Harvard Domestic Graduate Student Loans


Choose Your Program

Harvard Business School
Harvard Graduate School of Design
Harvard Graduate School of Education
Harvard Graduate School of Arts & Sciences
Harvard Kennedy School
Harvard Law School — JD
Harvard Law School — LLM/SJD
Harvard Medical School
Harvard School of Dental Medicine
Harvard School of Public Health
American Repertory

Fixed/Variable Rate Program

At HUECU we pride ourselves on being the financial institution that serves the entire HUECU community. Delivering a wide range of cost-effective products and services through the most progressive delivery channels available in the industry, we succeed by providing quality financial services that meet the needs of our members. We've brought this same singular focus to student lending—helping you finance a higher education without a higher price tag.

Key Features

  • Available to U.S. citizens and permanent residents
  • No origination fee  
  • Fixed rate of 5.50% (borrower-only) or 5.00% (with qualified co-borrower) for first 60 months from date of initial disbursement. After 60 months, variable interest rates will range from Prime Rate + 1.75% to Prime Rate + 2.25%.
  • Zero pre-payment fees
  • Co-borrower not required (although having a co-borrower could result in a lower interest rate)
  • Flexible repayment options, including full deferment of payments while in school
  • Up to 4 years deferment of payments while enrolled at Harvard University
  • 15 year repayment period – or repay early at any-time with NO penalty
  • 0.25% rate discount for automatic electronic payment during repayment
  • Aggregate and annual loan limit dependent on cost of attendance, school limits, and school certification


Who's eligible?
U.S. citizens and permanent residents attending an eligible Harvard University program. Proper documentation is required, including a valid U.S. passport, social security card, and/or alien registration form.

How much can I borrow?
Please check the information about your school section above to learn about loan limits. dependent on cost of attendance, school limits, and school certification. The Harvard financial aid office will certify the requested loan amount with the Credit Union.

What will be my rate?
You will be quoted a rate after you are approved for the loan. NOTE: There is no obligation to take the loan once you apply and are approved. We encourage you to apply and evaluate your options before making a final decision.

How are rates determined?
Rates for the first 60 months after the initial disbursement are fixed at 5.50% (borrower-only) or 5.00% (with qualified co-borrower). Thereafter, rates are variable and reset quarterly. They vary based on the Prime Rate (which can be found in The Wall Street Journal) but are also dependent on your credit and, if applicable, the credit of your co-borrower.

Is a co-borrower required?
No. A co-borrower is not required for this loan. Please note, however, that due to credit and income criteria, having a co-borrower could improve the chances for loan approval and also result in a lower interest rate. (A co-borrower is a person who signs the Promissory Note to help enable a Borrower to qualify for the Loan. The co-borrower is also obligated to the debt. To qualify, a co-borrower must be a U.S. citizen or permanent resident and meet credit score criteria. With automated payment and after 48 consecutive monthly on-time payments, a co-borrower may request to be released from the loan. However, the release is subject to the credit-worthiness of the primary borrower.)

What are the repayment terms?
Students may choose full deferment while in school or choose to make payments while enrolled. Once you complete your enrollment at Harvard, or after 4 years (whichever comes first), the repayment period of 15 years (180 months) begins.

How do I apply?
Click here to quickly and easily apply online. If you have additional questions, please contact our student loan representatives between 7:00am — 6:00pm, Monday through Friday, by calling 877-716-6587. If you are calling from outside the United States, please reach us at 01-916-281-2491. You may also email our student loan representatives at huecu@cology.com.