Babson College Financial Aid and Scholarships
Students Receiving Aid
46%
Total Aid Amount
$39.423M
Financial Aid Official Website
www.babson.edu/admission/tuition-aid
Students can avail of scholarships provided by the college, such as Alumni Scholarship, Arthur M. Blank Scholarship, Babson College - MASSGrant, and Babson College - One Family Scholarship Program, if they find educational expenses to be on the higher side. Notably, 51% of the students at Babson College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $4,200,118. One can visit BC's financial aid page at http://www.babson.edu/admission/tuition-aid for more information. Notably, a total of 12% of the applicants to Babson College receive the Federal Grant every year. In comparison, 44% of the students are awarded the Student Grant, 43% get the Institution Grant, and 12% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,477, and the same stands at $2,416 for State Grant awardees and $40,923 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,850. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $39,747 per year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $54,489 and $44,574, respectively. Those with an annual income level of $75,001-$110,000 would receive $37,627, while candidates with more than $110,000 of family income receive an average federal aid of $17,081. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. Every year, around 33% of the applicants to Babson College opt for student loans.
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