Does HBSs internal board use any particular formula to divide up the financial aid pie?
Yes, there is a formula. In broad terms what we try to do is to evaluate the difference between what a student needs and what a student actually has. I guess that’s the basic premise behind a need-based financial aid system. We know the costs of attending business school are different for everybody, but we do try to look in the aggregate at what we think it will cost a particular student to attend. To do so, we obviously look at the assets that they have, and we also look at the income that they’ve been earning. We assume, typically, that a student will save roughly 10% of their income for the three years prior to attending.
Related Questions
- I know tha answer is 17.7, but do you just guess at what the radius might be and plug it into the pie r2 formula to see what works? I have another the same way on volume of a sphere.
- I know tha answer is 17.7, but do you just guess at what the radius might be and plug it into the pie r2 formula to see what works?
- Does HBSs internal board use any particular formula to divide up the financial aid pie?
