Melissa Shaak Emergency Funds

 

Students may request funds for an emergency situation, or for unanticipated and compelling circumstances that jeopardize their ability to successfully continue in school. Student Emergency Funds will be provided in the form of grants, and typically will range from $100 to $1,000 depending on the need. 

 

To request funding, please complete the Student-emergency-funds-application-form send it by email to Meredith Stover, Director of Financial Aid, at student-emergency-funds-application-form. She and Ryan Travia, Associate Vice President for Student Success, will review each request and notify the student of the funding decision and next steps.

 

A faculty or staff member may complete this form on behalf of the student as long as the student has consented to the request being submitted. In most cases, however, it is preferable to have the student complete and submit the application.  

 

To be considered eligible, the student must:

• Be currently enrolled.

• Be in good standing.

• Demonstrate financial hardship due to an emergency situation, or for unanticipated and compelling circumstances that jeopardize the student’s ability to successfully continue in school.

• Consider and utilize other sources of funding as appropriate, such as recommended student loans, unless not available in a sufficiently timely manner.

 

Expenses that will be considered include, but are not limited to: 

• Medical, dental or mental health emergency expenses that are not covered by insurance.

• Replacement costs of essential personal belongings in the event of fire, theft or natural disaster that are not covered by insurance.

• Travel in the case of the death or illness of an immediate family member.

• Temporary support costs for a student in a dangerous situation due to threats or acts of violence.

• Individually-recommended or required services that are considered critical to a student’s success, for example, diagnostic testing for Accessibility Resources.  

• Support for emergency dependent-related expenses, for example, child care.

 

Expenses that will not be considered are as follows:

• Tuition, fees, room, board, books, and other standard expenses associated with attending Babson for those already receiving need-based financial aid.

• Costs of optional programs, entertainment, recreation, non-emergency travel and other non-essential expenses. 

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Priority for Student Emergency Funds will be given based on:    

• The urgency of the situation.

• The student’s overall financial picture and level of hardship.

• Whether other resources/support available to the student have been utilized.