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Harvard Medical School 2015-2016 M.D. Student Cost of Attendance Budgets
EXPENSES Year 1
Class of ’19
12 Months
(Aug-July)
Year 2
Class of ’18
11 Months
(Aug-June)
Year 3
Class of ’17
12 Months
(July -June)
Year 4 – Grad
Class of ’16
11 Months
(July-May)
Year 4 – Not Grad
Class of ‘17
12 months
(July – June)
Year 5
Class of ‘16
11 Months
(July-May)
TUITION 55,850 55,850 55,850 55,850 55,850 8,400
MATRICULATION FEE 100
UNIV HEALTH SERVICE FEE
BC/BS INSURANCE FEE*
DISABILITY INS. FEE
1,042
2,390
68
1,042
2,390
68
1,042
2,390
68
1,042
2,390
68
1,042
2,390
68
1,042
2,390
68
ED MATERIALS FEE 425 425
BOOKS & SUPPLIES **2,917 **1,886 1,213 1,178 1,178 1,178
LIVING EXPENSES***
Suggesting Breakdown: Housing
Food
Misc. Expenses (clothing, recreation,
laundry, utilities, other)
Local & Clinical Transportation
Long Distance Travel
***24,115
11,725
5,760
5,100
900
630
***24,450
12,815
5,280
4,675
1050
630
***27,270
13,980
5,760
5,100
1,800
630
***25,680
12,815
5,280
4,675
1,650
1,260
***26,370
13,980
5,760
5,100
900
630
**25,680
12,815
5,280
4,675
1,650
1,260
LOAN FEES 268 239 217 202 202 92
NATIONAL BOARD FEE 1,250 590 590
TOTALS (with BC/BS Insurance Fee) **87,175 **86,350 89,300 87,000 87,100 39,440
TOTALS (without BC/BS Insurance Fee) **84,785 **83,960 86,910 84,610 84,710 37,050
*Students who choose to waive the Harvard BC/BS Insurance Fee will have this budget item removed from their cost
of attendance budget. **New Pathway students purchase their black bag and diagnostic equipment during their first year; HST students purchase equipment during their second year, therefore, the first year budget for HST students will be $750 less than the figure listed above, and the second year budget will be $750 more. ***A suggested breakdown of various living expenses is indicated. This itemization is only a guideline, and students should plan a budget and economize to ensure that their actual expenses do not exceed the total allowable living expense budget. The housing allowance for first year students (Class of ’19) is based on the average cost of a Vanderbilt Hall residence contract. Students with spouses, partners, or dependents, or students choosing not to live in dormitory housing, may request an off-campus housing allowance from the HMS Financial Aid Office. For returning students the housing allowance assumes that students are sharing rental units in the community. Step2b Clinical Exam fee is included in the third year student budget. The travel expenses associated with the exam are included in the final year budget (fourth year grad or fifth year). OPTION: The federal government will permit students to borrow an unsubsidized Direct loan to purchase a computer, printer & software for school. Students interested in this option should speak with a financial aid staff member prior to the purchase. Students are limited to one such purchase during their tenure at HMS. The one-time purchase maximum is $2,500.
of attendance budget. **New Pathway students purchase their black bag and diagnostic equipment during their first year; HST students purchase equipment during their second year, therefore, the first year budget for HST students will be $750 less than the figure listed above, and the second year budget will be $750 more. ***A suggested breakdown of various living expenses is indicated. This itemization is only a guideline, and students should plan a budget and economize to ensure that their actual expenses do not exceed the total allowable living expense budget. The housing allowance for first year students (Class of ’19) is based on the average cost of a Vanderbilt Hall residence contract. Students with spouses, partners, or dependents, or students choosing not to live in dormitory housing, may request an off-campus housing allowance from the HMS Financial Aid Office. For returning students the housing allowance assumes that students are sharing rental units in the community. Step2b Clinical Exam fee is included in the third year student budget. The travel expenses associated with the exam are included in the final year budget (fourth year grad or fifth year). OPTION: The federal government will permit students to borrow an unsubsidized Direct loan to purchase a computer, printer & software for school. Students interested in this option should speak with a financial aid staff member prior to the purchase. Students are limited to one such purchase during their tenure at HMS. The one-time purchase maximum is $2,500.