Babson College

Babson College Financial Aid

Students who are applying for financial aid at Babson need to submit both the Free Application for Federal Student Aid (or FAFSA), as well as the CSS Profile.

The FAFSA uses financial information from the prior, prior year which means that you don’t need to wait for the year to end and can use last year’s financial information.

The FAFSA code for Babson is 002121 and the CSS Profile Code is 3075.

It should be noted that while the FAFSA is free, the CSS Profile does require an application fee. However, students can qualify for a CSS Profile application fee waiver if the cost will present a financial hardship for the students’ family.

If you are looking for more information on how to complete the FAFSA or the CSS Profile, check out these resources:

• How to Complete the FAFSA
• How to Complete the CSS Profile

Using State Grants at Babson

Massachusetts residents who are considering Babson should be sure to look into state grants to help fund your education. Massachusetts has a wide variety of programs, including the need-based tuition waiver program, the MASSGrant, the Massachusetts Gilbert Matching Student Grant Program, and MCAS Scholarships. The John and Abigail Adams Scholarship, which is for students who performed well on the MCAS, offers a tuition waiver for up to eight semesters of public school.

Babson College’s 100% Need-Met Guarantee

Babson has committed to meeting 100% of applicants’ financial needs. They determine your financial need using the FAFSA and/or CSS Profile, and will ensure that your financial aid package covers any costs you cannot pay.

Pell Grants at Babson College

18% of students at Babson College receive Pell Grants, which are awarded to undergraduate students with demonstrated financial need (students who have a bachelor’s or professional degree are not eligible). Pell Grants are awarded by the federal government and do not need to be repaid. To apply for a Pell Grant, students will need to submit their FAFSA. If you are awarded a Pell Grant, you’ll see it listed in your financial aid award letter if you are accepted to Babson College.

You can learn more about Pell Grant eligibility here.

Outside Scholarships

Babson students can also apply for outside scholarships to fund their education. Outside scholarships are awards that are offered by private and non-profit organizations. If you want to see what outside scholarships you are eligible for, check out these resources:

• Top scholarships for high school seniors
• Top scholarships for college students
• Scholarship database

Babson College Financial Aid Resources

If you are looking for more information about financial aid and scholarships at Babson or have questions that are specific to your personal situation, we recommend that you reach out directly to the financial aid office!

Here’s how you can get in touch:

• Website: https://www.babson.edu/tuition-and-financial-aid/
• Email: [email protected]
• Phone: 781-239-4219

1380 is the median SAT score and 32 is the median ACT score for admitted students at Babson. A score that is close to this median value indicates that you have a good chance of admission to the institution. However, it’s important to remember that colleges judge applications holistically. If the rest of your application is strong, it’s possible to make up for lower test scores.

Coalition Colleges

Babson is a Coalition Member College, which means they have completed a vigorous vetting process from the Coalition for College to ensure that they “provide substantial support to lower-income, under-resourced and/or first-generation students; offer responsible student financial aid; and demonstrate a commitment to student graduation.” That also means you can apply to Babson via the Coalition Application. The Coalition Application makes it easy to obtain application fee waivers if you qualify. It’s also a great way to discover other colleges that have demonstrated a strong commitment to affordability and strong student outcomes.

Does Babson have a supplemental essay?

Yes, applicants to Babson College will have to write a supplemental essay in order to complete their application. Luckily, we have a guide to help you through that essay prompt and stand out in the application process.

Is Babson test-optional?

Babson College is test-optional, which means that it does not require applicants to submit their SAT or ACT scores. That means that some students will submit their test scores and others will not. If you choose not to submit your ACT or SAT score, the admissions officers will weigh your grades, extracurricular activities, essays, and interviews more heavily. If you are not sure whether you should submit your standardized test scores, our guide on submitting scores to test-optional schools can help.

What SAT/ACT score do you need to get into Babson College?

Colleges use standardized tests like the SAT and ACT as one of many factors to determine their admissions decisions. A high score on one of these tests does not guarantee admission to a college, and a low score does not guarantee rejection. However, the majority of accepted applicants to Babson College receive between a 30 and a 33 on their ACT, or a 1315 and a 1475 on their SAT.

What is the application deadline at Babson?

Students must apply by January 2 to enroll at Babson during the fall semester. Remember that college applications involve many pieces, including essays, a transcript, letters of recommendation, and more. Be sure to start your application as soon as you can to make sure you have enough time to make it as compelling as possible.

At Babson students also have the opportunity to apply Early Decision. In order to take advantage of this option, you’ll have to have your application in by November 1.

You can also choose to apply Early Decision II, with a later deadline of January 2.

And if you’re considering applying Early Action at Babson, remember that the deadline is November 1.

Should I apply Regular or Early Decision to Babson?

Applying to Babson with Early Decision can be a great decision if you are 100% sure you want to go there. You’ll find out your admissions decision earlier than other students, and some data shows that you may help your admissions chances. However, you should keep in mind that Early Decision is binding. If you do get into the school, you won’t be able to change your mind later. If there is any doubt in your mind, you should apply Early Action or Regular Decision instead.

Read more: All you need to know about Early Action vs Early Decision

Should I apply Early Action at Babson?

Early Action is a great option for students who want to hear back from a college before the Regular Decision admissions are released. At some colleges, applying Early Action can also help your admissions chances. However, this varies on a college-by-college basis, so it will not always give you a boost.

Be on the lookout for Single Choice Early Action or Restricted Early Action options. These are not the same as Early Action, and although they can be great options for some students, they are not a good fit for everyone. If you’re considering applying for Single Choice Early Action or Restricted Early Action, be sure to read the college’s admissions website carefully. Make sure that these restrictions fit with your college admissions plan.

What is the graduation rate at Babson College?

93% of students who start at Babson College end up finishing their degree within six years of enrolling. This is 35% more than the national median. A higher graduation rate indicates that students have better experiences at an institution.

How much do graduates of Babson College go on to earn?

10 years after starting school at Babson College, the median earnings among students who received federal financial aid was $123,938. This is $73,547 more than the national median.

Earnings can vary widely based on many factors other than school choice. Your major and career path can cause substantial changes in your income down the line. For more information, check out our article on the average starting salary out of college.

How much do students at Babson take out in loans?

Graduates of Babson have to take out a median of $20,000 in federal student loans. This is $6,500 more than the national median. As you make decisions about your college loans, it’s important to inform yourself on the advantages and disadvantages of each loan option. Our guide to navigating these different options is a great place to start.