HBS MBA Tuition: Payment Deadlines & Costs

Pursuing an MBA at Harvard Business School (HBS) is a dream for many, but understanding the costs and payment deadlines is important for planning.

This guide breaks down the HBS MBA tuition, additional fees, and payment schedules in simple terms.

Whether you’re applying or already admitted, this information will help you budget effectively.

How Much Does the HBS MBA Program Cost?

The total cost of the HBS MBA program includes tuition, fees, and living expenses.

For the 2024-2025 academic year, the tuition is $76,410 per year.

This covers the two-year program’s academic costs but does not include other expenses.

Students should also budget for health insurance, course materials, housing, and personal expenses.

The estimated total cost for one year is around $115,638, including tuition and living costs.

What Are the HBS MBA Payment Deadlines?

HBS divides tuition payments into two installments per academic year.

The first payment is due in August, before the fall semester begins.

The second payment is due in January, before the spring semester starts.

Late payments may result in penalties, so it’s important to plan ahead. HBS offers payment plans to help students manage costs over time.

Does HBS Offer Financial Aid or Scholarships?

Yes, HBS provides need-based financial aid to help students afford the program.

About 50% of HBS students receive some form of financial assistance.

Scholarships and fellowships do not need to be repaid, making them a great option.

Students can also apply for federal and private loans. The HBS financial aid office assists with applications and budgeting advice.

Are There Additional Fees Besides Tuition?

Beyond tuition, students must account for several other fees.

The health insurance fee is approximately  $4,080 per year unless waived with proof of existing coverage.

Course materials, including cases and textbooks, cost around $2,550 annually.

Living expenses in Boston, including housing, food, and transportation, can add $30,000 or more per year.

Can International Students Get Help with Tuition?

International students have the same financial aid opportunities as U.S. students.

HBS does not offer merit-based scholarships, but need-based aid is available regardless of nationality.

Many international students secure loans with a U.S. co-signer or through their home country’s programs.

Work-study jobs and internships can also help offset costs. The HBS career center assists students in finding paid opportunities.

Understanding HBS MBA tuition and payment deadlines will help you manage your finances.

With tuition over $76,000 per year and additional living expenses, planning is essential.

HBS offers financial aid, scholarships, and payment plans to ease the burden.

If you’re considering the program, reach out to the financial aid office for personalized advice.

Proper planning will help you focus on your studies without financial stress.