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Harvard Business School Need-Based Fellowships

Comprehensive guide for Harvard Business School Need-Based Fellowships. Get eligibility details, stipend amounts, and registration instructions here.

Annual Grant Value~₹41.5 Lakhs INR / yr
Coverage TypeHarvard Business School (HBS) Need-Based Fellowships are gifts that do not need to be repaid. Awards for the 2026-2027 academic year range from approximately $2,000 USD (~166,000 INR) to $87,000 USD (~7,221,000 INR) per year. Approximately 50% of MBA students receive need-based financial aid, with the average award being around $46,000-$50,000 USD per year (~3,818,000 INR - 4,150,000 INR). For students with the greatest financial need (roughly 10% of the class), full tuition scholarships are available, covering the 2026-2027 tuition fees of $84,760 USD (~7,035,080 INR). These fellowships contribute to the cost of attendance, which for a single student in 2026-2027 is estimated at $130,318 USD (~10,816,394 INR) annually, including tuition, health fees, health insurance, housing, food, transportation, and other living expenses. Scholarship recipients are typically still responsible for their living expenses not covered by the award. Some students may also receive additional funding through HBS Complementary Fellowships, such as the Forward Fellowship, which provides $15,000 USD ($30,000 over two years) for students from lower-income backgrounds with significant financial burdens or family obligations.
Target NationalityIndian Students

Eligibility Criteria & Selection Process

Key Eligibility Highlights

Comprehensive guide for Harvard Business School Need-Based Fellowships. Get eligibility details, stipend amounts, and registration instructions here.

Selection Criteria:

Admission to Harvard Business School is merit-based, but financial aid is awarded based solely on demonstrated financial need. The selection process for the need-based fellowships involves a comprehensive review of the applicant's financial situation through the HBS financial aid application. The financial aid team utilizes a standardized formula that considers the applicant's gross income from the prior three years, existing assets, socioeconomic background, and any undergraduate debt. Students with higher pre-MBA earnings are generally expected to contribute at a higher rate towards their education. The goal is to make the MBA program accessible to talented future leaders regardless of their financial background.

Renewal Rules:

Students are eligible to apply for need-based HBS Scholarships and student loans in both years of the MBA program. This implies an annual assessment of financial need for continued support.

Documents You Need

MBA Financial Aid Application
Certification of Finances Form (for non-US Citizens and Permanent Residents)
Income verification documentation from the prior three years (e.g., federal tax returns, W2s, etc.)
Online Free Application for Federal Student Aid (FAFSA) (for US Citizens and Permanent Residents)
Additional supporting documentation if requested by MBA Financial Aid
Complementary fellowship application that provides parent and family information (if applying for fellowships like the Forward Fellowship)

Applicable Universities for Harvard Business School Need-Based Fellowships

6 Listed
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Scholarship FAQs

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