MERIT-BASED ADMITTANCE, NEED-BASED ASSISTS
TUITION ASSISTANCE, Each student accepted to HBS is unique and has the talent to lead and make a difference in this globe. Admission is determined by merit. However the financial aid offered is in accordance with the need.
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Shared Investment in Your Future
Business school is a good investment that will pay dividends in the near future. HBS supports this investment through need-based scholarship programs that are available to foreign and domestic students. HBS Scholarships do not have to be repaid. HBS offers need-based scholarships to around 50% of students. The average amount for scholarships is $46,000 annually which is $92,000 total.
HBS announces that, in August 2022, it will offer full scholarships to those with the highest financial need and also new scholarships will be made available to students with middle-income backgrounds.
What is the method by which the need derived?
The group that offers financial assistance decides on the need by looking at the following aspects.
- Gross revenue for the three previous years
- Socioeconomic Background
- Undergraduate debt
Students receive all scholarships that are based on the same calculation. Higher-earning students contribute more to the program than those who earn less. If you have children or are married, we’ll also take into consideration a percentage of your spouse’s assets as well as income.
Each financial aid is different and could include a combination of need-based scholarships and student loan. HBS Complementary Fellows offer additional financial aid to a select group of HBS Students. HBS students can make use of their savings or external financing to cover the remainder of the expenses associated with your MBA in the context of an investment shared by the two.
Financial aid does not count the sponsorship of an employer or loans to be loans or sponsorships as scholarships. HBS Scholarships are not available to those who are sponsored or receive loans from their employers.
Financial Aid suggests that you consider other funding options including external loans, scholarships and Complementary Fellows to complement you needs-based HBS scholarship and to cover the costs of your attendance.
HBS SCHOLARSHIP FINANCING
- Need-Based Scholarship
- Complementary Fellowships if you are you are eligible
- Save money by using our Savings
- Student Loans
- Employer/Outside funding, if applicable
HBS Scholarships are funded by alumni. Alumni are paired with recipients of scholarships who have similar experiences and goals in order to create significant connections between former HBS classes. Listen to the stories about HBS Scholarships to find out more.