The Harvard Graduate Loan program is designed specifically for Harvard students and offers our most competitive rates! If you’re enrolled at least half-time in an eligible degree program at one of the schools listed below, this program is for you. If you do not see your school listed below, visit our Flex Graduate Loan page!
Please note that Executive Education programs offered through HBS and HKS, and programs offered through HBS Online are not eligible for funding under the Harvard Graduate or Flex Graduate Loan programs.
A relationship you can trust.
Harvard FCU is proud to offer favorable loan options for Harvard graduate students. We strive to make your time at Harvard stress-free, by helping to meet your funding needs and simplifying the loan repayment process. You focus on your studies, and we’ll be here to alleviate your financial worries!
Note: You should only apply for a loan you intend to borrow. Harvard FCU notifies the Harvard Financial Aid Office of any applications received, and they may expect the disbursement of funds. Should you have other funds to pay for your education, and need to obtain financial certification, you can easily open a Harvard FCU bank account remotely. For information, please visit harvardfcu.org/international.
We are currently accepting applications for the 2024-2025 academic year.
Select your school:
Loan Limits
Harvard Business School
• Maximum loan amount is the cost of attendance less other aid received (not exceeding $90,000 annually)
• Joint degree candidates: HBS certifies loans according to HBS policy for academic terms when HBS determines your financial aid package
Note: If you are applying for funding after the academic year has ended, please contact the Financial Aid Office prior to submitting your application to determine your eligibility.
School Contact Information:
Harvard Business School
Soldiers Field Road
Spangler Center
Boston, MA 02163-1303
MBA Financial Aid Services
finaid@hbs.edu
Ph. 617-495-6640
Fax 617-496-3991
Key Features
• Competitive fixed rate options
• 0.25% interest rate reduction for automatic recurring payments
• No cosigner required (0.25% interest rate reduction with qualified cosigner)
• Immediate conditional approval
• Full deferment while enrolled at least half-time in a Harvard University graduate program
• 9-month grace period
• No prepayment penalties
• U.S. bank account included with loan (at no additional cost)
• Convenient loan closing locations throughout Harvard University campuses
• Harvard FCU loans are eligible for JD LIPP, subject to LIPP guidelines, and other Harvard LRAP programs (10 year loan term required)
| Program Rates & Terms | ||||
|---|---|---|---|---|
| Term | Rate Type | Rate1 | APR1 as low as |
Est. Monthly Payment |
| 5 Year | Fixed | 7.50 % | 6.59% | $267.83 |
| 10 Year | Fixed | 7.75 % | 6.95% | $161.02 |
| 15 Year | Fixed | 8.00 % | 7.26% | $128.80 |
Please review the full program disclosure for further information on loan rates and cost.
Terms and Conditions Apply. In order to qualify, a borrower must be accepted into or enrolled at an eligible Harvard graduate school at least half-time, and must satisfy all required underwriting and document requirements. You are an eligible domestic borrower if you are a U.S. Citizen or permanent resident. All international borrowers must pass an OFAC screening, and applications will not be accepted from residents or citizens of OFAC sanctioned countries.
1. Interest Rate & APR. Your interest rate is determined by the term option you select. You may receive a lower rate if a qualified cosigner is associated with your application. The APR assumes you are enrolled for 48 months, have a 9 month grace period before repayment begins, and the lowest rate accounts for having a qualified cosigner associated with your loan. Interest is charged daily throughout the life of the loan, beginning the first date of disbursement, during school, through any grace or deferment period, and ending when the loan is paid in full. You are not required to make payment on your loan while enrolled in school and during your grace period, however you can make principal and interest payments at any time. Harvard FCU does not accept principal only payments. All payment are first applied to fees, interest, and then principal. Calculations are estimates only. Actual rates and payment information may vary based upon applicable terms.
Loan Example: Repayment examples are based upon a borrower and qualified cosigner, and include a cosigner discount of 0.25%. Other assumptions include 4 years in school, and a 9-month grace period. Borrowing $10,000 at 7.25% and 5 year term, results in 6.59% APR, monthly payment of $267.83, finance charge of $6,069.80 and total repayment of $16,069.80. Due to the in-school and grace period, the APR is lower than the interest rate.
2. AUTO-PAY. In order to be eligible for the 0.25% interest rate reduction for automatic payments, you must be signed up for automatic payments through University Account Service (UAS). Payment must be set-up from a U.S. bank account. If at any-time automatic payments are stopped, the rate discount will not be applied. The discount will not reduce the monthly payment amount but will help you pay down the loan faster. Auto-pay is not required to obtain a loan. Harvard FCU reserves the right to change rate discounts at any time.
3. COSIGNER DISCOUNT. In order to be eligible for the cosigner discount, your cosigner must meet underwriting and credit requirements.
4. PRIME RATE. All current Harvard FCU products offer a fixed interest rate. Variable and hybrid rate education loans reprice quarterly in January, April, July, and October based on the prime rate published on the 1st of the preceding month. The prime rate of the last repricing was 8.50 %, adjusted on October 1, 2023.
5. MEMBERSHIP. Membership in the Credit Union requires a $5 minimum deposit in a Share Savings Account. Education Loan borrowers must be the primary accountholder to meet the membership requirement.
JD Students
Loan Limits
- Minimum loan amount is $1,000
- The annual maximum for 2024-2025 is $116,000
Note: JD students should not apply before June 1st.
School Contact Information:
HLS JD Student Financial Services
Attn: JD Financial Aid
Wasserstein Hall Suite 5027
1585 Massachusetts Avenue
Cambridge, MA 02138
Student Financial Services
sfs@law.harvard.edu
Ph. 617-495-4606
LLM/SJD Students
Loan Limits
• Minimum loan amount is $1,000
• For LLM/SJD student loan limits, contact the HLS Graduate Program
School Contact Information:
Office of Admissions & Financial Aid (LLM/SJD)
Wasserstein Hall Suite 5005
Wasserstein Hall Suite 5027
1585 Massachusetts Avenue
Cambridge, MA 02138
Student Financial Services
gpquery@law.harvard.edu
Ph. 617-496-8214
Key Features
• Competitive fixed rate options
• 0.25% interest rate reduction for automatic recurring payments
• No cosigner required (0.25% interest rate reduction with qualified cosigner)
• Immediate conditional approval
• Full deferment while enrolled at least half-time in a Harvard University graduate program
• 9-month grace period
• No prepayment penalties
• U.S. bank account included with loan (at no additional cost)
• Convenient loan closing locations throughout Harvard University campuses
• Harvard FCU loans are eligible for JD LIPP, subject to LIPP guidelines, and other Harvard LRAP programs (10 year loan term required)
| Program Rates & Terms | ||||
|---|---|---|---|---|
| Term | Rate Type | Rate1 | APR1 as low as |
Est. Monthly Payment |
| 5 Year | Fixed | 7.50 % | 6.59% | $267.83 |
| 10 Year | Fixed | 7.75 % | 6.95% | $161.02 |
| 15 Year | Fixed | 8.00 % | 7.26% | $128.80 |
Please review the full program disclosure for further information on loan rates and cost.
Terms and Conditions Apply. In order to qualify, a borrower must be accepted into or enrolled at an eligible Harvard graduate school at least half-time, and must satisfy all required underwriting and document requirements. You are an eligible domestic borrower if you are a U.S. Citizen or permanent resident. All international borrowers must pass an OFAC screening, and applications will not be accepted from residents or citizens of OFAC sanctioned countries.
1. Interest Rate & APR. Your interest rate is determined by the term option you select. You may receive a lower rate if a qualified cosigner is associated with your application. The APR assumes you are enrolled for 48 months, have a 9 month grace period before repayment begins, and the lowest rate accounts for having a qualified cosigner associated with your loan. Interest is charged daily throughout the life of the loan, beginning the first date of disbursement, during school, through any grace or deferment period, and ending when the loan is paid in full. You are not required to make payment on your loan while enrolled in school and during your grace period, however you can make principal and interest payments at any time. Harvard FCU does not accept principal only payments. All payment are first applied to fees, interest, and then principal. Calculations are estimates only. Actual rates and payment information may vary based upon applicable terms.
Loan Example: Repayment examples are based upon a borrower and qualified cosigner, and include a cosigner discount of 0.25%. Other assumptions include 4 years in school, and a 9-month grace period. Borrowing $10,000 at 7.25% and 5 year term, results in 6.59% APR, monthly payment of $267.83, finance charge of $6,069.80 and total repayment of $16,069.80. Due to the in-school and grace period, the APR is lower than the interest rate.
2. AUTO-PAY. In order to be eligible for the 0.25% interest rate reduction for automatic payments, you must be signed up for automatic payments through University Account Service (UAS). Payment must be set-up from a U.S. bank accont. If at any-time automatic payments are stopped, the rate discount will not be applied. The discount will not reduce the monthly payment amount but will help you pay down the loan faster. Auto-pay is not required to obtain a loan. Harvard FCU reserves the right to change rate discounts at any time.
3. COSIGNER DISCOUNT. In order to be eligible for the cosigner discount, your cosigner must meet underwriting and credit requirements.
4. PRIME RATE. All current Harvard FCU products offer a fixed interest rate. Variable and hybrid rate education loans reprice quarterly in January, April, July, and October based on the prime rate published on the 1st of the preceding month. The prime rate of the last repricing was 8.50 %, adjusted on October 1, 2023.
5. MEMBERSHIP. Membership in the Credit Union requires a $5 minimum deposit in a Share Savings Account. Education Loan borrowers must be the primary accountholder to meet the membership requirement.
Loan Limits
Harvard Medical School
- Master’s Degree program: The maximum loan amount is based on your cost of attendance minus other aid, not to exceed $25,000. You may be conditionally approved for a higher amount if you apply for more than $25,000, however, the Financial Aid Office will adjust this amount not to exceed $25,000 when they certify your loan.
- MD program: The maximum loan amount is based on your cost of attendance minus other aid, not to exceed $75,000.
- Interested applicants must speak with an HMS financial aid officer before applying for this loan.
School Contact Information:
Harvard Medical School
25 Shattuck Street Rm 211
Boston, MA 02115-6092
financial_aid@hms.harvard.edu
Ph. 617-432-0449
Fax 617-432-4308
Key Features
• Competitive fixed rate options
• 0.25% interest rate reduction for automatic recurring payments
• No cosigner required (0.25% interest rate reduction with qualified cosigner)
• Immediate conditional approval
• Full deferment while enrolled at least half-time in a Harvard University graduate program
• 9-month grace period
• No prepayment penalties
• U.S. bank account included with loan (at no additional cost)
• Convenient loan closing locations throughout Harvard University campuses
• Harvard FCU loans are eligible for JD LIPP, subject to LIPP guidelines, and other Harvard LRAP programs (10 year loan term required)
| Program Rates & Terms | ||||
|---|---|---|---|---|
| Term | Rate Type | Rate1 | APR1 as low as |
Est. Monthly Payment |
| 5 Year | Fixed | 7.50 % | 6.59% | $267.83 |
| 10 Year | Fixed | 7.75 % | 6.95% | $161.02 |
| 15 Year | Fixed | 8.00 % | 7.26% | $128.80 |
Please review the full program disclosure for further information on loan rates and cost.
Terms and Conditions Apply. In order to qualify, a borrower must be accepted into or enrolled at an eligible Harvard graduate school at least half-time, and must satisfy all required underwriting and document requirements. You are an eligible domestic borrower if you are a U.S. Citizen or permanent resident. All international borrowers must pass an OFAC screening, and applications will not be accepted from residents or citizens of OFAC sanctioned countries.
1. Interest Rate & APR. Your interest rate is determined by the term option you select. You may receive a lower rate if a qualified cosigner is associated with your application. The APR assumes you are enrolled for 48 months, have a 9 month grace period before repayment begins, and the lowest rate accounts for having a qualified cosigner associated with your loan. Interest is charged daily throughout the life of the loan, beginning the first date of disbursement, during school, through any grace or deferment period, and ending when the loan is paid in full. You are not required to make payment on your loan while enrolled in school and during your grace period, however you can make principal and interest payments at any time. Harvard FCU does not accept principal only payments. All payment are first applied to fees, interest, and then principal. Calculations are estimates only. Actual rates and payment information may vary based upon applicable terms.
Loan Example: Repayment examples are based upon a borrower and qualified cosigner, and include a cosigner discount of 0.25%. Other assumptions include 4 years in school, and a 9-month grace period. Borrowing $10,000 at 7.25% and 5 year term, results in 6.59% APR, monthly payment of $267.83, finance charge of $6,069.80 and total repayment of $16,069.80. Due to the in-school and grace period, the APR is lower than the interest rate.
2. AUTO-PAY. In order to be eligible for the 0.25% interest rate reduction for automatic payments, you must be signed up for automatic payments through University Account Service (UAS). Payment must be set-up from a U.S. bank account. If at any-time automatic payments are stopped, the rate discount will not be applied. The discount will not reduce the monthly payment amount but will help you pay down the loan faster. Auto-pay is not required to obtain a loan. Harvard FCU reserves the right to change rate discounts at any time.
3. COSIGNER DISCOUNT. In order to be eligible for the cosigner discount, your cosigner must meet underwriting and credit requirements.
4. PRIME RATE. All current Harvard FCU products offer a fixed interest rate. Variable and hybrid rate education loans reprice quarterly in January, April, July, and October based on the prime rate published on the 1st of the preceding month. The prime rate of the last repricing was 8.50 %, adjusted on October 1, 2023.
5. MEMBERSHIP. Membership in the Credit Union requires a $5 minimum deposit in a Share Savings Account. Education Loan borrowers must be the primary accountholder to meet the membership requirement.
Loan Limits
Harvard School of Dental Medicine
• Please contact the HSDM Financial Aid Office to find out your loan limit eligibility
School Contact Information:
Harvard School of Dental Medicine
188 Longwood Avenue
Boston, MA 02115-5888
Gardner Key
Director of Financial Aid
gardner_key@hsdm.harvard.edu
Ph. 617-432-1527
Fax 617-432-3881
Key Features
• Competitive fixed rate options
• 0.25% interest rate reduction for automatic recurring payments
• No cosigner required (0.25% interest rate reduction with qualified cosigner)
• Immediate conditional approval
• Full deferment while enrolled at least half-time in a Harvard University graduate program
• 9-month grace period
• No prepayment penalties
• U.S. bank account included with loan (at no additional cost)
• Convenient loan closing locations throughout Harvard University campuses
• Harvard FCU loans are eligible for JD LIPP, subject to LIPP guidelines, and other Harvard LRAP programs (10 year loan term required)
| Program Rates & Terms | ||||
|---|---|---|---|---|
| Term | Rate Type | Rate1 | APR1 as low as |
Est. Monthly Payment |
| 5 Year | Fixed | 7.50 % | 6.59% | $267.83 |
| 10 Year | Fixed | 7.75 % | 6.95% | $161.02 |
| 15 Year | Fixed | 8.00 % | 7.26% | $128.80 |
Please review the full program disclosure for further information on loan rates and cost.
Terms and Conditions Apply. In order to qualify, a borrower must be accepted into or enrolled at an eligible Harvard graduate school at least half-time, and must satisfy all required underwriting and document requirements. You are an eligible domestic borrower if you are a U.S. Citizen or permanent resident. All international borrowers must pass an OFAC screening, and applications will not be accepted from residents or citizens of OFAC sanctioned countries.
1. Interest Rate & APR. Your interest rate is determined by the term option you select. You may receive a lower rate if a qualified cosigner is associated with your application. The APR assumes you are enrolled for 48 months, have a 9 month grace period before repayment begins, and the lowest rate accounts for having a qualified cosigner associated with your loan. Interest is charged daily throughout the life of the loan, beginning the first date of disbursement, during school, through any grace or deferment period, and ending when the loan is paid in full. You are not required to make payment on your loan while enrolled in school and during your grace period, however you can make principal and interest payments at any time. Harvard FCU does not accept principal only payments. All payment are first applied to fees, interest, and then principal. Calculations are estimates only. Actual rates and payment information may vary based upon applicable terms.
Loan Example: Repayment examples are based upon a borrower and qualified cosigner, and include a cosigner discount of 0.25%. Other assumptions include 4 years in school, and a 9-month grace period. Borrowing $10,000 at 7.25% and 5 year term, results in 6.59% APR, monthly payment of $267.83, finance charge of $6,069.80 and total repayment of $16,069.80. Due to the in-school and grace period, the APR is lower than the interest rate.
2. AUTO-PAY. In order to be eligible for the 0.25% interest rate reduction for automatic payments, you must be signed up for automatic payments through University Account Service (UAS). Payment must be set-up from a U.S. bank account. If at any-time automatic payments are stopped, the rate discount will not be applied. The discount will not reduce the monthly payment amount but will help you pay down the loan faster. Auto-pay is not required to obtain a loan. Harvard FCU reserves the right to change rate discounts at any time.
3. COSIGNER DISCOUNT. In order to be eligible for the cosigner discount, your cosigner must meet underwriting and credit requirements.
4. PRIME RATE.All current Harvard FCU products offer a fixed interest rate. Variable and hybrid rate education loans reprice quarterly in January, April, July, and October based on the prime rate published on the 1st of the preceding month. The prime rate of the last repricing was 8.50 %, adjusted on October 1, 2023.
5. MEMBERSHIP. Membership in the Credit Union requires a $5 minimum deposit in a Share Savings Account. Education Loan borrowers must be the primary accountholder to meet the membership requirement.
Loan Limits
Harvard Graduate School of Education
HGSE students, domestic or international, may borrow through the Harvard FCU Graduate Student Lending Program.
- The annual maximum for the 2024-2025 academic year is $25,000.
School Contact Information:
Harvard Graduate School of Education
13 Appian Way
Longfellow 11
Cambridge, MA 02138-3752
finaid@gse.harvard.edu
Ph. 617-495-3416
Fax 617-496-0840
Key Features
• Competitive fixed rate options
• 0.25% interest rate reduction for automatic recurring payments
• No cosigner required (0.25% interest rate reduction with qualified cosigner)
• Immediate conditional approval
• Full deferment while enrolled at least half-time in a Harvard University graduate program
• 9-month grace period
• No prepayment penalties
• U.S. bank account included with loan (at no additional cost)
• Convenient loan closing locations throughout Harvard University campuses
• Harvard FCU loans are eligible for JD LIPP, subject to LIPP guidelines, and other Harvard LRAP programs (10 year loan term required)
| Program Rates & Terms | ||||
|---|---|---|---|---|
| Term | Rate Type | Rate1 | APR1 as low as |
Est. Monthly Payment |
| 10 Year | Fixed | 7.75 % | 7.25% | $143.20 |
| 15 Year | Fixed | 8.00 % | 7.54% | $114.20 |
Please review the full program disclosure for further information on loan rates and cost.
Terms and Conditions Apply. In order to qualify, a borrower must be accepted into or enrolled at an eligible Harvard graduate school at least half-time, and must satisfy all required underwriting and document requirements. You are an eligible domestic borrower if you are a U.S. Citizen or permanent resident. All international borrowers must pass an OFAC screening, and applications will not be accepted from residents or citizens of OFAC sanctioned countries.
1. Interest Rate & APR. Your interest rate is determined by the term option you select. You may receive a lower rate if a qualified cosigner is associated with your application. The APR assumes you are enrolled for 24 months, have a 9 month grace period before repayment begins, and the lowest rate accounts for a qualified cosigner associated with your loan. Interest is charged daily throughout the life of the loan, beginning the first date of disbursement, during school, through any grace or deferment period, and ending when the loan is paid in full. You are not required to make payment on your loan while enrolled in school and during your grace period, however you can make principal and interest payments at any time. Harvard FCU does not accept principal only payments. All payment are first applied to fees, interest, and then principal. Calculations are estimates only. Actual rates and payment information may vary based upon applicable terms.
Loan Example: Repayment examples are based upon a borrower and qualified cosigner, and include a cosigner discount of 0.25%. Other assumptions include 2 years in school, and a 9-month grace period. Borrowing $10,000 at 7.50% and 10 year term, results in 7.25% APR, monthly payment of $143.20, finance charge of $7,184.00 and total repayment of $17,184.00. Due to the in-school and grace period, the APR is lower than the interest rate.
2. AUTO-PAY. In order to be eligible for the 0.25% interest rate reduction for automatic payments, you must be signed up for automatic payments through University Account Service (UAS). Payment must be set-up from a U.S. bank account. If at any-time automatic payments are stopped, the rate discount will not be applied. The discount will not reduce the monthly payment amount but will help you pay down the loan faster. Auto-pay is not required to obtain a loan. Harvard FCU reserves the right to change rate discounts at any time.
3. COSIGNER DISCOUNT. In order to be eligible for the cosigner discount, your cosigner must meet underwriting and credit requirements.
4. PRIME RATE. All current Harvard FCU products offer a fixed interest rate. Variable and hybrid rate education loans reprice quarterly in January, April, July, and October based on the prime rate published on the 1st of the preceding month. The prime rate of the last repricing was 8.50 %, adjusted on October 1, 2023.
5. MEMBERSHIP. Membership in the Credit Union requires a $5 minimum deposit in a Share Savings Account. Education Loan borrowers must be the primary accountholder to meet the membership requirement.
Loan Limits
Harvard T.H. Chan School of Public Health
- The maximum loan amount for domestic applicants is the cost of attendance less other aid received, not exceeding $65,000 annually.
- Per SPH policy, international students without a cosigner may borrow up to $30,000 for the 2024-2025 academic year. With a creditworthy U.S. cosigner, the maximum loan amount is the cost of attendance less other aid received, not to exceed $40,000 annually.
- If you have not already done so, and you are an international student, you must complete the Preliminary Private Loan Request Form in order to notify the Office of Financial Aid of your decision to borrow.
School Contact Information:
Harvard T.H. Chan School of Public Health
677 Huntington Avenue
Boston, MA 02115-6096
financialaid@hsph.harvard.edu
Ph. 617-432-1867
Fax 617-432-5431
Key Features
• Competitive fixed rate options
• 0.25% interest rate reduction for automatic recurring payments
• No cosigner required (0.25% interest rate reduction with qualified cosigner)
• Immediate conditional approval
• Full deferment while enrolled at least half-time in a Harvard University graduate program
• 9-month grace period
• No prepayment penalties
• U.S. bank account included with loan (at no additional cost)
• Convenient loan closing locations throughout Harvard University campuses
• Harvard FCU loans are eligible for JD LIPP, subject to LIPP guidelines, and other Harvard LRAP programs (10 year loan term required)
| Program Rates & Terms | ||||
|---|---|---|---|---|
| Term | Rate Type | Rate1 | APR1 as low as |
Est. Monthly Payment |
| 10 Year | Fixed | 7.75 % | 7.25% | $143.20 |
| 15 Year | Fixed | 8.00 % | 7.54% | $114.20 |
Please review the full program disclosure for further information on loan rates and cost.
Terms and Conditions Apply. In order to qualify, a borrower must be accepted into or enrolled at an eligible Harvard graduate school at least half-time, and must satisfy all required underwriting and document requirements. You are an eligible domestic borrower if you are a U.S. Citizen or permanent resident. All international borrowers must pass an OFAC screening, and applications will not be accepted from residents or citizens of OFAC sanctioned countries.
1. Interest Rate & APR. Your interest rate is determined by the term option you select. You may receive a lower rate if a qualified cosigner is associated with your application. The APR assumes you are enrolled for 24 months, have a 9 month grace period before repayment begins, and the lowest rate accounts for a qualified cosigner associated with your loan. Interest is charged daily throughout the life of the loan, beginning the first date of disbursement, during school, through any grace or deferment period, and ending when the loan is paid in full. You are not required to make payment on your loan while enrolled in school and during your grace period, however you can make principal and interest payments at any time. Harvard FCU does not accept principal only payments. All payment are first applied to fees, interest, and then principal. Calculations are estimates only. Actual rates and payment information may vary based upon applicable terms.
Loan Example: Repayment examples are based upon a borrower and qualified cosigner, and include a cosigner discount of 0.25%. Other assumptions include 2 years in school, and a 9-month grace period. Borrowing $10,000 at 7.50% and 10 year term, results in 7.25% APR, monthly payment of $143.20, finance charge of $7,184.00 and total repayment of $17,184.00. Due to the in-school and grace period, the APR is lower than the interest rate.
2. AUTO-PAY. In order to be eligible for the 0.25% interest rate reduction for automatic payments, you must be signed up for automatic payments through University Account Service (UAS). Payment must be set-up from a U.S. bank account. If at any-time automatic payments are stopped, the rate discount will not be applied. The discount will not reduce the monthly payment amount but will help you pay down the loan faster. Auto-pay is not required to obtain a loan. Harvard FCU reserves the right to change rate discounts at any time.
3. COSIGNER DISCOUNT. In order to be eligible for the cosigner discount, your cosigner must meet underwriting and credit requirements.
4. PRIME RATE. All current Harvard FCU products offer a fixed interest rate. Variable and hybrid rate education loans reprice quarterly in January, April, July, and October based on the prime rate published on the 1st of the preceding month. The prime rate of the last repricing was 8.50 %, adjusted on October 1, 2023.
5. MEMBERSHIP. Membership in the Credit Union requires a $5 minimum deposit in a Share Savings Account. Education Loan borrowers must be the primary accountholder to meet the membership requirement.
Loan Limits
Harvard Graduate School of Design
• International and domestic GSD students can borrow up to a maximum annual loan amount of $15,000, depending on year in school, given the borrowed amount fits within the student’s budget (COA minus other aid).
School Contact Information:
Harvard Graduate School of Design
48 Quincy Street
422 Gund Hall
Cambridge, MA 02138-3000
financial_aid@gsd.harvard.edu
Ph. 617-495-5455
Fax 617-495-8949
Key Features
• Competitive fixed rate options
• 0.25% interest rate reduction for automatic recurring payments
• No cosigner required (0.25% interest rate reduction with qualified cosigner)
• Immediate conditional approval
• Full deferment while enrolled at least half-time in a Harvard University graduate program
• 9-month grace period
• No prepayment penalties
• U.S. bank account included with loan (at no additional cost)
• Convenient loan closing locations throughout Harvard University campuses
• Harvard FCU loans are eligible for JD LIPP, subject to LIPP guidelines, and other Harvard LRAP programs (10 year loan term required)
| Program Rates & Terms | ||||
|---|---|---|---|---|
| Term | Rate Type | Rate1 | APR1 as low as |
Est. Monthly Payment |
| 10 Year | Fixed | 7.75 % | 7.25% | $143.20 |
| 15 Year | Fixed | 8.00 % | 7.54% | $114.20 |
Please review the full program disclosure for further information on loan rates and cost.
Terms and Conditions Apply. In order to qualify, a borrower must be accepted into or enrolled at an eligible Harvard graduate school at least half-time, and must satisfy all required underwriting and document requirements. You are an eligible domestic borrower if you are a U.S. Citizen or permanent resident. All international borrowers must pass an OFAC screening, and applications will not be accepted from residents or citizens of OFAC sanctioned countries.
1. Interest Rate & APR. Your interest rate is determined by the term option you select. You may receive a lower rate if a qualified cosigner is associated with your application. The APR assumes you are enrolled for 24 months, have a 9 month grace period before repayment begins, and the lowest rate accounts for a qualified cosigner associated with your loan. Interest is charged daily throughout the life of the loan, beginning the first date of disbursement, during school, through any grace or deferment period, and ending when the loan is paid in full. You are not required to make payment on your loan while enrolled in school and during your grace period, however you can make principal and interest payments at any time. Harvard FCU does not accept principal only payments. All payment are first applied to fees, interest, and then principal. Calculations are estimates only. Actual rates and payment information may vary based upon applicable terms.
Loan Example: Repayment examples are based upon a borrower and qualified cosigner, and include a cosigner discount of 0.25%. Other assumptions include 2 years in school, and a 9-month grace period. Borrowing $10,000 at 7.50% and 10 year term, results in 7.25% APR, monthly payment of $143.20, finance charge of $7,184.00 and total repayment of $17,184.00. Due to the in-school and grace period, the APR is lower than the interest rate.
2. AUTO-PAY. In order to be eligible for the 0.25% interest rate reduction for automatic payments, you must be signed up for automatic payments through University Account Service (UAS). Payment must be set-up from a U.S. bank account. If at any-time automatic payments are stopped, the rate discount will not be applied. The discount will not reduce the monthly payment amount but will help you pay down the loan faster. Auto-pay is not required to obtain a loan. Harvard FCU reserves the right to change rate discounts at any time.
3. COSIGNER DISCOUNT. In order to be eligible for the cosigner discount, your cosigner must meet underwriting and credit requirements.
4. PRIME RATE. All current Harvard FCU products offer a fixed interest rate. Variable and hybrid rate education loans reprice quarterly in January, April, July, and October based on the prime rate published on the 1st of the preceding month. The prime rate of the last repricing was 8.50 %, adjusted on October 1, 2023.
5. MEMBERSHIP. Membership in the Credit Union requires a $5 minimum deposit in a Share Savings Account. Education Loan borrowers must be the primary accountholder to meet the membership requirement.
Loan Limits
Harvard Graduate School of Arts & Sciences
- The annual maximum for HGSAS students is $30,000 for the Harvard FCU Graduate Student Loan
- GSAS aggregate lifetime limit – $60,000
- GSAS does not allow for the Harvard FCU loan to be used for U.S. Visa financial certification for PhD students
- GSAS allows for the Harvard FCU loan to be used for U.S. Visa financial certification for master’s degree students
- Students with concerns about eligibility may contact GSAS Financial Aid for assistance
School Contact Information:
Harvard Graduate School of Arts & Sciences
Office of Financial Aid
1350 Massachusetts Avenue
Smith Campus Center 350
Cambridge, MA 02138-3654
Ph. 617-495-5315
Key Features
• Competitive fixed rate options
• 0.25% interest rate reduction for automatic recurring payments
• No cosigner required (0.25% interest rate reduction with qualified cosigner)
• Immediate conditional approval
• Full deferment while enrolled at least half-time in a Harvard University graduate program
• 9-month grace period
• No prepayment penalties
• U.S. bank account included with loan (at no additional cost)
• Convenient loan closing locations throughout Harvard University campuses
• Harvard FCU loans are eligible for JD LIPP, subject to LIPP guidelines, and other Harvard LRAP programs (10 year loan term required)
| Program Rates & Terms | ||||
|---|---|---|---|---|
| Term | Rate Type | Rate1 | APR1 as low as |
Est. Monthly Payment |
| 10 Year | Fixed | 7.75 % | 7.25% | $143.20 |
| 15 Year | Fixed | 8.00 % | 7.54% | $114.20 |
Please review the full program disclosure for further information on loan rates and cost.
Terms and Conditions Apply. In order to qualify, a borrower must be accepted into or enrolled at an eligible Harvard graduate school at least half-time, and must satisfy all required underwriting and document requirements. You are an eligible domestic borrower if you are a U.S. Citizen or permanent resident. All international borrowers must pass an OFAC screening, and applications will not be accepted from residents or citizens of OFAC sanctioned countries.
1. Interest Rate & APR. Your interest rate is determined by the term option you select. You may receive a lower rate if a qualified cosigner is associated with your application. The APR assumes you are enrolled for 24 months, have a 9 month grace period before repayment begins, and the lowest rate accounts for a qualified cosigner associated with your loan. Interest is charged daily throughout the life of the loan, beginning the first date of disbursement, during school, through any grace or deferment period, and ending when the loan is paid in full. You are not required to make payment on your loan while enrolled in school and during your grace period, however you can make principal and interest payments at any time. Harvard FCU does not accept principal only payments. All payment are first applied to fees, interest, and then principal. Calculations are estimates only. Actual rates and payment information may vary based upon applicable terms.
Loan Example: Repayment examples are based upon a borrower and qualified cosigner, and include a cosigner discount of 0.25%. Other assumptions include 2 years in school, and a 9-month grace period. Borrowing $10,000 at 7.50% and 10 year term, results in 7.25% APR, monthly payment of $143.20, finance charge of $7,184.00 and total repayment of $17,184.00. Due to the in-school and grace period, the APR is lower than the interest rate.
2. AUTO-PAY. In order to be eligible for the 0.25% interest rate reduction for automatic payments, you must be signed up for automatic payments through University Account Service (UAS). Payment must be set-up from a U.S. bank account. If at any-time automatic payments are stopped, the rate discount will not be applied. The discount will not reduce the monthly payment amount but will help you pay down the loan faster. Auto-pay is not required to obtain a loan. Harvard FCU reserves the right to change rate discounts at any time.
3. COSIGNER DISCOUNT. In order to be eligible for the cosigner discount, your cosigner must meet underwriting and credit requirements.
4. PRIME RATE. All current Harvard FCU products offer a fixed interest rate. Variable and hybrid rate education loans reprice quarterly in January, April, July, and October based on the prime rate published on the 1st of the preceding month. The prime rate of the last repricing was 8.50 %, adjusted on October 1, 2023.
5. MEMBERSHIP. Membership in the Credit Union requires a $5 minimum deposit in a Share Savings Account. Education Loan borrowers must be the primary accountholder to meet the membership requirement.
Loan Limits
Harvard Kennedy School
• The maximum loan amount for domestic applicants is the cost of attendance less other aid received, not exceeding $65,000 annually.
• Per HKS policy, international students may borrow $20,000 without a US citizen or permanent resident creditworthy cosigner. With a creditworthy U.S. cosigner, the maximum loan amount is the cost of attendance less other aid received, not exceeding $50,000 annually.
School Contact Information:
John F. Kennedy School of Government
79 John F. Kennedy Street
(Office location–124 Mt. Auburn Street, Suite 165)
Cambridge, MA 02138
Ph. 617-495-1155
Email: admissionsandaid@hks.harvard.edu
Key Features
• Competitive fixed rate options
• 0.25% interest rate reduction for automatic recurring payments
• No cosigner required (0.25% interest rate reduction with qualified cosigner)
• Immediate conditional approval
• Full deferment while enrolled at least half-time in a Harvard University graduate program
• 9-month grace period
• No prepayment penalties
• U.S. bank account included with loan (at no additional cost)
• Convenient loan closing locations throughout Harvard University campuses
• Harvard FCU loans are eligible for JD LIPP, subject to LIPP guidelines, and other Harvard LRAP programs (10 year loan term required)
| Program Rates & Terms | ||||
|---|---|---|---|---|
| Term | Rate Type | Rate1 | APR1 as low as |
Est. Monthly Payment |
| 10 Year | Fixed | 7.75 % | 7.25% | $143.20 |
| 15 Year | Fixed | 8.00 % | 7.54% | $114.20 |
Please review the full program disclosure for further information on loan rates and cost.
Terms and Conditions Apply. In order to qualify, a borrower must be accepted into or enrolled at an eligible Harvard graduate school at least half-time, and must satisfy all required underwriting and document requirements. You are an eligible domestic borrower if you are a U.S. Citizen or permanent resident. All international borrowers must pass an OFAC screening, and applications will not be accepted from residents or citizens of OFAC sanctioned countries.
1. Interest Rate & APR. Your interest rate is determined by the term option you select. You may receive a lower rate if a qualified cosigner is associated with your application. The APR assumes you are enrolled for 24 months, have a 9 month grace period before repayment begins, and the lowest rate accounts for a qualified cosigner associated with your loan. Interest is charged daily throughout the life of the loan, beginning the first date of disbursement, during school, through any grace or deferment period, and ending when the loan is paid in full. You are not required to make payment on your loan while enrolled in school and during your grace period, however you can make principal and interest payments at any time. Harvard FCU does not accept principal only payments. All payment are first applied to fees, interest, and then principal. Calculations are estimates only. Actual rates and payment information may vary based upon applicable terms.
Loan Example: Repayment examples are based upon a borrower and qualified cosigner, and include a cosigner discount of 0.25%. Other assumptions include 2 years in school, and a 9-month grace period. Borrowing $10,000 at 7.50% and 10 year term, results in 7.25% APR, monthly payment of $143.20, finance charge of $7,184.00 and total repayment of $17,184.00. Due to the in-school and grace period, the APR is lower than the interest rate.
2. AUTO-PAY. In order to be eligible for the 0.25% interest rate reduction for automatic payments, you must be signed up for automatic payments through University Account Service (UAS). Payment must be set-up from a U.S. bank account. If at any-time automatic payments are stopped, the rate discount will not be applied. The discount will not reduce the monthly payment amount but will help you pay down the loan faster. Auto-pay is not required to obtain a loan. Harvard FCU reserves the right to change rate discounts at any time.
3. COSIGNER DISCOUNT. In order to be eligible for the cosigner discount, your cosigner must meet underwriting and credit requirements.
4. PRIME RATE. All current Harvard FCU products offer a fixed interest rate. Variable and hybrid rate education loans reprice quarterly in January, April, July, and October based on the prime rate published on the 1st of the preceding month. The prime rate of the last repricing was 8.50 %, adjusted on October 1, 2023.
5. MEMBERSHIP. Membership in the Credit Union requires a $5 minimum deposit in a Share Savings Account. Education Loan borrowers must be the primary accountholder to meet the membership requirement.
What's Next
Ready to apply for a loan? Click below to see step by step instructions on how to complete your application.
Education Loan Application Steps
For more information about repaying your loan, check out our repayment page below.
More questions? Visit our FAQ page!
Need help?
Please contact the Harvard FCU Education Loan Operation Center:
- Call: 717-254-2397
- Email: Harvardfcu@campusdoor.com
Please note: Harvard FCU does not lend to citizens of the following countries: Belarus, Cuba, DR Congo, Iraq, Libya, Somalia, Syria, Iran and North Korea. The credit union conducts a thorough risk-assessment, taking into account criteria such as OFAC, and the ability to satisfy repayment obligations based upon capital controls in certain countries. All international applicants must pass an OFAC screening.