Financial Aid and Financing
The financial aid and financing options available to Harvard Business School Online participants vary by program. Options available for CORe program participants also vary depending on whether participants have elected to enroll in the undergraduate credit version of the program through Harvard Extension School.
Scholarships
Individuals currently enrolled in a US undergraduate or graduate degree program may qualify for institutional need-based scholarships for the following HBS Online programs:
- CORe program participants taking the three courses in tandem who have not elected to enroll in the undergraduate credit option
- Business Analytics certificate program
- Economics for Managers certificate program
- Financial Accounting certificate program
The HBS Online application features an "Institutional Need-Based Scholarship" section that will assist in determining your eligibility.
Active servicemembers and veterans of the US military are also eligible for a scholarship for these HBS Online programs. The tables below outline scholarships available.
CORe Program
This refers to non-credit participants taking the three CORe courses in tandem.
| Scholarship Type | Program Fee | Scholarship Amount | Net Out of Pocket Cost |
|---|---|---|---|
| Current Pell Grant Recipients | $2,250 | $1,800 | $450 |
| US Military Personnel (Active & Veteran) | $2,250 | $1,350 | $900 |
| Current Graduate Students at US-based Institutions | $2,250 | $675 | $1,575 |
Business Analytics, Financial Accounting, and Economics for Managers Certificate Programs
| Scholarship Type | Program Fee | Scholarship Amount | Net Out of Pocket Cost |
|---|---|---|---|
| Current Pell Grant Recipients | $1,600 | $1,250 | $350 |
| US Military Personnel (Active & Veteran) | $1,600 | $950 | $650 |
| Current Graduate Students at US-based Institutions | $1,600 | $500 | $1,100 |
Students from Collaborating Colleges & Universities may be eligible for additional need-based scholarships.
Federal Financial Aid
Undergraduate credit option participants who are US citizens and undergraduate degree candidates at accredited degree-granting US institutions are eligible to use federal financial aid for CORe. To do so:
- Confirm with your home institution that it will accept eight undergraduate degree credits for CORe and will offer you aid.
- Once admitted to CORe, pay the credit cost of CORe ($3,680 / $3,760 starting September 2020).
- Send your institution’s signed consortium agreement to Harvard Extension School, Student Financial Services (SFS), 51 Brattle Street, Cambridge, MA 02318. SFS will confirm your admission and credit registration in CORe and return the form to your home institution. Once received, your institution will release the funds directly to you.
Harvard Extension School undergraduate degree candidates may use their existing financial aid award toward the cost of CORe. These eight credits will be counted toward your enrollment status, and should be reflected in the number of credits reported in your enrollment plan. You may update your enrollment plan, if needed, in online services.
Loans
Below is a list of lenders who have indicated that they are willing to provide loans to HBS Online program participants. The contact information is provided as a service and not as an endorsement of the lender, or indication of any affiliation with these providers. You may choose one of these, or any other lender of your choice. Each lender will have its own eligibility criteria, lending requirements and minimum loan amounts.
| Lender | Website |
|---|---|
| MPower Financing | www.mpowerfinancing.com/borrow |
| Wells Fargo (existing customers only) | www.wellsfargo.com/student |
| Sallie Mae | www.salliemae.com/00215592 |
| Citizens Bank | www.citizensstudentloans.com |
If you wish to pay for your program with a loan, the loan must be approved, certified, and disbursed prior to starting the program. Please note that it takes 10 business days for a loan to disburse once it has been certified, so apply early if you intend to use this option to enroll in your course.
Additional Notes:
- Sallie Mae and Wells Fargo require that HBS Online participants apply for undergraduate loans. Graduate school loans will not disburse.
- Many lenders use the ELM system for loan certification. Only loans that are sent via this system to Harvard Business School Online (school code 002155-92), will reach us. We will not be able to see, or certify, loans sent to other school codes, including those sent to the HBS MBA program.
