Graduate Student Loan Rates

Shop around and you’ll find that our loans are priced very competitively. You can even get an interest rate reduction for setting up automatic payments.

Program Terms for 2013-2014 Academic Year

US Citizen and US Permanent Resident Students
With Qualified Co-Borrower
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Initial fixed rate of 5.00% for 60 months after the first disbursement, thereafter it is variable and at
Prime + 1.75%
Without Co-Borrower
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Initial fixed rate of 5.50% for 60 months after the first disbursement, thereafter it is variable and at
Prime + 2.25%
Program features a 0.25% interest rate reduction for enrollment in automatic payment deductions.
Harvard Graduate Student Loan Program has no origination fee.
International Students
With U.S. Citizen Co-Borrower
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Prime + 3.00%. Variable rate reset quarterly.
(APR: 6.25% as of April 1, 2012)
Without U.S. Citizen Co-Borrower
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Prime + 3.50%. Variable rate reset quarterly.
(APR: 6.75% as of April 1, 2012)
Program features a 0.25% interest rate reduction for enrollment in automatic payment deductions.
Origination fee of 4% for international loan program. The origination fee is equal to 4% of the amount disbursed and will be added to the loan amount at time of disbursement. For example, if the international graduate student requests $10,000 to be disbursed on their behalf to Harvard University, the origination fee will be $400 and the total loan amount will be $10,400.

 

 

 

Variable rate based on Prime index. Index adjusts quarterly. Floor rate is 5%. Maximum rate is 18%.

Co-borrower not required but having a qualified co-borrower may result in lower interest rate. Co-borrower must be a U.S. Citizen and have a gross monthly income of $1,500 and meet minimum FICO score. Your starting interest rate will be determined after you apply.