According to the Harvard Crimson, Harvard Business School has raised $598.8 million in its first-ever, three-year capital campaign. The money is to be used to fund teaching and research programs as well as financial aid for students.
In fact $114 million is earmarked for financial aid. 80% of HBS students receive financial aid, many in the form of two-year fellowships. As a result of this capital campaign, the value of the fellowships will increase from $16,500 to $32,000.