A new fellowship at Harvard Business School aims to support MBA students from lower-income backgrounds.
The Forward Fellowship will be worth $10,000-$20,000 in each application year, and will be awarded on top of the regular needs-based aid offered by the school.
The award, to be offered for the first time to the Harvard Business School MBA Class of 2020, is designed to support students who experience significant financial pressure as a result of family circumstances.
Most needs-based financial aid is based on a student's individual circumstances, but the Forward Fellowship will take into account the applicant's family's financial situation and also financial history. The Harvard Business School says this is in order to assess who will benefit most from the support.
For more information and to apply, see the Forward Fellowship website.
Image: Harvard Business School, Allston, Boston, Massachusetts, USA by Daderot CC BY 2.0 (cropped)