HBS will offer one-time need-based awards of $10,000-$20,000 each to this year's graduating MBA students who are committed to pursuing their own for-profit entrepreneurial ventures. Recipients will be selected by the Rock Center in consultation with MBA Financial Aid.
The program is competitive. Awards will be made on the basis of the viability of the venture, as determined by a review of your business plan and a progress report detailing progress towards funding and any other key milestones and your financial need.
When considering application for loan reduction, please keep in mind it is not intended for individuals who are still seeking employment; in volunteer positions or receiving only a nominal salary; or engaged in post-MBA studies of any kind. Ultimate discretion for eligibility lies entirely with HBS. Funds are distributed on an as-available basis. All determinations made by the School are final. HBS reserves the right to restructure or discontinue loan reductions at any time.
2014 Applications will be due - in hardcopy form - to Peggy Yu in Rock 107 in late-April 2014 (exact date TBD). Late applications will not be accepted. Visit myHBS for complete eligibility information and a list of application materials (login required).
If you do not meet the requirements for the Rock Center Loan Reduction for Entrepreneurs, please note there are additional loan reduction programs available through the HBS Nonprofit/Public Sector Loan Repayment Assistance Program and the HBS Loan Reduction for Private Sector Employees (login required).