The HBS Nonprofit/Public Sector Loan Repayment Assistance Program was established in 1992 to reduce the educational debt repayment burden for alumni serving in managerial positions in the nonprofit and public sectors. Starting with the October 2017 application cycle, the program expanded with a pilot program to support alumni in select for-profit social enterprise positions. Eligibility, criteria, and application details are available through the Social Enterprise Initiative website.
Award eligibility is determined based on an applicant's earnings and need-based debt, as well as qualifications and job fit. Eligibility and selection are determined by a Selection Committee and awards are distributed on a funds available basis. The Program is jointly administered by the MBA Financial Aid Office and the Social Enterprise Initiative. All determinations made by the School and the Selection Committee are final. The School and the Selection Committee reserve the right to restructure or discontinue the Program as necessary.
Applications are reviewed by the Selection Committee on an annual basis. The next application deadline is October 1, 2023, at 9:00 am EST for the 2024 award.
The only application deadline is October 1, at 9:00 am. Applicants who have questions or concerns regarding the materials needed to meet the deadline should submit the following at least two weeks in advance of the October 1 deadline: a statement of where you are in the process that clearly indicates your questions and concerns, and as much of your application as you have completed. LRAP will review these materials on a case-by-case basis to advise on the feasibility of participation within the program constraints. If, after receiving your application, the Selection Committee needs further information, you may be contacted with follow-up questions.
Late applications will be accepted for review by the committee on a case-by-case basis up until the committee meets in early November, and an award is not guaranteed. In submitting your application, please note the reason for the late application.