Financial Aid

HBS offers generous need-based fellowships for admitted MBA students.  Approximately 65% of HBS MBA students receive some form of financial assistance to finance their education. As part of the Yellow Ribbon Program, HBS contributes up to $20,000 for each eligible service member, matched dollar-for-dollar by the US Department of Veterans Affairs.  If you believe you are eligible for the Yellow Ribbon program and / or the GI Bill, make sure you apply for your benefits early.

Harvard Business School waives the $250 MBA program application fee for all active duty military applicants.

For more information, visit the HBS Financial Aid website, the HBS External Funding for Veterans website, and the GI Bill homepage.

Annual Cost Estimates for the 2023-2024 MBA Program are as follows (for a single student):

Tuition: $73,440
Student Health Fee: $1,304
Health Insurance Plan: $4,080
Program Support Fee: $2,550
Room and Utilities (Appx): $14,850
Board (Appx): $16,540

Total: $112,764

GI Bill and Yellow Ribbon Benefits (assuming 100% eligibility):

Tuition / Fees Benefit: $25,162
VA Yellow Ribbon: $20,000
HBS Yellow Ribbon: $20,000
Housing Allowance (Appx): $24,192
Book Stipend: $1,000

Total: $90,354