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
US citizens currently enrolled in an 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 | $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 | $1,500 $1,600 (starting Aug. 2019) |
$1,200 $1,250 (starting Aug. 2019) |
$300 $350 (starting Aug. 2019) |
| US Military Personnel (Active & Veteran) | $1,500 $1,600 (starting Aug. 2019) |
$900 $950 (starting Aug. 2019) |
$600 $650 (starting Aug. 2019) |
| Current Graduate Students | $1,500 $1,600 (starting Aug. 2019) |
$450 $500 (starting Aug. 2019) |
$1,050 $1,100 (starting Aug. 2019) |
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 ($3,600).
- 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
Financing options are available only for participants in the CORe program (taking the three CORe courses in tandem) who have not elected to enroll in the undergraduate credit version of the program through Harvard Extension School. Financing options are not available for participants in any other HBS Online program, including the Business Analytics, Economics for Managers, or Financial Accounting individual course certificate programs.
Below is a list of lenders who have indicated that they are willing to provide loans to CORe program participants. The contact information is provided as a service and not as an endorsement of the lender. You may choose one of these, or any other lender of your choice. Each lender will have its own eligibility criteria and lending requirements.
| Lender | Website |
|---|---|
| MPower Financing | www.mpowerfinancing.com/borrow |
| Wells Fargo | www.wellsfargo.com/student |
| Sallie Mae | www.salliemae.com/00215592 |
If you wish to pay for CORe with a loan, you must be approved prior to starting the program. The following are due dates for applying for the loan through your lender of choice. Please note that loan applications received after these dates will not be approved by HBS Online due to the amount of time required for certification and disbursement.
| Cohort Start | Apply-by date with Lender* |
|---|---|
| May 14, 2019 | April 23, 2019 |
| June 25, 2019 | June 4, 2019 |
| July 23, 2019 | July 2, 2019 |
| September 4, 2019 | August 14, 2019 |
| October 8, 2019 | September 17, 2019 |
*You must complete the application for the loan via the lender’s website by these dates.
