Program Description and Financial Aid Application Process

There are several students who are accepted into the four year JD/MBA program each year. This program is a cost-saving program for students in that it reduces what would be a five-year degree program to four years. If you are enrolled in the JD/MBA program, your first two years are spent in full-time study at each of the two schools. During your third and fourth years, you will be enrolled in both the Law School and the Business School.

The Law School Student Financial Services Office will process your aid for the year you are full-time at the Law School and in the fourth year of the joint program. The Business School will process your aid application for the year you are full-time at the Business School and in the third year of the program. The chart below demonstrates the two possible scenarios for all four years in the JD/MBA program.

Scenario 1

Year in Attendance School in Attendance School Processing Aid
Year 1 Law School Law School
Year 2 Business School Business School
Year 3 Law School & Business School Business School
Year 4 Law School & Business School Law School

Scenario 2

Year in Attendance School in Attendance School Processing Aid
Year 1 Business School Business School
Year 2 Law School Law School
Year 3 Law School & Business School Business School
Year 4 Law School & Business School Law School

While you are in your third and fourth years of this program, your budget will be adjusted to reflect the costs associated with your degree. In both your third and fourth years, you will be charged 65% HLS tuition and 40% HBS tuition.* The Law School will also give you a JD/MBA budget increase in your fourth year for extra expenses related to your joint degree program, however, this budget increase is not eligible for grant assistance. A sample budget for students completing the final year of this program, using the 2015-2016 academic year budget is below:

How to Calculate Amount for 2015-16
Tuition: 65% of HLS tuition $37,180
40% of HBS tuition** $22,920
Fees: Full UHS $1,042
Harvard Student Heath Insurance Plan* $2,390
Full Mandatory Loan Fees $220
Program Fee $750
Other: 65% of HLS Books/Supplies $829
40% of HBS Program Support Fee $2,866
Full HLS Room/Board/Personal $21,373
Full HLS Travel $1,500
JD/MBA Allowance HBS Room/Utilities + HBS Board/Personal – HLS travel – HLS R/B/P $2,755
Total $93,825

Since the JD/MBA budget increase is not eligible for grant assistance, we would use the following budget to determine a student’s eligibility for grant assistance.

Tuition** $60,100
Books/Supplies/Program Support Fee $3,695
Room/Board/Personal $21,373
Insurance, Loan and Other Fees*** $4,402
Travel $1,500
Total budget for GRANT eligibility calculation $91,070

*Please note that under Federal student aid regulations, an allowance for the Harvard Student Health Insurance Plan may be included in the student’s budget only for students who enroll in the plan. For students who waive this coverage, the allowance will not be given, and the total student budget will be reduced by the amount of the plan fee. Students may request upon appeal to have the documented cost of an alternate health insurance plan for which the student pays added to the student’s budget.

**Tuition percentages are correlated to the number of courses required for each degree.

*** Students who attended the Business School first (scenario 2) pay less HBS tuition and Program Support Fee than students who attend the Law School first (scenario 1) since HBS tuition and program support fees do not increase for returning students).

Summer Work Requirement

You will be held to the same summer work requirement as other Law School Students. See the Student Contribution from Income section for details on the summer work requirement.

Cash Advances and Refunds

If you are eligible for a cash advance or a refund, you will receive it after you have registered (and have completed your entrance interview – 1L’s only). All cash advance and refund checks are mailed to the official address on file with the Registrar’s Office unless you have direct deposit set up with the Student Receivables Office.

Other Requirements

Before graduating, you will be required to attend an Exit Interview at either the Law School or the Business School in your fourth and final year in order to be cleared for graduation.