Merit Awards for Babson Students
In addition to need-based financial aid, Babson offers a limited number of merit scholarships based on a student’s academic performance, personal accomplishments, leadership, or potential for leadership.
Some merit scholarships require that you submit an additional essay and some do not. For those that do not require an additional essay, students are automatically considered for these scholarships through the review of their Babson application.
The two categories of scholarships are listed below:
No Application is Needed:
Presidential Scholars receive four-year, half-tuition scholarships, renewable each year with a minimum 3.0 cumulative GPA. This program provides students a plethora of resources to enhance their networking and career goals, provide mentorship opportunities, and grow their leadership skills.
Read about Presidential Scholar Ela Gokcigdem ’24 and her passion for sustainability Babson Thought & Action
The Diversity Leadership Award is a four-year, full-tuition scholarship awarded to students with the greatest potential for leadership in creating a diverse community. Candidates for the scholarship are evaluated based on the information in their admission and financial aid applications; no additional application is required. Students who are considered have demonstrated leadership in bridging differences and in building inclusive communities across individual and intersecting identities, such as race, ethnicity, religion, social class, nationality, (dis)ability, sexual preference, and gender expression. Watch Dario Guerrero, Jr. ’21 on what Babson’s Financial Aid Meant to Him to learn more.
Recipients of this scholarship can take part in a number of programs in their first year and beyond, including a senior send-off when they graduate:
- Lead Partners: You will be matched with upperclass students who will help you achieve outlined goals and navigate the many opportunities on campus.
- Monthly Meet-Ups: You and fellow award recipients will gather periodically for community building, information sharing, and fellowship.
- Community Building: Social events and outings are scheduled for each semester, as well as professional and personal development opportunities.
- One-on-One Advising: You will have check-ins with advisors to communicate progress and identify resources for success.
Read more about two recent Diversity Leadership Scholars from Lawrence, Massachusetts on Babson Thought & Action.
The Women’s Leadership Scholarship is a four-year, quarter-tuition merit scholarship offered to undergraduate students who are selected based on their academic achievement and demonstrated leadership in school and community activities. Women’s Leadership Scholars have the opportunity to apply for the Frank & Eileen™ Center for Women’s Entrepreneurial Leadership (F&E CWEL) Fellowship program, as well as take advantage of F&E CWEL’s vast networking, growth, and mentorship opportunities.
“One of the reasons I was so drawn to join the Babson community is because of its diversity and celebration of differences in its student body and staff.” – Jade Dobson ’25 and Women’s Leadership Scholar. Read more on Babston Thought & Action.
Need-based, for Dallas residents.
More information coming soon.
Need-based, for selected international students
Awards are based on financial aid application (CSS PROFILE only)
More information coming soon.
Babson Posse Scholars are recruited each year from a pool of over 3,000 New York City high school students. It covers full tuition for four years at Babson and every year students participate in a retreat for all Posse community members and friends. Visit the Posse Foundation to learn about the scholar nomination and selection process. For more information about Posse at Babson, please contact Tracey Reza, Assistant Dean of the Undergraduate School, who serves as Babson’s liaison to the Posse Foundation at treza@babson.edu.
Read more about Alena Washington ’22, Posse Scholar and recent Commencement speaker on Babson Thought & Action.
Application or Essay is required:
Students applying for these scholarships where an additional application or essay is required must submit their essay by the following dates:
- If applying Early Decision I or Early Action – scholarship essay is due December 1, 2025
- If applying Early Decision II or Regular Decision – scholarship essay is due February 1, 2026
Awarded to incoming students on the basis of entrepreneurial potential, academic achievement, and financial need.
To apply:
- Apply for admission to Babson
- Apply for financial aid to Babson College.
- Write a 500-word essay, entitled "Blank Scholarship Essay," about your entrepreneurial experiences and dreams. Submit this essay through your applicant portal.
Students who have participated in the non-profit Junior Achievement USA are encouraged to apply for admission and financial aid at Babson, and to complete the Babson JA Scholarship application procedures below. You will be considered for the JA Scholarship and other financial aid for which you might qualify. The Babson Junior Achievement Scholarship is valued at $20,000 per year for four years.
To apply:
- Apply for admission to Babson
- Apply for financial aid to Babson College.
- Submit a résumé detailing your JA accomplishments and experiences through your applicant portal.
Junior Achievement USA offers education on financial literacy, work and career readiness, and entrepreneurship to inspire and prepare young people to succeed.
DECA is a national non-profit (you may recognize the name from an entrepreneurship program in your high school) that, “prepares emerging leaders and entrepreneurs for careers in marketing, finance, hospitality, and management in high schools and colleges around the globe.” The Babson DECA Scholarship is valued at $5,000 per year for four years.
Learn more about their scholarships and corporate partners on the DECA website.
To apply:
- Apply for admission to Babson
- Apply for financial aid to Babson College.
- Submit a resume detailing your DECA accomplishments and experiences through your applicant portal.
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.
To apply:
- Apply for admission to Babson
- Apply for financial aid to Babson College.
- 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 portal.
Students who have participated in Network for Teaching Entrepreneurship (NFTE) should apply for admission and financial aid at Babson, and complete the Babson NFTE Scholarship application procedures below. The Babson NFTE Scholarship is a four-year, full-tuition scholarship.
- Apply for admission to Babson
- Apply for financial aid to Babson College.
- Submit a resume detailing your NFTE accomplishments and experiences through your applicant portal.
NFTE is a “global educational nonprofit focused on bringing the power of entrepreneurship to youth in low-income communities.”
The Weissman Scholarship program provides four-year, full-tuition scholarships plus financial support for scholars to develop their unique talents and pursue their personal passions. Recipients are selected based on demonstrated high academic achievement and strong leadership skills. The award is renewed in future years provided you maintain a 3.3 cumulative GPA.
This scholarship comes with a unique set of benefits, including retreats, tailored study abroad opportunities, and student projects that take you across the country to places like Silicon Valley, SXSW in Austin, Texas, and New York City.
Learn more and start your application for a Weissman Scholarship.
The Arthur M. Blank School for Entrepreneurial Leadership Scholarship is a four-year, full-tuition, merit-based award. The scholarship is awarded to undergraduate students who embody Blank’s leadership qualities and the foundational values of the Blank School.
Award $5,000 to 6 students.
The award is for the ‘24/’25 academic year.
To Qualify:
For undergraduates who have an interest in franchising education and leadership in the franchising world.
Candidates for the scholarship are evaluated using the information in their scholarship applications. Per the donor’s request, recipients must also demonstrate financial need and be a current recipient of need-based financial aid at Babson. Student Financial Services will confirm. Must apply each year.
Apply now:
Franchise Leadership Scholarship Application
Scholarship Requirements:
Commitment to the Tariq Farid Franchise Institute with participation in meetings, events and assisting in ways the Institute can better reach the students to make franchising accessible to all.
All applicants must be located on the Babson Wellesley campus during the academic year, in order to apply. Deadline is Monday, January 27, 2025.
I am incredibly grateful to have the opportunity to be a Presidential Scholar. To me, Babson was like a bridge that connected the scattered dots in my life together during a time when I was the most lost. Applying to college was the first time I have ever lost belief in myself and my direction as I felt conflicted in deciding what the next steps were as a competitive figure skater and as a young adult with a passion for entrepreneurship. When I found Babson, everything naturally came together and the chance to be a Presidential Scholar was like the cherry on top. I am honored and excited to show my best at Babson.
Opportunities for Current Students
There are additional merit-based opportunities for students once they are enrolled and complete a set number of coursework. Students also may seek out scholarships from their community and outside sources to help supplement their financial aid.
