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JD/MBA

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 AttendanceSchool in AttendanceSchool Processing Aid
Year 1Law SchoolLaw School
Year 2Business SchoolBusiness School
Year 3Law School & Business SchoolBusiness School
Year 4Law School & Business SchoolLaw School
Scenario 2:
Year in AttendanceSchool in AttendanceSchool Processing Aid
Year 1Business SchoolBusiness School
Year 2Law SchoolLaw School
Year 3Law School & Business SchoolBusiness School
Year 4Law School & Business SchoolLaw 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 2014-2015 academic year budget is below:

 How to CalculateAmount for 2014-15
Tuition:65% of HLS tuition$35,652
 40% of HBS tuition**$22,920
Fees:Full UHS$992
 Harvard Student Heath Insurance Plan*$2,366
 Full Mandatory Loan Fees$220
 Program Fee$750
Other:65% of HLS Books/Supplies$812
 40% of HBS Program Support Fee$2,866
 Full HLS Room/Board/Personal$20722
 Full HLS Travel$1,500
JD/MBA AllowanceHBS Room/Utilities + HBS Board/Personal – HLS travel – HLS R/B/P$3,055
   
Total $91,855

 

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**$58,572
Books/Supplies/Program Support Fee$3,678
Room/Board/Personal$20,722
Insurance, Loan and Other Fees***$4,328
Travel$1,500
Total budget for GRANT eligibility calculation$88,800

 

*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.

 

Last modified: October 24, 2014

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