Skip Navigation LinksHome / Admission / Tuition and Financial Aid / Undergraduate / Financial Aid / Need Based Grants and Scholarships

Need Based Grants & Scholarships

Babson Grant

  • Value: Award amount based on each student's financial need, as determined by a standard need-analysis methodology. Award amount is committed for four years, provided there are no major changes in a family's financial circumstances or the student's enrollment status.
  • Criteria: Need based
  • Notes: We will re-evaluate the Babson Grant amount after the first year only if there is a major change in the family’s circumstances, including a change in the number of the student's siblings in undergraduate college. Students who receive the Babson Grant are eligible for a Merit Step of $1,000 in each year after a cumulative GPA of 3.2 or better is achieved.
  • Apply: Awards based on financial aid application

Four Year Examples of the Babson Grant

Babson commits to the Babson Grant amount for four years, provided there are no major changes to the family’s financial circumstances or the enrollment status

The circumstances that would trigger a re-evaluation of your grant level for the next year are:

  • a 20% or greater change in parents’ total annual income from one year to the next
  • a change in the number of dependent children attending college
  • a change in the student’s residence status, from living on campus to commuting from home, or vice versa
  • a change in your enrollment status

Assuming the family experiences no major change, the same Babson Grant amount will be awarded each year. The following example shows how a student for whom there is no major changes in circumstances receives the same Babson Grant each year.

Example 1: Babson Grant

Financial Aid Type
First Year
Second Year
Third Year
Fourth Year
Babson Grant
$10,000
$10,000
$10,000
$10,000
Federal Direct Loan
$5,500
$6,500
$7,500
$7,500
Federal Work-Study
$2,200
$2,200
$2,200
$2,200
Total Aid
$17,700
$18,700
$19,700
$19,700

 

Students who receive the Babson Grant are eligible for a Merit Step of $1,000 each year after the cumulative grade point average of 3.2 or better is achieved

In the following example, for a student who achieves a 3.2 cumulative GPA at the end of the first, second and third years, the $1,000 Merit Step is awarded in each of the following academic years

Example 2:  Babson Grant with Merit Step

Financial Aid Type
First Year
Second Year
Third Year
Fourth Year
Babson Grant with Merit Step
$10,000
$11,000
$12,000
$13,000
Federal Direct Loan
$5,500
$6,500
$7,500
$7,500
Federal Work-Study
$2,200
$2,200
$2,200
$2,200
Total Aid
$17,700
$19,700
$21,700
$22,700

 

Blank Scholarship

  • Value: $7,000/year for 4 years
  • Criteria: Awarded to incoming students on the basis of entrepreneurial potential, academic achievement, and financial need
  • Apply: In addition to applying for financial aid, submit a separate 500-word essay with your admission application about your entrepreneurial experiences and dreams, entitled “Blank Scholarship Essay”

Canadian Scholarship

  • Value: Varies according to need
  • Criteria: Need based, Canadian citizens
  • Apply: Awards based on financial aid application (CSS PROFILE only)

Class of ’49 Scholarship

  • Value:  Up to $3,000 per year for sophomore, junior and senior years
  • Criteria: Awarded to selected top GPA earners at the end of the first year who have financial need and who have demonstrated a high degree of involvement in co-curricular activities. Note: students who received merit scholarships at the point of admission are excluded from consideration for this scholarship.
  • Apply: No separate application is required

Elizabeth Little Bodman Scholarship

  • Value: Varies according to need
  • Criteria: Need based for women attending Babson mid-career
  • Apply: Award based on financial aid application

Enrico Dallas Scholarship

  • Value: Full tuition for 4 years
  • Criteria: Need based for Dallas residents
  • Apply: Awards based on financial aid application

Fund for Babson Scholarship

  • Value: $5,000 – $12,500/year for 4 years
  • Criteria: Need based with consideration for students’ accomplishments and characteristics
  • Notes: These scholarships are sponsored by generous alumni, foundations, corporations, and friends of Babson College
  • Apply: Awards based on financial aid application

George I. Alden Scholarship

  • Value: Varies according to need
  • Criteria: Need based for students who transfer from a Massachusetts Community College
  • Apply: Awards based on financial aid application

Global Scholarship

  • Value: Full tuition for 4 years
  • Criteria: Need based to selected international students
  • Apply: Awards based on financial aid application (CSS PROFILE only)

Michael J. Conlon Award

  • Value: $5,000, one time
  • Criteria: Need based for a junior at Babson with strong academics and leadership on campus
  • Apply: Submit application and essay to Student Financial Services in mid-September of your junior year

NFTE Scholarship

  • Value: Full tuition for 4 years
  • Criteria: Need based for students that have participated in the Network for Teaching Entrepreneurship
  • Apply: In addition to applying for financial aid, submit a 500 word essay with your admission application about your experience in the NFTE program, entitled “NFTE Scholarship Essay”

Sorenson Arts Scholarship

  • Value: $5,000/year for 4 years
  • Criteria: Awarded to incoming students on the basis of artistic ability, the strength of the student's ideas about combining artistic pursuits with a business degree, academic achievement, and financial need
  • Apply: In addition to applying for financial aid, submit a separate 500-word essay with your admission application about your interest in combining your artistic pursuits and a management education, entitled “Sorenson Scholarship Essay."  You may support your essay by also submitting a sample or representation of your artistry.

Wellesley and Needham Town Scholarships

  • Value: Varies based on need
  • Criteria: For students who are residents of Wellesley or Needham, Massachusetts
  • Apply: In addition to applying for financial aid, an additional application to the respective town’s Board of Selectmen is required. For the Needham Town Scholarship, complete the application found on the town website, here. For the Wellesley Town Scholarship, list the Wellesley Scholarship Foundation when filing the CSS Profile form.

 

Federal and State Grants

Student Financial Services will determine your eligibility for federal and state grants based on the information you provide on the Free Application for Federal Student Aid (FAFSA)
 

Federal Pell Grant 

  • The Federal SEOG is awarded to undergraduates with the greatest financial need
  • If your tentative award letter includes a Federal Pell Grant, the amount is an estimate that will be finalized once we receive your FAFSA and verification documents. The award amount is subject to change each year depending on your financial need and federal funding availability.
  • More information

Federal Supplemental Educational Opportunity Grant (SEOG)

  • The Federal SEOG is awarded to undergraduates with the greatest financial need
  • Of the award amount, 75% is paid by the federal government and 25% is paid by Babson

State Grants

  • For Massachusetts residents, the Mass Grant is awarded to students with the greatest financial need
  • Babson receives Gilbert Grant monies from the Commonwealth of Massachusetts to award to Massachusetts residents who have the greatest financial need
  • Students from other states may be eligible for state grants that can be used in Massachusetts. Arrangements currently exist between Massachusetts and CT, DC, MD, NH, NJ, PA, RI and VT