All of the subsidized loan programs are need-based and have to be by law. And that percentage is growing. We use the term scholarships because we don't have anything where the student attends Tuck for free. That, unfortunately, has all gone by the wayside. Nothing but loans, of course.
Fellowship still exists at the undergraduate and PhD levels.
But that's not the usual thing for MBA students. Merit is a component. But we give no scholarship that is purely merit without any need. Let's say I'm a student looking to enroll in Tuck. If you are both needy and meritorious then you stand a good chance of receiving aid.