Need-Based Grants and Scholarships

• Value: Award amount is based on each student's financial need, as determined by a standard need-analysis methodology. Award amount is committed for four years, provided there are no major changes in the family's financial circumstances or the student's enrollment status.
• Criteria: Need-based
• Notes: We will re-evaluate the Babson Grant amount after the first year only if there is a major change in the family’s circumstances, including a change in the number of the student's siblings in undergraduate college. Students who receive the Babson Grant are eligible for a Merit Step of $1,500 in each year after a cumulative GPA of 3.2 or better is achieved.
• Apply: Awards are based on financial aid application

​Four-Year Examples of the Babson Grant

​Babson commits to the Babson Grant amount for four years, provided that there are no major changes to the family’s financial circumstances or the student's 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 the student's 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 with 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 $1,500 (starting in 2017–2018) each year after a cumulative grade point average of 3.2 or better is achieved

In the following example, a student who achieves a 3.2 cumulative GPA at the end of the first, second, and third years is awarded the $1,500 Merit Step in each of the subsequent academic years.

Example 2: Babson Grant with Merit Step

• Value: $7,000/year for 4 years
• Criteria: Awarded to incoming students on the basis of entrepreneurial potential, academic achievement, and financial need
• Apply: In addition to applying for financial aid, write a 500-word essay, entitled "Blank Scholarship Essay," about your entrepreneurial experiences and dreams. Submit this essay through your applicant status page by February 1. 

• Value: Varies according to need
• Criteria: Need-based, for Canadian citizens
• Apply: Awards are based on financial aid application (CSS PROFILE only)

• Value:  Up to $5,000 per year for sophomore, junior, and senior years
• Criteria: Awarded to selected top GPA earners at the end of the first year who have financial need and who have demonstrated a high degree of involvement in co-curricular activities. Note: students who received merit scholarships at the point of admission are excluded from consideration for this scholarship
• Apply: No separate application is required

• Value: Varies according to need
• Criteria: Need-based, for women attending Babson mid-career
• Apply: Awards are based on financial aid application

• Value: Full tuition for 4 years
• Criteria: Need-based, for Dallas residents
• Apply: Awards are based on financial aid application

• Value: $5,000 – $12,500/year for 4 years
• Criteria: Need-based, with consideration for students’ accomplishments and characteristics
• Notes: These scholarships are sponsored by generous alumni, foundations, corporations, and friends of Babson College
• Apply: Awards are based on financial aid application

• Value: Varies according to need
• Criteria: Need-based, for students who transfer from a Massachusetts Community College
• Apply: Awards are based on financial aid application 

• Value: Full tuition for 4 years
• Criteria: Need-based, for selected international students
• Apply: Awards are based on financial aid application (CSS PROFILE only)

• Value: $5,000, one-time
• Criteria: Need-based, for a junior at Babson with strong academics and demonstrated leadership on campus
• Apply: Submit application and essay to Student Financial Services in mid-September of your junior year

• Value: Full tuition for 4 years
• Criteria: Need-based, for students who have participated in the Network for Teaching Entrepreneurship
• Apply: In addition to applying for financial aid, submit a résumé highlighting your experiences in the NFTE program. Submit this résumé through your applicant status page.

• Value: $5,000/year for 4 years
• Criteria: Awarded to incoming students on the basis of artistic ability, the strength of the student's ideas about combining artistic pursuits with a business degree, academic achievement, and financial need
• Apply: In addition to applying for financial aid, write a 500-word essay, entitled "Sorenson Scholarship Essay," that describes your identity as an artist and your artistic goals. Your goals may be separate from or may relate to your goals in business and entrepreneurship. Please submit a sample or representation of your artistry. Submit this essay and supporting materials through your applicant status page by February 1.

• Value: Varies based on need
• Criteria: For students who are residents of Wellesley or Needham, Massachusetts or who are graduates of Wellesley or Needham High Schools
• Apply: In addition to applying for financial aid, an additional application to the respective town’s Board of Selectmen is required. For the Needham Town Scholarship, complete the application found on the town website​. For the Wellesley Town Scholarship, list the Wellesley Scholarship Foundation when filing the CSS Profile form.​

• The Federal Pell Grant is awarded to undergraduates with the greatest financial need
• If your tentative award letter includes a Federal Pell Grant, the amount is an estimate that will be finalized once we receive your FAFSA and verification documents. The award amount is subject to change each year depending on your financial need and federal funding availability
• Find more information about Federal Pell Grants​​

• The Federal SEOG is awarded to undergraduates with the greatest financial need
• Of the award amount, 75% is paid by the federal government and 25% is paid by Babson

• For Massachusetts residents, the Mass Grant is awarded to students with the greatest financial need
• Babson receives Gilbert Grant monies from the Commonwealth of Massachusetts to award to Massachusetts residents who have the greatest financial need
• Students from other states may be eligible for state grants that can be used in Massachusetts. Arrangements currently exist between Massachusetts and CT, DC, MD, NH, NJ, PA, RI and VT