It costs over $70,000 a year to go to Harvard—but here's how much students actually pay via CNBCMakeIt
College tuition prices have skyrocketed over the past several decades, a situation that's contributed to record-breaking levels of student debt. According to the Federal Reserve, Americans owed over $1.5 trillion in student loans in the fourth quarter of 2018.
During the 2018-2019 school year, the reported tuition at private non-profit four-year schools was an average $35,830. But in reality, many students end up paying far less after grants and scholarships are factored in. The average net price of tuition and fees in 2019 is $14,610. After estimating personal expenses like text books and travel costs , Harvard estimates total billed and unbilled costs of about $73,800-$78,200 per year to attend the prestigious school — up from $71,650-$76,650 the previous year.
The school states that families with students who receive scholarship funds pay an average of $12,000 towards their education per year and that students from families that earn between $65,000 and $150,000 typically contribute between 0% to 10% of their income towards the cost of attending Harvard each year.
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