How to Apply for Aid

Applying for financial aid is an important part of your college decision process. The Babson team is here to guide you through the process. When you’re ready to apply, this guide will get you started.

Have questions? View our Frequently Asked Questions page or reach out to the Student Financial Services (SFS) office at sfs@babson.edu or 781-239-4219. Returning students should go to this page to find out about their financial aid process, and students who already have applied can go to the Babson Hub to check their application status.

Babson Financial Aid Application Process

Here are the steps to complete your financial aid application. We recommend you initiate the process at the same time you are applying for admission. 

Taking it one step at a time makes it less daunting. Feel free to reach out to SFS at any time with questions!

You first want to complete the CSS PROFILE to apply for Babson’s need-based grants and scholarships. Babson’s CSS PROFILE deadline is November 15 for Early Decision and Early Action candidates and February 1 for Regular Decision candidates (full deadlines for incoming students are below).

Here are things to keep in mind when filling it out:

  • Be sure to include Babson College (#3075) on your list of schools.
  • For students whose parents are self-employed or own a business or farm: You will be asked about the income, expenses, assets, and liabilities of your business. After submitting the CSS PROFILE, please upload a copy of the most recent year’s business tax return to the College Board’s Image and Documentation Service (IDOC). Step 4 has further information.  

For students whose parents are separated or divorced: You and your custodial parent (referred to as “Household A”) should complete the CSS PROFILE. Under “Additional Parent Application,” please provide an email address for your noncustodial parent (referred to as “Household B”), and the College Board will forward information on how your noncustodial parent should complete his/her section of the CSS PROFILE. If you already have submitted the CSS PROFILE and need to add another parent, you also can add this information on the applicant’s dashboard. Babson College believes that the primary responsibility for paying for college lies with the student and family. In the case of divorced or separated parents, we expect each parent to complete the CSS PROFILE. However, if there are extenuating circumstances related to your family, you may submit a CSS Profile Waiver Request for the Noncustodial Parent. Submission of the waiver request doesn’t guarantee it will be approved.  Review the instructions on page one and upload the waiver and any supporting documentation to the College Board’s Institutional Documentation Service (IDOC). Upon receipt, we will review the information provided and follow up with you via email.

After your CSS Profile is all set, you want to complete the Free Application for Federal Student Aid (FAFSA) at fafsa.gov. Citizens and permanent residents of the U.S. must complete the FAFSA to apply for federal aid. We encourage you to submit the FAFSA by November 15 if you are an Early Decision or Early Action candidate or by February 1 if you are a Regular Decision candidate.

What you need to know about the FAFSA:

  • Be sure to list Babson College (#002121).

You must create a Federal Student Aid ID (FSA ID), made up of a username and password. Your FSA ID identifies you as someone who has the right to access your personal information on the Department of Education websites, such as the FAFSA and Federal Student Aid sites. Parents of dependent students also will need to create their own FSA IDs in order to electronically sign the FAFSA. Find more information about the FSA ID at studentaid.ed.gov​.

We offer a number of merit- and need-based scholarships at Babson. Review the list of scholarships at Babson that have additional application requirements and decide if you wish to apply. The scholarships with additional requirements will have their own pages with application instructions.

You also will want to research and apply for scholarships outside of Babson (both local and national options are available to a variety of students).

In order to finalize your financial aid package, you will need to upload all verification documents to the College Board’s Institutional Documentation Service (IDOC) no later than April 1. Access to IDOC will be provided to you by the College Board based on receipt of your PROFILE application. For issues or assistance with IDOC, please contact the College Board at 866-897-9881. 

Here are the documents you need to upload:

After you apply, you can check the status of your financial aid application on the applicant status page. International students who wish to be considered for need-based aid should apply for the Global Scholars Program. If you are a veteran, our Veterans Affairs office can help you with the process.

Key Financial Aid Deadlines for Incoming Students

Mark your calendars! Below are the financial aid application deadlines for incoming undergraduate students.

 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

Are you a current student? You can find further information about key dates and financial aid procedures on this page.

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