by our College Data Analytics TeamMost students will not be asked to pay the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at Harvey Mudd College can feel tremendous, but do not forget that almost all students receive some sort of financial help.
Just what financial aid solutions can Harvey Mudd College provide, and just what are you going to be eligible for? Keep reading for answers. Keep scrolling to find out how much school funding will be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Use the information below to understand how much financial assistance you may get from Harvey Mudd College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Looking at the entering class at Harvey Mudd College, 73% of new full-time first-years were awarded at least some aid around 163 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 64% | $46,199 |
| Institutional grants & scholarships | 63% | $42,786 |
| Federal Pell grants | 17% | $5,000 |
| State/local grants | 15% | $9,216 |
| Federal student loans | 33% | $4,944 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Across the undergraduate body at Harvey Mudd College, approximately 63% of undergraduates were awarded an average grant or scholarship of $44,232 (among about 599 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 63% | $44,232 |
| Federal Pell grants | 15% | $5,603 |
| Federal student loans | 33% | $6,221 |
For students living on campus and receiving title-IV aid, grants averaged $54,241.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $12,663 |
| $30,001 – $75,000 | $13,120 |
| Over $75,000 | $44,552 |
Remember these are net prices — what families pay after gift aid, not before.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $35,924 |
| Off-campus title-IV students | $32,492 |
To get a personalized net price estimate, try Harvey Mudd College’s net price tool: npc.collegeboard.org/student/app/hmc.
The median student at Harvey Mudd College graduates with $19,500 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,500 |
| Median federal debt (graduates only) | $25,000 |
| Typical 10-year monthly payment (graduates) | $265.04/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
A single median figure conceals how much debt outcomes differ student to student. The figures below chart the debt distribution at Harvey Mudd College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $13,500 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $28,630 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $19,000 |
| Middle income | $26,500 |
| High income | $19,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $24,445 |
| Continuing-generation students | $19,250 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Harvey Mudd College.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The aggregate figures below show how active the program is at Harvey Mudd College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 1080 |
| Total Stafford loan amount | $14,576,503 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 3 |
| Total GI Bill amount | $81,225 |
| Average GI Bill amount per recipient | $27,075 |
References
More about our data sources and methodologies.