The Blank School engages Babson community members and leads research to create entrepreneurial leaders.
Babson College Tuition Costs
At Babson, we want the transition to college for your entire family to be as smooth as possible. That includes making sure you understand the cost of a Babson education and how we are here to help.
Tuition Cost and Other Expenses Breakdown
Below is our tuition and other expected expenses for the 2023–2024 academic year, including the average costs for housing and food/meal plans, and books and other supplies.
Please note, undergraduate tuition, housing and food/meal plan rates are set annually by Babson College’s Board of Trustees. If you have any questions, please reach out to Student Financial Services at 781-239-4219 or sfs@babson.edu.
| 2023-2024 Cost Breakdown | |
|---|---|
| Tuition (includes the use of a Babson-issued laptop computer) | $56,032 |
| Housing (median) | $13,714 |
| Food/Meal Plan (average) | $7,072 |
| Books and Supplies (average) | $1,292 |
| Personal (average) | $2,082 |
| Federal Direct Loan Fees (average) | $50 |
| Total Estimated Cost of Attendance | $80,242 |
Estimate Your Costs and Financial Aid
Figuring out what your net price to attend Babson isn’t tricky. Your net price is your annual cost after your family’s aid is considered. We offer interactive calculators to estimate how much need-based financial aid you may be eligible to receive. They are designed to help you and your family plan as you make your final decision.
Sample Financial Aid Package
Let’s break down some of these numbers so you can get a sense of what to expect. Here is a sample financial aid package for three income scenarios for families of four (4) with one (1) student in college.
| 2023-2024 Sample Financial Aid Package | |||
|---|---|---|---|
| Income | $45,000 | $98,000 | $155,000 |
| Assets* | $0 | $150,000 | $150,000 |
| Total Tuition, Housing (median), Meals (average) | $76,818 | $76,818 | $76,818 |
| Babson Grants | $63,000 | $46,000 | $36,000 |
| Federal Grants | $8,395 | $0 | $0 |
| Net Federal Subsidized Loan** | $3,464 | $3,464 | $3,464 |
| Federal Work-Study*** | $2,200 | $2,200 | $2,200 |
| Total Aid | $77,059 | $51,664 | $41,664 |
| Estimated Family Out-Of-Pocket Expense | $1,959 | $27,354 | $37,354 |
* Assets include savings, investments, business and home equity.
** Net amount of federal loan less origination fee is $3,464.
*** Federal Work-Study earnings are paid directly to students as they work the hours and are not deducted from college charges
Payment Deadlines
There is a specific payment deadline for each semester. Make sure to mark down these financial aid dates for the upcoming school year.
May
1
Summer 2023 Semester
August
1
Fall 2023 Semester
January
4
Spring 2024 Semester
Potential Miscellaneous Expenses Breakdown
Financial situations and payment needs beyond the standard items may arise. Below is a cost breakdown of some of the most common miscellaneous examples. Other miscellaneous charges may include vehicle registration, parking violations, dorm damage fees, library fines, laptop repairs, pharmacy charges, and replacement athletic equipment. The mid-semester payment deadline for miscellaneous charges is October 15 for the fall semester, and February 28 for the spring semester.
| Item | Pay Period | Cost |
|---|---|---|
| Health Insurance (further information below) | 8/10/23–8/9/24 | $1,759 |
| Per-credit tuition rate 2023–2024 (including Winter Session 2024, and Summer 2024) |
Each credit | $1,751 |
| Returned check fee | $50 | |
| Late payment fee | $200 | |
| Babson OneCard replacement | $20 | |
|
Senior year deposit (Refunded after Commencement, assuming account is settled) |
$200 |
Babson Student Health Insurance Information
Students enrolled in nine or more credits are required by Massachusetts law to carry health insurance. The College contracts with University Health Plans to provide coverage through Blue Cross Blue Shield. Optional dental insurance and vision insurance also are available. Students who have health insurance coverage through a parent’s plan that can be used in Massachusetts may waive participation in the Babson College Plan. Students with coverage from insurance carriers outside the United States or coverage by non-U.S. national health service programs may not waive participation.
