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 73 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 2020 graduated with an average medical debt of $106,877 which compares favorably with the $185,682 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
April 2021

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

Federal Loan Interest
Interest on Federal Direct loans will continue to be waived through September 30, 2021.
View Coronavirus Information for Students and Borrowers

2021-22 Financial Aid Application
The HMS Application for Financial Assistance for the 2021-22 academic year is now available.
Deadline: May 3, 2021
Continuing Student Financial Aid Application Checklist

Graduating Students
Are you graduating in May?
Be sure to complete the steps outlined in the Graduation Checklist and sign up for an appointment with your financial aid counselor for your loan exit to fulfill your financial aid graduation requirements.

HMS Loan Forgiveness
As a reminder, applications for both the HMS Public Service Initiative and the HMS Primary Care Loan Forgiveness Programs are due on April 9th.
View loan forgiveness application details.

Samvid Scholars
This newly established scholarship program is for incoming graduate students who have an exceptional record of achievement and driven to make an impact. The scholarship will provide up to $50,000 in tuition support each year for two years.
Application deadline: April 20, 2021
For more information visit https://www.samvid.ventures/samvidscholars.

Tax Information
Do you have general tax questions?
Find the answers you are looking for on Harvard University's Student Financial Services Website.

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

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.