We encourage all U.S. citizens and permanent residents of the U.S. to apply for need-based financial aid by the deadlines listed below.

Students must apply for financial aid each year. Current students can check their application status here.

New For 2012-2013

As part of the Budget Control Act of 2011, passed by Congress last August, graduate and professional students are no longer eligible to receive Federal Direct Subsidized Loans for periods of enrollment on or after July 1, 2012.  Graduate and professional students can still borrow up to $20,500 per academic year through the Federal Direct Unsubsidized Loan program.  Interest will accrue upon disbursement and the interest rate is fixed at 6.8 percent. 

We are required to collect less documentation to package the Federal Direct Unsubsidized Loan.  For most students, you will only need to file the 2012-2013 Free Application for Federal Student Aid (FAFSA); no additional tax return, W-2s, or the Verification Worksheet are required.  In a limited number of cases, if your enrollment period for 2012-2013 starts prior to July 1, 2012, we will reach out to you for additional documentation.  You will find listed here the financial aid application procedures and deadlines you should meet if you would like to borrow a Federal Direct Unsubsidized Loan.  It is your responsibility to make sure the application is complete.  You can check your application status on your portal.  Financial aid award information will be available online beginning in May. 

Step 1 - File the Free Application for Federal Student Aid (FAFSA)

Go to FAFSA online at www.fafsa.gov.  The U.S. Department of Education will send reminders to prior year applicants in January and February. You can sign the form electronically using your PIN.  If you do not have a PIN, you can request one through www.pin.ed.gov.  Be sure to list Babson College, Babson Park, MA, Federal School Code 002121.  If you provide your e-mail address when completing your FAFSA, you will receive information about your application within a few days of processing.  Please check the information for accuracy and follow any special instructions.

New For 2012-2013: IRS Data Retrieval Process

The IRS Data Retrieval Process allows students to transfer their completed 2011 federal tax return data directly from the Internal Revenue Service (IRS) to the 12-13 FAFSA.  When you initiate the FAFSA application, you will be asked if you wish to use the IRS Data Transfer Process.  For 12-13, Babson is requesting that all applicants use the IRS Data Retrieval Process.  Once you file your 2011 federal tax return electronically with the IRS, there is approximately a 2 week turnaround before the information is available for retrieval.  If possible, you should plan to file your federal 2011 tax return by 4/1/12.   If the 4/17/12 deadline is approaching and your information is not yet available via the IRS Data Retrieval Process, it is fine to submit the FAFSA but you should go back and make the necessary corrections using the IRS Data Retrieval Process.

Step 2 – Submit all required scholarship application material

Review the scholarships at Babson that have special application requirements and decide if you wish to apply. Learn more about scholarships here.

Deadlines

Incoming Students

Use your admission application deadline for the FAFSA and all scholarship materials.

Returning Students

We recommend you complete these steps by April 17th.