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WSJ News Exclusive | Harvard Business School Making Tuition Free for More M.B.A.s Based on Financial Need

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Harvard 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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School officials say the scholarships for the lowest-income students admitted to HBS are worth nearly $76,000 a year. Students will still be responsible for roughly $35,000 a year in living costs in the Boston area. This fall, about 200 HBS students in their first and second years of the M.B.A. program will receive full scholarships.

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