<p>I read somewhere that the average debt of a Harvard graduate is around $6,000 (can't remember where). How???? I mean, is everyone that goes there THAT rich. What about the students whose EFC is around $8k per year. Do they truly end up with $32k debts, or is something else going on up there.</p>
<p><a href="http://fao.fas.harvard.edu/downloads/debt_mgmt_guide.pdf#search='average%20debt%20of%20harvard%20graduate%202005">http://fao.fas.harvard.edu/downloads/debt_mgmt_guide.pdf#search='average%20debt%20of%20harvard%20graduate%202005</a>'<br>
Average = $9640 Median = $8000 and has past year graduation debt statistics also if you're interested</p>
<p>Boston? Haha..</p>
<p>They would receive grants.</p>
<p>i read that it's about $8,000, but that is amazing considering that the average college grad from all other American colleges has $20,000 in debt</p>
<p>I have a friend at Harvard right now who's nto rich at all. In fact, for him Harvard is less than U of M.</p>
<p>is this because harvard is very generous with aid?</p>
<p>It is partly because the finacial aid initiative (families that make less than 40K get a full ride) and partly because many people that go there can actually afford it.</p>
<p>....and largely because with $25.9 billion, Harvard has the largest financial endowment of any academic institution in the world. 2nd after Harvard is Yale with $15.2 billion -- which is only 60% of Harvard's endowment.</p>
<p>so, generous financial aid? one can definitely see why and how.</p>