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Babson College - Financial Aid



Financial Aid Forms | Scholarships & Grants | Loans

Financial Aid

Most colleges set their own financial aid deadlines and due dates. In addition, colleges have different forms and criteria to qualify for financial aid. The following information should help you get a general idea of the procedures and forms used by this college. For more specific facts and figures, consult financial aid bulletins from the college.

Financial Aid Form Deadlines

    FormPriority Filing DateApplication Closing Date
    FAFSA February 15  
    CSS PROFILE   February 15
    FFS   February 15
    Income Tax   June 15
Notification of Awards is April 1.


Student Population Of all full-time matriculated undergraduates who enrolled, 742 applied for aid, 701 were judged to have need, 660 had their need fully met. 271 Federal Work-Study jobs (averaging $1443) , 90 non-need-based awards were made Average percent of need met: 99%


Scholarships & Grants

A List of Available Scholarships & Grants
  • Pell Grants(BEOG)
  • SEOG
  • State Scholarships
  • State Grants
  • College/University Scholarships
  • College/University Grants
  • Academic Merit Scholarships


Who Receives Scholarships/Grants?
  • 74% of undergraduate students applied for aid and received scholarships or grants.
  • 38% of undergraduate class received scholarships or grants.
  • 42% of the enrolled freshmen received scholarships or grants.


Average Amount and Number of Scholarships and Grants
  • Average amount of each freshmen scholarships and grants: $14247
  • Individual scholarships range from $1000 to $20800
  • $7777000 in scholarships are awarded each year.


Loans

Loans Available to Undergraduate Students

  • Perkins
  • PLUS
  • Stafford
  • Federal Nursing Student Loans(NSL)
  • Health Professions Loans
  • State Loans
  • College University Loans
  • Private Loans
  • Federal Direct Student Loans (FDSL)
  • Unsubsidized Stafford Loans

Payment Plans Offered to Undergraduate Students

  • Tuition Plan Inc.
  • Education Plan Inc.
  • Knight Tuition Plans
  • Academic Management Services(AMS)
  • EFI Fund Management
  • Tuition Management Systems
  • Deferred Payment Plan
  • Family Tuition Reduction(tuition reduction for simultaneously enrolled family members)
  • Guaranteed Tuition(tuition does not change during student's consecutive enrollment)
  • School's own payment plan(s)
  • Other: Educational Resources Institute Tuition Payment Plan.


Who Receives Loans & How Much?
  • 95% of undergraduate students who applied for aid received loans.
  • 47% of all undergraduate students received loans.
  • 51% of all enrolled freshmen received loans.
  • The average amount of each freshman loan is $2887
  • The amounts of individual loans per year range from $2625 to $6500.
  • Total amount of all loans granted per year: $3472000.