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

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 first enrolling in 2013-2014 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