Refunds
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
2026-27 Financial Aid Application
2026-27 Cost of Attendance Budgets
The HMS Financial Aid Application for the 2026-27 academic year is now available.
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: May 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.
Tax Resources
1098-T tax forms are available through University Student Financial Services.
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
Preparing for Graduation
Please join Johnathan Chancellor, Senior Education Debt Management Specialist from the Association of American Medical Colleges (AAMC) for a session on how to manage your student loans after graduation.
Note: This session is mandatory for graduating MD students who have HMS educational loan debt.
Gearing Up for Graduation: Watch this short video on key financial aid resources to help you prepare for graduation.
As you prepare to graduate and transition into residency, it’s important to feel confident about your student loans and next steps. The resources below are designed to help you understand your repayment options, plan ahead, and make informed financial decisions for this next stage of your training.
Date: April 14, 2026
Time: 12:00pm ET
Zoom link: https://aamcorg.zoom.us/j/94243186480?pwd=9A7f kQAXPJouM6iaJD4U4GatmdJ4vA.1
Topics Include:
• Know your loans
• What to do after graduation
• Repayment plans
• Repayment in residency
2026-27 FAFSA
The 2026-27 Free Application for Federal Student Aid (FAFSA) is now available for the 2026-27 academic year.
Federal Loan Updates
Key Changes to Federal Student Loans
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.
Financial Aid Fact
Student Aid Index (SAI) number is calculated using the information provided on your FAFSA form. It is a formula driven index number ranging from -1500 to 999999.
The SAI formula calculates your total financial resources from your tax return as well as the net worth of your assets.
It deducts the minimum amount needed for your normal annual living expenses. The remaining amount may be allocated for college expenses.
The SAI is not the dollar amount of aid you will receive or what you or your family is expected to provide.
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Loan Forgiveness
Loan forgiveness programs provide debt relief for students who are planning to go into specific fields and/or public service. Below is a list of loan forgiveness options.
HMS Loan Forgiveness Programs
• HMS Public Service Loan Forgiveness – For graduating students who have a demonstrated career path in public service.
• HMS Primary Care Loan Forgiveness Program – For graduating students who match and have demonstrated academic excellence and commitment to the field of primary care
Applications are due April 3,2026 for May 2026 graduates.
Federal and State Loan Forgiveness Programs
• Public Service Loan Forgiveness (PSLF)
• National Health Service Corps
• National Institutes of Health
• The Specialty Education Loan Repayment Program
• AAMC – Offers a list of various federal and state options.
Visit https://hms.harvard.edu/education-admissions/md-program/costaid/financial-literacy-wellness for more details on these programs.