Harvard University is one of the leading universities of the world. It is located at Massachusetts Hall in Cambridge. It was established in the year 1636 by vote of the Great and General Court of the Massachusetts Bay Colony. Drew Gilpin Faust is the current President of Harvard University. There are about 1900 faculty members in Harvard University. Harvard University is made up of 10 academic units and Radcliff Institute for Advanced Study. The Harvard University offers undergraduate and graduate course in Business, Dental, Design, Divinity, Law, Medical, Engineering etc.

Harvard University provides Harvard Financial Aid Initiative (HFAI) to those students whose financial condition is not good and has difficulty in paying for the fees. It provides a lot of scholarship to the needy students. In HFAI, a certain amount has to be beard by the student and the rest loan amount would be provided by the university. Those students whose family income is between $120,000-$180,000 need to contribute at least 10% of their annual income for the educational expenses. Those students whose family income is between $60,000 and $120,000 would require contribution ranging between 1 to 10 percent of their annual family income. And those students whose family income is less than $60,000 need not contribute anything. They would in fact be offered the entire loan amount irrespective of the course they have chosen. Harvard University provides lots of scholarships to the bright and intelligent students as well. It is estimated that about 147 million dollars would be spend by Harvard University in scholarships in this present 2009-10 academic session. The scholarship and financial aid that is provided to the needy students varies from college to college under Harvard University. Different colleges under Harvard University have their own independent financial aid program and scholarships.

Apart from Student loan, Harvard University offers a lot of financial assistance like Faculty Aide Program, Dean’s Summer Research Program and Harvard Research program etc to name a few. Through these programs you would not only get a regular monthly stipend but also would gain a lot of experience and knowledge while working with the faculty members on their research projects and in different other academic departments.

For more details you can contact:-

Harvard University
Massachusetts Hall
Cambridge, MA 02138
Tel: 617-495-1000
Website: www.harvard.edu