Financial Aid for MD Students
Generous Aid, Low Debt
Harvard Medical School has one of the most generous MD financial aid programs in the country. In academic year 2016-17, the HMS Financial Aid Office administered over $38 million in loans, employment, and scholarship funding from various federal, private, and school sources to approximately 80 percent of the HMS student body. As a result of our generous financial aid programs, HMS maintains an average graduating debt well below the national average. Students in the HMS Class of 2017 graduated with an average medical debt of $105,389, which compares favorably with the $206,204 national average at private medical schools.
Diverse Student Body
A diverse student body is integral to the HMS mission. We select candidates without regard to their ability to pay for medical school and award financial assistance solely on the basis of financial need. At HMS, 1 in 5 of our financial aid recipients comes from a family whose annual income is $50,000 or less, and 50 percent of our MD student body benefits annually from the Middle Income Initiative. In order to maintain our generous aid program, we require both students and parents to contribute to the cost of attendance to the extent they are able so that we may distribute limited resources fairly and equitably to those with the greatest need.