Financial Aid Information for Parents

Whether this is your first time dealing with financial aid or you’re sending your youngest off to college, there’s no need for the process to be complicated. We hope to guide your family through it as smoothly as possible, and we are here to answer any questions and address any concerns that may arise. 

We want to make your child’s dreams come true here at Babson.

Babson College will meet 100% of your family’s demonstrated need in the first year, and we commit to that same amount for four years, provided there’s no major change in your family’s financial circumstances or number of children in college. So, you don’t have to stress every year that your child’s aid package is going to drastically change, and you can focus on helping your child navigate this exciting time!

Investing in Your Family

A Babson degree is more than just a business degree. It’s an investment in a career that starts even before your child graduates. Over 87% of our students have at least one internship while at Babson, and the starting salary for the Class of 2021 was $62,525, the highest in the school’s history. Our curriculum blends business and liberal arts and sciences courses, preparing students to be critical, resourceful thinkers who are ready to tackle any career they want—and maybe change the world in the process. 

Our students are ready to enter this ever-changing world, equipped with practical skills like communications and critical thinking, an entrepreneurial mindset, and the business fundamentals to get their ideas and passions off the ground. The ROI of a Babson degree is not only high, but it is vast.

$50 MM

Undergraduate aid awarded in 2022

$62,525

Average starting salary for Undergraduate Class of 2021*

99.5%

Students employed or continuing their education within six months of graduation*

*Within six months of graduation and based on a knowledge rate of 85%

Resources for Parents

Our team is here for you and your family every step of the way. Reach out to the Student Financial Services office at sfs@babson.edu or 781-239-4219 with any questions (we may have already answered them, too!). 

We also offer a guide for understanding your financial aid, which is available to download at this link, and the Department of Education’s Federal Student Aid website offers an extensive list of resources and helpful documents for parents. We look forward to working with you.

Options Available to Parents

Your student has various options to help finance their education, including merit- and need-based aid. You may wish to provide additional assistance for them, and there are parent-specific options available as well. The Federal Direct PLUS (Parent Loan for Undergraduate Students) is a federal loan specifically for parents You can apply directly on the Federal Student Aid website. There also are private loan options available through lenders.

Cost Calculators

Loan Information

Scholarship Search Options

These resources can help you and your child find financial aid information and scholarships that are most applicable to their strengths, interests, and skills. We also list possible outside scholarships for Babson students on our Resources page (see the Frequently Asked Questions).

Financial Aid Deadlines and Applications

You can start the financial aid process with these steps. Student Financial Services can help with the standard process, as well as mid-year and summer session financial aid.

In case your kid forgets to tell you, here are the financial aid deadlines to know for the upcoming application cycle.

 CSS PROFILE and FAFSA DeadlinesNotification of Financial Aid Decision
Early Decision I Candidates November 15, 2022 December 15, 2022
Early Action Candidates November 15, 2022 January 1, 2023
Early Decision II and Regular Decision Candidates February 1, 2023 April 1, 2023
Transfer Applicants for Fall April 1, 2023 May 15, 2023
Transfer Applicants for Spring November 1, 2022 December 1, 2022

Get in Touch

Fill out the Request Information form below to connect with us. This will ensure that you learn about the academic experience, hear stories from our current students, and receive important announcements during the admission process...just to name a few.

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Contact Us

Domestic: 781-239-5522

International: 800-488-3696

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