How Much Does Harvard Cost?

By on July 23, 2010 in ArticlesHow Much Does

How much does Harvard cost? There are a number of factors to consider when answering that question, including what major you're completing, whether you require room and board, and your book / supplies needs, which also change based on what you're studying.

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Harvard's medical and law schools are the two most expensive schools to attend. The university website estimates that the cost for your first-year of attendance at the university is about $66,600. This includes:

• Tuition: $45,050

• University health services fee: $1,160

• Blue Cross / Blue Shield: $1,788

• Disability Insurance: $63

• Matriculation Fee: $35

• Educational Materials Fee: $415

• Living Expenses: $18,600

• Books and Supplies: $2,798

• Loan Fees: $85

Harvard's Faculty of Arts and Sciences has the lowest tuition, which comes out to $53,870 and is broken down as follows:

• Tuition: $33,696

• University health services fee: $1,126

• Blue Cross / Blue Shield: $1,714

• Student Services Fee: $2,190

• Educational Materials Fee: $415

• Room and Board: $11,856

• Books and Supplies: $2,798

• Undergraduate Council Fee: $75

• Monthly Payment Plan Fee: $35

However, Harvard has one of the most generous financial aid packages available for private universities. According to their own website, over half of students attending Harvard receive financial aid. Students who qualify for aid and whose parents make less than $60,000 a year will have to pay nothing from their own pockets to attend school.

It's also important to keep in mind that graduates from Harvard's law school go on to make some of the highest salaries in the field, with starting salaries as high as $155,000 a year. So you might spend a lot on a Harvard education, but the return on your investment could be very substantial.

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