Harvard posted an update on its blog about financial aid offered by the school to its students. Last year the school offered 26 million dollars of need-based financial aid, and plans to increase the amount this year thanks to alumni donations.
Harvard emphasizes that they do not consider financial need in the acceptance process though the application includes a question about income. The financial aid is granted to students based on need, and also considers the student’s family status. A candidate can ask for financial aid only after being accepted to the program. The school does not grant full scholarships.
In addition, the school has a loan program for international students with no required American co-signer.