Harvard Business School will create free places for low-income students. Every year, 200 students who don’t have money for education, which costs $76,000 a year, will be able to study at the school for free.
The dean of the school, Srikant Datar, spoke about the creation of free places at the Harvard Business School (HBS).
Low-income candidates will be able to apply for free places. They will be evaluated according to criteria: income from the last three years, family situation, unpaid study obligations, possession of assets. Free students will have to pay for insurance and accommodation. These expenses are estimated at $35,000 per year.
HBS is one of the world’s most prestigious institutions for business training. Tuition for some programs at the school, which lasts two years, costs $76,000 a year.
The debt of US citizens for studying in universities is estimated at 1.6 trillion dollars. The US authorities speak of this as a serious problem, while introducing incentives for the payment of debts. Universities, notably HBS, spend $45 million a year on student scholarships to support poor students.
Author:
Kirill Bilyk
Source: RB
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