Student Account Examples
|Example 1||Example 2||Example 3|
|Grant Recipient||Full Budget Borrower||Partial Budget Borrower|
|Total Financial Aid Package|
|HLS Grant Amount||$44,200.00||—||—|
|HLS Loan Amount||$8,000.00||—||—|
|Additional Borrowing from Federal or Private Sources (Optional)||$47,000.00||$99,200.00||$60,000.00|
|Annualized Aid Amount||$99,200.00||$99,200.00||$60,000.00|
|Anticipated Financial Aid Scenarios (by semester – Fall and Spring)|
|All Student Loans||$27,500.00||$49,600.00||$30,000.00|
|Total Anticipated Aid||$49,600.00||$49,600.00||$30,000.00|
|Standard July Charges|
|Student Health Insurance||$1,850.00||$1,850.00||$1,850.00|
|Fall Semester Result (Total Charges – Total Anticipated Aid)||$14,209.50 Credit||$14,209.50 Credit||$5,390.50 Owed|
- Bear in mind that these are general examples to give you an idea of how anticipated financial aid and your fall charges interact on your student account.
- The anticipated aid numbers also do not account for any potential fees if you chose to borrow an Unsubsidized Direct Loan or GradPLUS.
- The student receiving a grant (Example 1) and the student who is a full budget borrower (Example 2) have elected to apply for the maximum student loan amount possible to bring them up to the set student budget of $99,200 and are eligible for a fall cash advance to cover living expenses.
- In all these examples housing/rent was not addressed. If you will be living off-campus in housing not affiliated with Harvard University, you should expect to utilize your own personal resources and/or cash advance, if eligible, to pay off-campus rent. If you will be residing in a dormitory, your room will appear on your student account as a semester charge both in July and December. If you will be residing in Harvard Real Estate Services’ housing, your monthly rent will be billed to your student account. You must pay your rent charges on your student account each month.