Harvard Business School Need-Based Fellowships Income Limit 2026
Maximum Annual Family Income
No Income Bar / Not specified
Income Verification Rules
Applicants must submit a valid annual income certificate issued by a competent revenue officer (such as a Tahsildar, Revenue Inspector, or Sub-Divisional Magistrate).
- The certificate must be in the name of the parent/legal guardian.
- Income certificates issued by private employers or self-declarations on plain paper are not accepted.
FAQs for Harvard Business School Need-Based Fellowships
Q.Are Harvard Business School Need-Based Fellowships available to international students?
Yes, Harvard Business School Need-Based Fellowships are fully available to international students, just like domestic applicants. The school is committed to making its MBA program accessible to talented individuals from all backgrounds globally.
Q.Are these fellowships merit-based or need-based?
These fellowships are strictly need-based. While admission to Harvard Business School is merit-based, financial aid is awarded solely on demonstrated financial need. There are no merit-based scholarships provided directly by HBS.
Q.How is financial need determined for the fellowships?
Financial need is determined by the HBS financial aid team using a standardized formula. This formula takes into account your gross income from the three years prior to application, your assets, your socioeconomic background, and any undergraduate debt you may have. Students with higher earnings are expected to contribute a higher proportion towards their education.
Q.Can the fellowship cover the entire cost of the MBA program?
While some students with the greatest financial need (approximately 10%) can receive full tuition scholarships (covering $84,760 USD for 2026-2027), the fellowships generally do not cover the entire cost of attendance, which also includes living expenses, health insurance, and other fees. HBS typically expects a contribution from the student, and many students combine fellowships with personal savings, loans, or outside funding to cover the total cost.