Financial Aid at a Glance

Alert

COVID-19 Update: Staff members within the Financial Aid Office are currently working remotely. To contact our office, please email us at financial_aid@hms.harvard.edu or reach us by phone at 617-432-0449.
 

A notice will be updated here when staff have returned to the office.

Emergency aid for extenuating circumstances related to COVID-19 may be available under the Medical Student Emergency Aid Fund to those who experience temporary financial hardship related to travel, technology and other expenses that are directly related to change to remote learning. 

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. On average the HMS Financial Aid Office administers over $40 million in loans, employment, and scholarship funding from various federal, private, and school sources to approximately 72 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 2021 graduated with an average medical debt of $105,041 which compares favorably with the $188,295 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. Of our financial aid recipients at HMS, 1 in 5 come from a family whose annual income is less than $50,000 and 50 percent qualify for our 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.

HMS Diversity Statement

The average graduating debt in 2019 at HMS was $114,729, compared to the national average of $175,607 at public medical schools, and $184,892 at private medical schools.

For What It's Worth

Monthly Newsletter
January 2022

Refunds
Need money to cover spring living expenses?

Students who expect to have a credit balance once all anticipated aid is disbursed may apply for a spring living expense refund against the future credit.
Refund/Cash Advance Request Form

Winter Financial Literacy Sessions
The HMS Financial Aid Office is partnering with the Harvard University Employees Credit Union (HUECU) and Experian Credit Agency to provide you with a 3-part financial literacy series on student loan repayment, debt management, and credit health.

Each session will take place weekly on Tuesday evenings from 7pm to 8pm EST.
View flyer for more information

Spring 2022 Tuition Bills
Bills are due January 15th.
Find out more about the ins and outs of your tuition billing statement.
Watch a video: Your Student Bill

1098-T Forms
1098-T forms will be available through the Student Accounts Office by the end of January 2022.
Find out more about the 1098-T form on the Harvard University Student Financial Services website.

Federal Loan Interest Update
Interest on Federal Direct loans will continue to be waived through May 1, 2022.
View Coronavirus Information for Students and Borrowers

Research Year/Combined Degree Programs
Thinking about pursuing a 5th year or enrolling in a combined degree program at Harvard?
Find out how this impacts your financial aid.
Watch a video: Research/Dual Degrees

AAMC Financial Wellness
Access free financial calculators, articles, and videos to help you create a budget, track your spending, create financial goals, and enhance your financial knowledge about credit, financial planning, and money management.
Learn more about AAMC Financial Wellness.

Medical Student Emergency Aid Fund
Emergency aid for extenuating circumstances related to COVID-19 may be available under the Medical Student Emergency Aid Fund to those who experience temporary financial hardship related to travel, technology and other expenses that are directly related to change in remote learning.