Graduate Financial Aid & Loans

Babson College is committed to providing access to innovative business education to graduate students, regardless of financial status. There are multiple ways you can fund your education and your future, in addition to receiving graduate merit scholarships.

Financial Aid (U.S. Citizens & Permanent Residents)

All U.S. citizens and permanent residents are encouraged to apply for financial aid by completing the Free Application for Federal Student Aid (FAFSA). Federal student loans are available to students enrolled half time* or more. Students must apply for financial aid each year. Current students can check their application status in the Graduate Admissihttps://babsongrad.my.site.com/GradPortalLoginons portal.

*Note: CAM students enrolled in 4.5 or more credits are considered to be enrolled half time.

How to Apply

• Go to FAFSA online at www.fafsa.gov.
• If you haven't already done so, you must create a Federal Student Aid ID (FSA ID), made up of a username and password.
  • Your FSA ID identifies you as someone who has the right to access your own personal information on the Department of Education websites, such as the FAFSA and Federal Student Aid sites. Find more information about the FSA ID here.
• Be sure to list Babson College, Babson Park, MA, Federal School Code 002121.
• If you provide your email address when completing your FAFSA, you will receive information about your application within a few days of processing.
  • Please check the information for accuracy and follow any special instructions.​

Deadlines

Incoming Students: Use your admission application deadline for the FAFSA and all scholarship materials.
Returning Students: We recommend that you complete these steps by April 15.​

Canadian Scholarship

The Canadian Scholarship is a need-based scholarship that is awarded to Canadian citizens, with preference to students who attended McGill University. Apply by completing a College Scholarship Service PROFILE form online.

FUNED Scholars (Mexican Nationals)

Scholarship Opportunities
Babson College, in partnership with the Fundación Mexicana Para La Educación (FUNED), offers up to two $10,000 scholarships annually to selected incoming MBA students who are Mexican nationals.

There is no separate application for the FUNED Scholarship at Babson; Mexican nationals will be considered based on their admission application materials. Scholarship recipients will be notified at the time of admission. Recipients in the Two-Year MBA program who continue in good academic standing will have the FUNED Scholarship renewed for their second academic year at Babson.

Loan Opportunities
The agreement also provides the opportunity for incoming MBA and MS students to apply for a loan from FUNED covering up to 40% of the total educational cost, not to exceed $20,000 for one year and $40,000 for two years.

Students interested in learning more about scholarship and loan options with FUNED can learn more at www.funedmx.org.

Wellesley and Needham Town Scholarships (Residents & Graduates)

This scholarship is for students who are residents of Wellesley or Needham, Massachusetts, or who are graduates of Wellesley or Needham high schools. An additional application to the respective town's Board of Selectmen is required. For the Needham Town Scholarship, you will need to complete the application found on the town website.

Yellow Ribbon Scholarships (U.S. Veterans)

Established by the Post-9/11 GI Bill®, the Yellow Ribbon Program provides veterans with supplemental education funding, beyond the basic benefits, by matching contributions made by a participating college or university. Qualifying students at Babson will receive an annual $20,000 Yellow Ribbon Scholarship, $10,000 of which is funded by Babson and matched by $10,000 from the Veterans Administration.

Candidates should send a copy of the VA Certificate of Eligibility to Babson’s VA certifying official in Veteran Benefits at the Registrar’s Office. The limited number of scholarships are awarded on a first-come, first-served basis.

GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government website at https://www.benefits.va.gov/gibill.

MBA Need-Based Scholarships

MBA students with demonstrated financial need are eligible for several scholarships that are only open to students who are nearing completion of their program and will graduate in the year they apply. The application process takes place annually in September, with additional information provided to students from the Student Financial Services team. Below is a list of the awards typically available.

CONSIDERATION CRITERIA
Preference in selection will be given to students who will graduate this academic year and who have not previously received a merit award at the time of admission to Babson.

Other factors used to evaluate scholarship candidates will include: academic accomplishments, involvement in the graduate school community, financial need, and level of educational loan debt.