Need money to cover spring living expenses?
Students who expect to have a credit balance once all anticipated aid is disbursed may apply for a spring living expense refund against the future credit.
Complete a Refund/Cash Advance Request Form
The HMS Financial Aid Application for the 2026-27 academic year will be available the first week in March.
The 2026-27 FAFSA is available now. Be sure to list “E00472” for the HMS school code. [Address: Harvard University Medical School, Boston, MA].
Deadline: June 1, 2026
The 2026-27 Cost of Attendance Budget is now available.
We encourage you to review the new budget and compare the standard amounts (housing, food, transportation, books/supplies, personal expenses) to your actual monthly costs
View the 2026-27 Cost of Attendance Budget.
1098-T tax forms will be available through University Student Financial Services by the end of January 2026.
Find out more about the 1098-T form through University Student Financial Services.
The HMS Financial Aid Office is unable to provide tax advice as we are not tax experts, but here are helpful websites and information to assist you with your tax questions.
• Harvard University Tax Website
• Harvard International Office Tax Information for International Students
• Internal Revenue Service (IRS)
• Massachusetts Department of Revenue
Many online students find that part of their allocation from budget items such as housing, food, transportation, books and supplies effectively helps cover higher at-home costs, such as utilities, internet, and a basic workspace.
View cost of attendance budget.
If you are completing your master’s online, your cost of attendance still includes tuition, fees, and living expenses. The living expense budget is designed to accommodate both residential and remote programs. Students are free to exercise flexibility within the budget to align with personal preferences.
For many online master’s students, traditional costs go down, while at-home costs can increase. The current living expense budget can be rebalanced to fit an online student’s needs.
You may spend less on:
• Public transit and ride shares
• Eating on campus
• Living on campus or near campus
• Ability to waive the University Health Services (UHS Fee)
You may spend more on:
• High speed internet
• Electricity/heat from being home
• A home workspace (desk/chair)
The 2026-27 Free Application for Federal Student Aid (FAFSA) is now available for the 2026-27 academic year.
View details.
The HMS Financial Aid Office will begin importing 2026-27 FAFSA information in March 2026.
Harvard Student Financial Services has put together an FAQ site to address questions regarding federal student loan changes as part of the One Big Beautiful Bill Act enacted in July 2025.
The changes to federal student loans will begin July 1, 2026. This impacts the 2026-27 academic year.
View details.
The U.S. Department of Education offers a loan simulator that helps you estimate monthly student loan payments and choose a loan repayment option that best meets your needs and goals.
Explore the Loan Simulator.
by Jimmy
The Dean’s Scholarship for HMS Master’s Students was established to fund students who have demonstrated financial need and have exhibited academic excellence, persistence, resilience, and a commitment to serving underresourced communities in their field of interest. This award provides eligible students with a scholarship equivalent to 15% of the full-time tuition rate for any HMS Master’s Degree Programs (tuition only). HMS will award the Dean’s Scholarship for up to 35 students across the HMS Master’s program.
This scholarship is open to incoming and continuing domestic and international students.
Application deadline: May 1st.
For more information visit https://hms.harvard.edu/educationadmissions/masters-degree-programs/financial-aid/types-funding.