Upcoming HBS Decision Notifications Will Not Include Financial Aid Details
As anxious Round 1 applicants to Harvard Business School (HBS) are no doubt only too aware, the school is scheduled to release admissions decisions next week. In a recent post to his Direct from the Director blog, Managing Director of MBA Admissions and Financial Aid Chad Losee reminded applicants that they can learn their fate by logging into the Application Status page at noon ET on Tuesday, December 12th. “In the meantime, try not to think about it! (I know, easier said than done),” he wrote.
Losee also reminded applicants that they will not hear about financial aid as part of Tuesday’s decision release. “Admission to HBS is based on merit, but financial aid is based on need,” he wrote. “So there is a separate (easy) process after you are admitted to apply for aid.”
He added that approximately half of all HBS students receive financial fellowships that do not have to be paid back as part of their financial aid awards. “And the average two-year fellowship is over $70K,” he wrote. “So there is a lot of support!”
HBS recently launched a revamped Financial Aid website, which includes details about the full array of assistance available to students. In addition to need-based tuition assistance—including both HBS Fellowships and federal and private student loans—there is also a Summer Fellows Fund designed to afford students the freedom to work on their own ventures or pursue internships that provide below-average compensation, such as at social impact organizations or early-stage startups. HBS also features a range of career support programs for eligible students that provide financial assistance to graduates who choose careers in which starting salaries are lower than those of typical MBAs.