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BABSON COLLEGE

Babson College
231 Forest Street
Babson Park, MA 02457-0310

Official telephone: (781) 235-1200
Toll-free telephone: (800) 488-3696
Fax number: (781) 239-4135

Website: www.babson.edu


Options:
Screen last updated on: September 14, 2006

The financial aid information below is valid for the 2006 academic year.

FINANCIAL AID OFFICE
Financial aid officer: Melissa Shaak,
Director of Student Financial Services
Contacting the office: 781 239-4219
781 239-5510 (fax)
FAFSA number: 002121
CSS/PROFILE number: 3075

EXPENSES
Undergraduate tuition: $32,256; $32,256 out-of-state
Book fees: $930
Miscellaneous expenses: $2,215
Other expenses: personal expenses and loans fees
Combined room and board expenses: $11,222 - $11,222

APPLYING FOR AID

Required form Priority date Rolling? Closing date
FAFSAFebruary 15noFebruary 15
CSS/Financial Aid PROFILEN/AnoFebruary 15
Noncustodial (Divorced/Separated) Parent's StatementN/AnoFebruary 15
Business/Farm SupplementN/AnoFebruary 15

Date award notification begins: April 1
Applied for financial aid:
55% of first-year students
45% of full-time undergraduates
Determined to have financial need:
75% of first-year students
92% of full-time undergraduates
Students determined to have financial need who received any financial aid:
100% of first-year students
100% of full-time undergraduates
Students determined to have financial need who received any need-based gift aid:
91% of first-year students
93% of full-time undergraduates
Students receiving financial aid who received need-based self-help aid:
100% of first-year students
100% of full-time undergraduates
Students receiving financial aid who received any non-need-based gift aid:
16% of first-year students
17% of full-time undergraduates
Students receiving financial aid whose need was fully met (excluding PLUS loans and private alternative loans):
88% of first-year students
88% of full-time undergraduates
Average percent of need that was met of students who received any need-based aid (excluding PLUS loans and private alternative loans):
97% for first-year students
97% for full-time undergraduates
0% for part-time undergraduates
Average financial aid package (excluding PLUS loans and private alternative loans):
$26,171 for first-year students
$26,018 for full-time undergraduates
$0 for part-time undergraduates
Average need-based gift award:
$21,633 for first-year students
$20,807 for full-time undergraduates
$0 for part-time undergraduates
Average need-based self-help award (excluding PLUS loans and private alternative loans):
$4,538 for first-year students
$5,211 for full-time undergraduates
$0 for part-time undergraduates
Average need-based loan (excluding PLUS loans and private alternative loans):
$3,123 for first-year students
$3,932 for full-time undergraduates
$0 for part-time undergraduates
Students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
9% of first-year students
8% of full-time undergraduates
Average award to students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
$14,445 for first-year students
$9,153 for full-time undergraduates
$0 for part-time undergraduates
Students who received a non-need-based athletic award:
0% of first-year students
0% of full-time undergraduates
Average non-need-based athletic award:
$0 for first-year students
$0 for full-time undergraduates
$0 for part-time undergraduates
School participates in Federal Work-Study Program: yes
Percent of students who received aid that participated in Federal Work Study: 50%

TYPES OF AID AVAILABLE
Types of loans available:
  • FFEL Subsidized Stafford Loans
  • FFEL Unsubsidized Stafford Loans
  • FFEL PLUS Loans
  • Federal Perkins Loans
  • State Loans
Parent loans packaged to meet need: no
Percent of undergraduates who have borrowed through all loan programs: 48%
Average student debt upon graduation: $24,900
Types of payment plans:
  • Academic Management Services (AMS)
Need-based scholarships/grants available:
  • need-based (general)
  • Federal Pell Grants
  • SEOG
  • state scholarships/grants
  • college/university scholarships/grants (institutional funds)
Non-need-based scholarships/grants available:
  • non-need-based (general)
  • academic merit scholarships/grants
Percent of scholarship aid awarded to out-of-state students: 0%



Data is copyrighted material under license to Wintergreen Orchard House, a division of Alloy Education, which is reproduced on this website by permission of Wintergreen Orchard House. Material may contain updates provided solely by the institution to which the updated Data relates. Copyright © 2006-2008 by Wintergreen Orchard House. All rights reserved.


The information in the Campus Tours is provided and updated by third parties including the respective colleges and universities. While the colleges and universities are able to update the Campus Tours information at any time and this section, thereby, has the potential to offer the most accurate and up-to-date information available, the information is not independently validated, and no party associated with this website can accept responsibility for its accuracy.

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