Free APPLICATION from Havard, but it is for needs base student

[ss20ts]

You can't use financial aid to pay the application fee, so getting rid of it encourages more low-income prospects to apply. Considering the low acceptance rate, even those who can afford the fee probably wouldn't pay it. Once they get in, they can take out loans or receive other forms of financial aid. Half of HBS students receive a fellowship.

Grad students federal loans are capped at $20,500 per academic year. Even a fellowship covering half of the $73,000+ tuition isn't going to be covered by a federal student loan. Maybe one could get private loans to cover that difference. This an awful lot of debt for someone who is low income.