Additional Sources of Funding

MBA Need-Based Scholarships

We are pleased to announce the following need-based scholarship opportunities for MBA students at Babson. Preference in selection will be given to students who will graduate this academic year and who have not previously received a merit award at the time of admission to Babson. Other factors used to evaluate scholarship candidates will include: academic accomplishments, involvement in graduate school community, financial need, and level of educational loan debt.

This scholarship was made possible through the generosity of the MBA Class of 2001. The scholarship is awarded to a continuing student who has done work in a developing country or non-profit organization.

This scholarship was made possible through the generosity of the Two Year MBA Class of 2002. Their successful fundraising effort led to the creation of an endowed fund designed to assist second year students in the Two Year program experiencing financial difficulty.

This endowed scholarship fund was a gift from the estate of the late Donald M. Gally ’27. The scholarship is awarded based on financial need with preference given to students from southern U.S. states.

This endowed scholarship fund was established in memory of Elizabeth L. Bodman M’76, former Babson trustee. The scholarship is designed to provide assistance to undergraduate and graduate women who are furthering their education in mid-career.

One scholarship from this endowed fund is awarded each year to a European MBA student studying at Babson.

This award provides need-based assistance for a graduate women from the U.S. with preference given to female students with entrepreneurial experience.

This GSC-sponsored scholarship will be given to a full-time student who has demonstrated leadership in graduate school activities that strengthen community and enhance the lives of graduate students.

Named in memory of Robert G. Wertheimer, former Professor of Economics at Babson, this scholarship is awarded to an international MBA student with financial need.

Canadian Scholarship

The Canadian Scholarship is a need-based scholarship that is awarded to Canadian citizens, with preference to students who attended McGill University. Apply by completing a College Scholarship Service PROFILE form online.

FUNED Scholars

Babson College, in partnership with the Fundación Mexicana Para La Educación (FUNED), offers up to two (2) $10,000 scholarships annually to selected incoming MBA students who are Mexican nationals. FUNED is a not-for-profit private foundation whose mission is to help Mexican college graduates develop their potential to become leaders in their country. The agreement provides the opportunity for incoming MBA and MS students to apply for a loan from FUNED covering up to 40% of the total educational cost, not to exceed $20,000 for one year and $40,000 for two years.

There is no separate application for the FUNED Scholarship at Babson; Mexican nationals will be considered based on their admission application materials. Candidates are subject to the normal admission requirements and merit award criteria established by Babson College. Scholarship recipients will be notified at the time of admission. Recipients who are in the Two-Year MBA program who continue in good academic standing will have the FUNED Scholarship renewed for their second academic year at Babson.

Wellesley and Needham Town Scholarships

For students who are residents of Wellesley or Needham, Massachusetts or who are graduates of Wellesley or Needham High Schools. An additional application to the respective town's Board of Selectmen is required. For the Needham Town Scholarship you will need to complete the application found on the town website.

Yellow Ribbon Scholarships

Established by the Post-9/11 GI Bill®, the Yellow Ribbon Program provides veterans with supplemental education funding, beyond the basic benefits, by matching contributions made by a participating college or university. Qualifying students at Babson will receive an annual $20,000 Yellow Ribbon Scholarship, $10,000 of which is funded by Babson and matched by $10,000 from the Veterans Administration. Candidates should send a copy of the VA Certificate of Eligibility to Babson’s VA certifying official in Veteran Benefits at the Registrar’s Office. The limited number of scholarships are awarded on a first-come, first-served basis.

GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government Web site at