on Tuesday that it would award full need-based tuition and fee scholarships to its MBA students with the greatest financial need - representing approximately 10% of its student body.
The current tuition sticker price for Harvard’s tw0-year MBA is $76,000 per year, but about 50% of students receive a need-based scholarship from HBS, with scholarship awards averaging $42,000 in 2021-2022.
The new aid increases will benefit both current and future students and represent what HBS claims is the “largestIn addition to the scholarships, HBS has taken other steps to control students costs, including revising its financial aid formula , holding tuition flat since 2019, and introducing a need-based“We know that talent is much more evenly distributed than opportunity,” said HBS Dean Srikant Datar in the announcement.
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WSJ News Exclusive | Harvard Business School Making Tuition Free for More M.B.A.s Based on Financial NeedHarvard Business School is rolling out a new need-based scholarship program that will cover the cost of full tuition and fees for roughly 10% of its M.B.A. candidates
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