/Interdisciplinary Studies
Students investigate social challenges from different perspectives. Multiple programs exist in this major, and each shares a central curriculum and opportunities to learn theory and practical applications on key subjects.
Undergraduate degrees in 2022-23: 70
7. International Relations and Affairs
By studying global affairs, students in this program gain a better understanding of the world around them. They develop expertise in today’s global happenings through the lens of social sciences and have flexibility in developing their curriculum.
Undergraduate degrees in 2022-23: 64
8. Experimental Psychology
Yale’s psychology department provides education for students in clinical, cognitive, developmental, and social/personal psychology, and neuroscience.
Undergraduate degrees in 2022-23: 63
9. English Language and Literature
Students cultivate the ability to analyze, understand, and debate important works of literature when they choose this major. Courses provide insights into research and writing skills as well as historical context.
Undergraduate degrees in 2022-23: 50
10. Statistics
The BA program in statistics and data science teaches students fundamental techniques, while the BS program prepares them for research and further education in the field. They both focus on the theory of probability. In 2021, 3.5% of graduating undergraduates completed this degree.
Undergraduate degrees in 2022-23: 38
Yale Graduation Rate
Yale graduation rate is as follows for the Fall 2017 cohort:
• 6 years: 96%
Post-Graduation Median Earnings
The median yearly earnings of Yale graduates is $101,000. That is 47% higher than the average annual earnings of graduates in the U.S., which is $68,516.
Bottom Line
Yale is a prestigious Ivy League university offering an exceptional education in a variety of fields. Yale University costs are higher than average, but the school’s need-blind admissions policy creates opportunities for students from every economic background. The challenge is getting accepted: The Yale University acceptance rate is low, and the admissions process is very competitive.
SoFi Private Student Loans
Please borrow responsibly. SoFi Private Student loans are not a substitute for federal loans, grants, and work-study programs. We encourage you to evaluate all your federal student aid options before you consider any private loans, including ours. Read our FAQs.
Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. SoFi Private Student loans are subject to program terms and restrictions, such as completion of a loan application and self-certification form, verification of application information, the student's at least half-time enrollment in a degree program at a SoFi-participating school, and, if applicable, a co-signer. In addition, borrowers must be U.S. citizens or other eligible status, be residing in the U.S., Puerto Rico, U.S. Virgin Islands, or American Samoa, and must meet SoFi’s underwriting requirements, including verification of sufficient income to support your ability to repay. Minimum loan amount is $1,000. See SoFi.com/eligibility for more information. Lowest rates reserved for the most creditworthy borrowers. SoFi reserves the right to modify eligibility criteria at any time. This information is subject to change. This information is current as of 4/22/2025 and is subject to change. SoFi Private Student loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).
SoFi Bank, N.A. and its lending products are not endorsed by or directly affiliated with any college or university unless otherwise disclosed.
SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.
Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.
External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.
SOISL-Q424-005
Why Are Mortgage Rates Up If the Fed Is Cutting Its Rate?
If you’re thinking about buying a house, you’re no doubt hoping mortgage rates will come down. Inflation has eased, and the Federal Reserve has started cutting its benchmark interest rate, right?
Yes, but the benchmark fed funds rate is not what drives mortgage rates — not directly anyway. And since the Fed’s last rate cut in December, the average 30-year mortgage rate has actually ticked higher, topping 6.9%, according to the latest national survey by Freddie Mac. This makes buying even more expensive than it was during the pandemic, when many could get a mortgage below 3%.
So why the disconnect? Because unlike rates for credit cards and many other loans, mortgage rates are tied to the bond market. Specifically, they follow the yields on 10-year Treasury bonds.
That makes investors the real driver of mortgage rates, and when it comes to bonds, it’s all about their expectations for inflation. When the risk of inflation rises, investors demand higher interest rates to compensate. And although inflation has subsided a lot since 2022, there’s still a lot of uncertainty about it. It’s even gotten a little worse, not better, in the past few months.
(Mortgages are also bundled and sold to investors as bonds, which adds a whole other layer to the rate equation. Here’s more about that if you want to get into those weeds.)
Ultimately, inflation risk is how the Federal Reserve ties back to mortgage rates. Because the Fed uses the fed funds rate to control inflation, investors are always reading Fed tea leaves. A speech from a Fed official or fresh data or news (like a presidential election) can change investor perceptions. Case in point: Over the past few years, look how much mortgage rates moved even when the fed funds rate didn’t change.
So what? Mortgage rates remain high because inflation remains unpredictable. Less than two years ago economists had forecast 30-year rates would be in the 4% range by now. Now they see something closer to 6.5% over the next few years.
While this is keeping the American dream of owning a home out of reach for many, the National Association of Realtors® reports that some prospective buyers seem to be starting to adapt. If you think you might be one of them, check out our Deep Dive on less conventional mortgage types. The math may surprise you.
Related Reading
• The ‘Hidden Force’ That Can Bring Mortgage Rates Down (The Wall Street Journal via MSN)
• Here’s Where Mortgage Rates Could Be Headed in 2025 (The Hill)
• 7 Ways to Secure a Lower Interest Rate Mortgage (SoFi)
photo credit: iStock/ArLawKa AungTun
Please understand that this information provided is general in nature and shouldn’t be construed as a recommendation or solicitation of any products offered by SoFi’s affiliates and subsidiaries. In addition, this information is by no means meant to provide investment or financial advice, nor is it intended to serve as the basis for any investment decision or recommendation to buy or sell any asset. Keep in mind that investing involves risk, and past performance of an asset never guarantees future results or returns. It’s important for investors to consider their specific financial needs, goals, and risk profile before making an investment decision.
The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. These links are provided for informational purposes and should not be viewed as an endorsement. No brands or products mentioned are affiliated with SoFi, nor do they endorse or sponsor this content.
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Harvard University Tuition and Fees
Harvard University Tuition and Fees
(Last Updated – 01/2025)
Total Cost of Attendance
Harvard University is known for being one of the oldest (if not the oldest) institutions of higher learning in the United States. Harvard’s tuition and required fees for the 2023-2024 academic year were $59,076, which is significantly above the national average for four-year private nonprofit institutions of $41,540, according to CollegeData.com. A high number of students receive student loans or scholarships to cover this cost.
|
Harvard Costs 2023-24 |
|
|
Tuition & Fees |
$59,076 |
|
Books & Supplies |
$1,000 |
|
Room & Board |
$20,374 |
|
Other Expenses |
$6,255 |
|
Total Cost of Attendance |
$86,705 |
Financial Aid
Based on the data from the 2023-24 academic year, 72% of Harvard University’s first-time, full-time undergraduates received financial aid. It’s important to note that Harvard practices need-blind admissions, meaning financial need is not considered during the application process. This ensures that students from all income backgrounds have an equal opportunity to be accepted.
Explore financial aid options: Massachusetts Student Loan & Scholarships.
Generally, financial aid is monetary assistance awarded to students based on personal need and merit. Students who qualify for financial aid can use it to pay for college costs like tuition, books, and living expenses.
The federal government is the largest provider of student financial aid. However, aid can also be given by state governments, colleges and universities, private companies, and nonprofits. The different types include:
• Scholarships: These can be awarded by schools and other organizations based on students’ academic excellence, athletic achievement, community involvement, job experience, field of study, or financial need.
• Grants: Generally based on financial need, these can come from federal, state, private, and nonprofit organizations.
• Work-study: This federal program provides qualifying students with part-time employment to earn money for expenses while in school.
• Federal student loans: This is money borrowed directly from the U.S. Department of Education. It comes with fixed interest rates that are typically lower than private loans.
Colleges, universities, and state agencies use the Free Application for Federal Student Aid (FAFSA) to determine financial aid eligibility. The FAFSA can be completed online, but note that state, federal and school deadlines may differ.
You can find other financial aid opportunities on databases such as:
• US Department of Education – Search for grants from colleges and universities by state
• College Scholarship Service Profile (CSS) – A global college scholarship application used by select institutions to award financial aid
Recommended: The Differences Between Grants, Scholarships, and Loans
Private Student Loans
Based on the data from the 2023-24 academic year, 4% of Harvard University’s first-time, full-time undergraduates have federal student loans. The average amount of federal loans among these students is $5,101.
Private college loans are funded by private organizations such as banks, online lenders, credit unions, some schools, and state-based, or -affiliated organizations. While federal student loans have interest rates that are regulated by Congress, private lenders follow a different set of regulations so their qualifications and interest rates can vary widely.
What’s more, private loans have variable or fixed interest rates that may be higher than federal loan interest rates, which are always fixed. Private lenders may (but don’t always) require you to make payments on your loans while you are still in school, compared to federal student loans, which you don’t have to start paying back until after you graduate, leave school, or change your enrollment status to less than half-time.
Private loans don’t have a specific application window and can be applied for on an as-needed basis. However, if you think you may need to take out a private loan, it’s a good idea to submit your FAFSA first to see what federal aid you may qualify for, since it generally has better rates and terms.
If you’ve missed the FAFSA deadline or you’re struggling to pay for school during the year, private loans can potentially help you make your tuition payments. Just keep in mind that you will need enough lead time for your loan to process and for your lender to send money to your school.
Recommended: Guide to Private Student Loans
Projected 4-Year-Degree Price
Based on the 2023-24 academic year, the estimated total cost of attendance for on-campus students at Harvard University is $86,705 per year. This includes tuition and fees, books and supplies, room and board, and other on-campus expenses. Over four years, this would amount to approximately $346,820. In comparison, the average cost for private school tuition and room and board in the U.S. is $60,420 a year (for 2023-24), according to CollegeData.com, totaling $241,680 for four years.
This student loan and scholarship information may be valuable as you research schools and costs.
Recommended: What is Considered Full Time Student
Undergraduate Tuition and Fees
|
Harvard Costs 2023-24 |
|
Tuition & Fees |
$59,076 |
|
Room & Board |
$20,374 |
|
Total Cost of Attendance |
$86,705 |
The total cost of attendance at Harvard University for the 2023-2024 academic year is $86,794. This is significantly higher than the average cost of attendance for four-year private nonprofit institutions in the U.S., which is $60,420. However, it’s important to remember that Harvard offers generous financial aid packages to a large percentage of its students.
Graduate Tuition and Fees
|
Costs for 2023-24 |
|
|
Tuition & Fees |
$55,440 |
The tuition for graduate school at Harvard for the 2023-2024 academic year is $55,440 for tuition and fees. The average cost for tuition for graduate school in 2023-24 at a private institution in the U.S. was $43,980. Many students at Harvard opt for graduate loans to help cover their costs.
💡 Quick Tip: Graduate student loans can help cover tuition, fees, and other education-related expenses.
Cost per Credit Hour
The tuition for full-time students in Harvard College is $54,032 per year. Typically, full-time students take 4 courses per semester, which translates to 32 credits per year. If we divide the total tuition by the number of credits, we get an approximate cost of $1,689 per credit hour, plus fees.
For visiting undergraduate students, the cost per credit for 2024-2025 is $3,534. The cost for one to three courses is $14,138 per course. There is an additional student services fee of $1,767.
Campus Housing Expenses
|
Harvard Costs 2023-2024 |
On-Campus |
Off-Campus |
|
Books & Supplies |
$1,000 |
$1,000 |
|
Room & Board |
$20,374 |
$2,525/month* |
|
Other Expenses |
$6,255 |
$6,255 |
*Based on studio pricing. Average rate based on available apartments on Harvard’s off-campus housing website in 2024.
In addition to Harvard University tuition, room and board is the next highest expense. View our student loans guide for help paying for it.
There are 17 freshman dorms and 12 Houses for upper-level students. Freshmen generally live in suites with a common room and two to four bedrooms. Roommates are chosen by the university. Upperclass students are assigned to one of Harvard’s historic Houses, each of which serves as a residence to 350-500 students.
Only a small percentage of students choose to live off-campus, and there are many apartments and homes for rent near campus. Harvard has partnered with private landlords and real estate agents to provide affordable housing to students. The average price for a studio in Cambridge is $2,000, though many are even higher. Keep in mind that leases may be for a full year, not a school year.
Campus Housing Expenses
While tuition is a significant expense at Harvard, room and board contribute substantially to the overall cost of attendance.
On-campus housing provides various options, from traditional dorms for freshmen to historic Houses for upperclass students. While the exact cost varies depending on the specific room and meal plan chosen, it generally ranges from $18,000 to $22,000 per academic year.
Off-campus housing is also an option, with average rent for a studio apartment in Cambridge around $2,000 per month, according to Harvard’s off-campus housing website. However, many apartments are priced even higher. Students considering off-campus housing should factor in additional expenses like utilities, groceries, and transportation.
It’s important to note that these are estimates, and actual costs may vary. For the most up-to-date and precise information on campus housing expenses, prospective students should refer to official Harvard University resources and contact the Housing Office directly.
[Explore off-campus living options at Harvard Off-Campus Housing.]
Harvard Acceptance Rate
|
Fall 2023 |
|
|
Number of applications |
56,937 |
|
Number accepted |
1,708 |
|
Percentage Accepted |
3% |
With just 3% of applicants accepted, the Harvard acceptance rate is extremely competitive.
Admission Requirements
To be accepted as a student at Harvard, there are certain considerations you must meet. Some, like secondary school record, recommendations, and admission test scores, are required, while others, including secondary school GPA and school rank, are recommended. There is no required minimum GPA to qualify.
Required:
• Secondary school record
• Recommendations
• Personal statement or essay
Recommended:
• Secondary school GPA
• Secondary school rank
• Admission test scores
The deadline to apply as a Restrictive Early Action candidate for the following school year is November 1. You will receive notification by mid-December. The deadline for Regular Decision candidates is January 1, with notification sent by the end of March. You can apply here.
SAT and ACT Scores
Harvard no longer requires SAT or ACT scores for classes of 2027-2030. Students who do not submit test scores will be considered equally for admissions as those who do.
Although there are no required test scores for admissions, here are the scores by subject at the 25th and 75th percentile:
|
Subject |
25th Percentile |
75th Percentile |
|
SAT Evidence-Based |
740 |
780 |
|
SAT Math |
760 |
800 |
|
ACT Composite |
34 |
36 |
|
ACT English |
35 |
36 |
|
ACT Math |
33 |
36 |
Popular Majors at Harvard
Harvard offers 50 areas of concentration for students to study, and 49 secondary fields. Here are a few of the most popular majors offered.
1. Economics
Harvard’s economics major provides background in social systems including markets, corporations, legislatures, and families.
Undergraduate degrees in 2022-23: 254
2. Computer Science
Another of the most popular areas of concentration, the computer science program teaches students to design and code correct solutions to problems, design and reason about algorithms, and develop and analyze the ways computation interacts with other systems.
Undergraduate degrees in 2022-23: 165
3. Government
If politics and critical thinking appeal to you, you may be interested in Harvard’s government major. Students learn to analyze arguments, write, and speak persuasively.
Undergraduate degrees in 2022-23: 144
4. Applied Mathematics
Students get a broad education in mathematical sciences, including computation and probability, especially in subjects proven vital to an understanding of problems arising in other disciplines.
Undergraduate degrees in 2022-23: 120
5. History
Students study politics and government, gender and sexuality, diplomacy and international relations, finance and economics, religion and philosophy, literature and the arts, cultural and social changes and exchanges, archeology, anthropology, and science and technology.
Undergraduate degrees in 2022-23: 98
6. Neuroscience
Students majoring in Neuroscience will learn about cells and circuits, physiology, learning and memory, cognitive science, development, genetics, computational modeling, and disease and therapeutics.
Undergraduate degrees in 2022-23: 94
7. Psychology
Harvard’s psychology program teaches students to understand the human mind, as well as critically assess data and speak and write about topics concerning the mind.
Undergraduate degrees in 2022-23: 91
8. Human Evolutionary Biology (HEB)
HEB is one of nine Life Sciences concentrations offered at Harvard that focus on understanding living systems. Students use an evolutionary lens to focus on questions concerning human behavior, physiology, and anatomy.
Undergraduate degrees in 2022-23: 59
Find out about all the fields of study Harvard has to offer here.
Graduation Rate
The Harvard graduation rate is high. Here is the graduation rate of students who began their studies in fall 2017: 97%.
Post-Graduation Median Earnings
Curious how much money you could make after graduating from Harvard? Median earnings after graduation are $102,000, according to the U.S. Department of Education’s College Scorecard. In contrast, the overall average for the class of 2024 is $68,516.
Bottom Line
At $86,705 a year, Harvard’s cost of attendance is relatively high for the country, but in exchange, you’ll get a world-class education. And Harvard isn’t just for the rich and elite: Because it’s need-blind, applicants from all financial backgrounds are welcome. The hard part is getting in.
SoFi Private Student Loans
Please borrow responsibly. SoFi Private Student loans are not a substitute for federal loans, grants, and work-study programs. We encourage you to evaluate all your federal student aid options before you consider any private loans, including ours. Read our FAQs.
Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. SoFi Private Student loans are subject to program terms and restrictions, such as completion of a loan application and self-certification form, verification of application information, the student's at least half-time enrollment in a degree program at a SoFi-participating school, and, if applicable, a co-signer. In addition, borrowers must be U.S. citizens or other eligible status, be residing in the U.S., Puerto Rico, U.S. Virgin Islands, or American Samoa, and must meet SoFi’s underwriting requirements, including verification of sufficient income to support your ability to repay. Minimum loan amount is $1,000. See SoFi.com/eligibility for more information. Lowest rates reserved for the most creditworthy borrowers. SoFi reserves the right to modify eligibility criteria at any time. This information is subject to change. This information is current as of 4/22/2025 and is subject to change. SoFi Private Student loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).
SoFi Bank, N.A. and its lending products are not endorsed by or directly affiliated with any college or university unless otherwise disclosed.
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