Welcome to the Net Price Calculator for Babson College! You've come to the right place. Using the net price calculator, you can find out if you are likely to qualify for need-based financial aid at Babson. You will also receive an estimate of your "net price," or out-of-pocket expenses. At Babson we are committed to educating students from a wide range of backgrounds and life experiences. We care deeply about making Babson affordable.
How does it work? The calculator measures the financial strength of your family and provides an average amount of need-based grants, scholarships, student loans and work-study available to students in circumstances similar to yours. Your "net price" is the difference between your estimated financial aid and the cost of attending Babson.
In addition to need-based financial aid, Babson offers 4-year merit scholarships. They're awarded based on more than just SAT/ACT scores or your GPA, and because we evaluate students holistically the merit scholarships are not included in this calculator. In considering students for merit scholarships we look for a combination of academic excellence, intellectual curiosity, involvement in school and community activities, and leadership ability.
As you use Babson's calculator, here are some important things to keep in mind:
- Babson's calculator is intended for U.S. and Canadian citizens and permanent residents only. Link here for information about scholarships and financing options for international students.
- The net price calculator will give you Babson's average aid eligibility and net price for students in circumstances similar to yours. Student Financial Services at Babson has the final word on your financial aid awards. Actual grant and scholarship amounts will vary - some students may receive more and some less.
- We encourage students and parents to work together to provide the most accurate data, and to talk about how you think about value.
- The calculator is not designed to estimate financial aid for families where the parents are separated or divorced. Babson requires the Noncustodial Parent PROFILE as part of the financial aid application and will calculate an estimated contribution for each parent.
- If your parents are self-employed or own a business, the results may not be accurate. The tips along the way can help improve the reliability of the calculator results.
- In order to receive full consideration for need-based financial aid at Babson, you must complete the College Scholarship Service PROFILE and the Free Application for Federal Student Aid (FAFSA) by the deadlines listed on Babson's website. We're "need blind" in our admission process, which means that applying for financial aid will not affect your chances of being admitted. The only exception is for international students applying for financial aid, who will be admitted on a need-aware basis beginning in Fall 2015.
- Babson commits to funding its grants and scholarships for all four years. Students can count on the same amount of Babson funding as offered for the first year, provided there are no major changes in the family's financial circumstances or a change in the number of the student's siblings attending an undergraduate program.
- The cost of attendance, estimated family contribution, and estimated awards are based on Babson's policies for incoming students for the 2014-15 academic year. The policies could change for students being admitted in future years.
- Link here for information about Babson's merit scholarships, including the Weissman Scholarship which requires a separate application.