Admitted students, welcome to the HKS community! We hope you’ve had a chance to celebrate the news of your acceptance—but also know you likely have questions about the realities of financing your HKS education. We look forward to being your partner in navigating the financial aspects of enrolling at HKS.

Here are some answers to some of the most frequently asked questions we receive from newly admitted students.

Was I awarded a scholarship or fellowship?

To view financial aid information, navigate to the Financial Aid tab of the New Admit Portal. From here, you will see instructions on how to access MYFAID, our financial aid portal, where you will find full details about any scholarships or fellowships you may have been awarded.

Admitted Students Only
View the Financial Aid tab of the New Admit Portal

I was awarded a scholarship. Is it renewable or is it only for one year?

While most scholarships and fellowships are renewable, some are for only one year. All fellowships from the HKS research centers are renewed at their discretion. Read the messages in MYFAID for details about any scholarships or fellowships you may have been offered.

Are there any scholarships that have not yet been awarded?

There are several awards—such as the Rubenstein Fellowship and several funds from the Committee on General Scholarship—for which recipients have not yet been selected. If you applied for these awards prior to the application deadline(s), we will contact you in the event that you are selected as a recipient.

What happens to my scholarship if I defer my admission?

You cannot defer your scholarship or fellowship. If you request to defer your admission and that request is approved, you must reapply for financial assistance next year. You may only be considered for financial assistance for the year you will enroll at HKS.

What student loan options are available?

U.S. citizens and permanent residents may be eligible to borrow two types of federal loans—Direct Unsubsidized Loans and Graduate PLUS Loans. As a graduate student, you can receive up to $20,500 in Direct Unsubsidized Loan funds. You are eligible to receive a Graduate PLUS Loan up to the difference between your cost of attendance and any other aid you are receiving. You are also able to apply for private educational loans.

International students are not eligible to borrow U.S. federal student loans. However, you can apply for private educational loans. International students may borrow $20,000 from the Harvard University Employees Credit Union (HUECU) without a U.S. citizen or permanent resident creditworthy cosigner. When considering private loans, pay careful attention to whether a U.S. co-signer is required, the interest rate (whether it is fixed or variable), the length of the repayment period, borrower benefits (such as interest rate reductions and services), and to the deferment options. 

I submitted a FAFSA, but I do not see a federal loan on my award letter. When will I be reviewed for federal student loan eligibility?

Due to the FAFSA delay this year, colleges and universities have still not received 2024-2025 FAFSA data from the Department of Education. We anticipate that we will receive this information before the admission response deadline. Once we receive your FAFSA, we will review your eligibility for federal student loans and notify you if a loan has been added to your award package.

I am a U.S. veteran and qualify for 100 percent of the Post-9/11 GI Bill’s educational benefits. How do I apply to the Yellow Ribbon Program?

We will begin accepting Yellow Ribbon Program materials in the near future. You will need to submit a Certificate of Eligibility from the U.S. Department of Veterans Affairs and a Harvard Notice of Enrollment form, which will be provided to you. More information will follow.

Can I work while enrolled at HKS?

Students often hold research assistant or course assistant positions to provide modest income to cover some of their living expenses. Given the very real academic rigors of your degree program, we ask that you to carefully consider the time constraints of your workload, especially in your first year if you are in a two-year program, before taking a position. Your academics should come first. 

Who can I contact with specific questions about my unique financial circumstances?

Your assigned Admissions & Financial Aid advisor is here to answer your questions.

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