What is the average debt of Babson students at graduation?
In 2017, full-time MBA students borrowing for educational expenses at Babson graduated with an average debt of $74,838. Babson's most recent 3-Year Cohort Default Rate for federal student loan borrowers is 1.6%.
What will happen to my financial aid if I live with my parents?
If we assumed that you would be living on your own but instead decide to live with your parents, your financial aid may be reduced because your costs are lower.
What can I do in case of a financial emergency?
Contact Student Financial Services if an emergency arises. You may submit an application for Student Emergency Funds. Requests should be made only for unanticipated expenses. Emergency funds will not be granted for Babson’s tuition and fees.
What can I do if my financial situation changes?
If there is a significant change in your financial circumstances, please contact your Student Financial Services counselor. Your SFS counselor will advise you about any resources that might be available in the short-term or the long-term.
How many credits do I need to take each semester to receive federal loans?
Students need to maintain half-time status (6 credits) each semester in order to receive federal loans. There are private loan options available for students who are less than half time. (Note: Blended Learning students registered for the standard number of credits for their cohort are considered to be enrolled half time, and CAM students enrolled in 4.5 or more credits are considered to be enrolled half time.)
Will I lose my other financial aid if I decline my Graduate Assistantship or Federal Work-Study?
I am borrowing money through the student loan program(s) to help with my living expenses. When will this money be available to me?
The College will refund to you any credit balance that exists on your student account, after the end of the drop/add period. Enrolled students can view their student account and request a refund online under Financial Services. Students, who have Federal Title IV student loan disbursements in an amount that exceeds the costs of tuition, mandatory semester fees, and any room and board charges, will automatically have the amount of the Federal Title IV credit balance refunded.
When will my Federal Direct Loan money be disbursed?
Federal Direct Loans are typically issued in two equal disbursements. If your loan period corresponds to the traditional academic year (September to May), the first disbursement will be timed to arrive at the beginning of each semester. This time frame applies only if all required documentation is submitted prior to the beginning of the term.