Understanding the Cost of Attendance at Babson College
Babson College aims to make the transition to college as smooth as possible for students and their families. Undergraduate tuition, housing, and food/meal plan rates are set annually by Babson College’s Board of Trustees. This article provides a detailed breakdown of the costs associated with attending Babson College, including tuition, fees, financial aid options, and other expenses.
Determining Your Net Price
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. To estimate how much need-based financial aid you may be eligible to receive, Babson offers interactive calculators.
Projected Costs vs. Actual Costs
This year at Babson College, it is projected that on average students will pay $33,020, while the advertised price of attendance is $84,407. That’s a difference of $51,386. The sticker price is the advertised price of the school.
Historical Net Price Trends
Looking at historical data can provide valuable insights into the trends in net price and sticker price at Babson College.
| Year | Net In-State Price | In-State Sticker Price |
|---|---|---|
| 25-26 | $33,020 | $84,407 |
| 24-25 | $32,186 | $82,272 |
| 23-24 | $31,372 | $80,192 |
| 22-23 | $30,220 | $77,248 |
| 21-22 | $28,400 | $76,360 |
| 20-21 | $29,105 | $74,902 |
| 19-20 | $31,559 | $72,378 |
| 18-19 | $28,325 | $70,378 |
| 17-18 | $29,587 | $68,432 |
| 16-17 | $29,847 | $66,564 |
| 15-16 | $27,453 | $64,612 |
| 14-15 | $27,597 | $62,440 |
| 13-14 | $27,437 | $60,504 |
Net Price by Income Bracket
How much a student actually pays usually depends, at least in part, on their family's household income. At Babson College this year, we project students with incomes over $110K will pay around $64,123, while students with incomes between $30K and $48K will pay around $15,701. That's a difference of $48,423.
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| Income Bracket | Projected Net Price |
|---|---|
| <$30K | $23,241 |
| $30K-$48K | $15,701 |
| $48K-$75K | $23,956 |
| $75K-$110K | $38,662 |
| >$110K | $64,123 |
Components of the Cost of Attendance
To fully understand the financial commitment, it's essential to break down the various components that make up the cost of attendance.
Tuition and Fees
Avg. Babson College's tuition is $58,560. Compared with the national average cost of tuition of $47,097, Babson College is more expensive. These figures include both tuition and fees, also referred to as the sticker price. Fees differ by institution and may fund library services, student gym facilities, student centers, technology resources and campus health centers. Out-of-state tuition $54,944.
Other Costs
As you’re comparing costs of different institutions, also consider the total cost and the net price. The total cost is the sticker price, plus the cost of food and housing, books and supplies, and transportation and personal expenses. At Babson College, the total cost is $83,126.
- Books and Supplies: $1,300 per year
- Personal Expenses: $2,100 per year
- Transportation: $1,025 per year
Miscellaneous Charges
Financial situations and payment needs beyond the standard items may arise. There is a specific payment deadline for each semester. Below is a cost breakdown of some of the most common miscellaneous examples. Other miscellaneous charges may include course material fees, vehicle registration, parking violations, dorm damage fees, library fines, laptop repairs, pharmacy charges, and replacement athletic equipment.
Health Insurance
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.
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Financial Aid Opportunities
Babson College met 96% of its students’ financial aid need. Financial aid can include grants, loans, scholarships and work-study jobs. Financial aid packages vary depending on your financial need. Most colleges determine financial need based on your FAFSA. Read below to learn more about the types of aid available.
Types of Aid Available
- Grants: Grants can be given out by the federal government, your state, or the college and are based on your financial need. Grants do not need to be repaid. % of undergraduates that receive Pell grants 15%.
- Scholarships: Scholarships are a type of funding that you don’t need to pay back. Scholarships are awarded based on your your financial need or academic achievements. They do not need to be repaid but you may have to reapply for them each year. Need-based scholarships take a student’s financial status into account. Merit-based scholarships are awarded to students for academic or athletic achievement. You might also qualify for a scholarship based on your community service involvement, unique hobbies or traits, your personal background, or a parent’s employer or military affiliation. Some students receive enough in scholarship money to cover their tuition and living expenses. See the types of scholarships and grants available at Babson College below.
- Student Loans: Student loans are sums of money given to students to help them pay for college now. You must pay this money back later with interest. % of full-time first-time undergraduates awarded federal student loans 29%.
- Work-Study Programs: Jobs Working while in school can help lessen the burden of your student loans. Schools offer work-study programs to those who qualify and campus jobs to students looking to earn money in their free time. Some institutions match students with work-study positions, while others require them apply to the positions, like they would for any other job. Begin your job search by checking whether your college has in-person or online job boards.
Key Financial Aid Statistics
- Students Receiving Financial Aid: 34.34%
- Freshmen With Need and Received Financial Aid: 98.13%
- Average Aid Packages Awarded: $55,844
- Average Need-Based Scholarship or Grant Award: $48,336
- Need-Based Loan Amount: $3,960
- Non-Need-Based Aid: $23,886
- Average Need-Based Scholarship or Grant Award (First-year Students)
- Institution is G.I. Bill certified: Yes
- Institution participates in Yellow Ribbon Program: Yes
- Types of need-based scholarships/grants available
Important Financial Aid Dates
- Application Due: Feb 1 The last day to apply for financial aid or turn in related paperwork.
- Priority Application Due: Not available Applications received prior to this date will be given the strongest consideration. Still apply for financial aid if you don’t make this due date.
- Notification Date: Apr 1 When students receive a letter with the amount and types of aid the college is offering.
- Response Due: Not available The deadline for students to respond to the college’s aid offer.
Next Steps
Financial Aid Office Phone NumberNote: College profiles are based primarily on information supplied by the colleges themselves through participation in College Board's BigFuture College Profiles higher education data collection portal, with some data provided via federal and state agencies.
Student Loan Debt at Babson College
How much student loan debt you accumulate can affect your financial life long after college ends. Ideally, your total student loan debt should fall below your anticipated starting salary once you graduate.
Debt Statistics
- Average Total Indebtedness of 2024 Graduating Class: $39,138
- Graduating students who have borrowed (any loan type, 2024): 35%
- Graduating students who have borrowed (state loans, 2024)
- Graduating students who have borrowed (private loans, 2024)
- At Babson College, the median federal loan debt among borrowers who completed their undergraduate degree is $20,000.
- The median monthly federal loan payment (if it were repaid over 10 years at 5.05% interest) for student federal loan borrowers who graduated is $212.
- Additionally, 10% of graduating students at Babson College took out private loans. Students with private loans had an average of $77,052 in private loan debt at graduation.
Additional Factors to Consider
Beyond the direct costs, several other factors can influence the overall value and affordability of a Babson College education.
Graduation Rates
A school’s graduation rate can indicate how likely a student is to complete their degree. At Babson College, over the last five years 93% of students earned their bachelor’s degree within six years of enrolling. 93% overall grad rate Nat’l average.
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Graduation Rates by Demographic
Students from different demographic backgrounds often graduate at different rates, so it can be helpful to look beyond the overall graduation rate. This chart shows how students of different races and ethnicities fare earning their degrees at Babson College.
| Demographic Category | Graduation Rate at Babson College | National Average |
|---|---|---|
| American Indian/Alaska Native | 100% | 31% |
| Asian | 92% | 45% |
| Black | 93% | 34% |
| Hispanic | 94% | 41% |
| Native Hawaiian/Pacific Islander | 100% | 28% |
| White | 93% | 50% |
| Multiple races | 95% | 37% |
| Unknown race | 91% | 37% |
Student Demographics
The size and demographic makeup of a school’s student body can have a large impact on a student’s experience. Babson College is a small, private institution located in Wellesley, ma. Founded in 1919, Babson College offers undergraduate degrees in 8 majors.
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