Overall Rating Silver - expired
Overall Score 48.23
Liaison Asheen Phansey
Submission Date Jan. 28, 2011
Executive Letter Download

STARS v1.0

Babson College
PAE-10: Affordability and Access Programs

Status Score Responsible Party
Complete 3.00 / 3.00 Melissa Shaak
Director, Associate Dean
Student Financial Service
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Does the institution have policies and programs in place to make it accessible and affordable to low-income students?:
Yes

A brief description of the institution’s participation in federal TRIO programs:
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A brief description of the institution’s policies and programs to minimize the cost of attendance for low-income students?:

Generous financial aid packages that meet over 90% of the aggregate need of our undergraduates.


A brief description of the institution’s programs to equip the institution's faculty and staff to better serve students from low-income backgrounds:
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A brief description of the institution’s programs to prepare students from low-income backgrounds for higher education:

Babson Peer Consulting piloted in Spring 2010 with students from one of Boston's public high schools.


A brief description of the institution's scholarships for low-income students:

Enrico Dallas Scholarship: Four-year, full tuition scholarships awarded to outstanding applicants from the Dallas, TX area. Two Roger and Rosemary Enrico Dallas Scholarships are awarded each year on the basis of academic achievement, community involvement, leadership potential, and financial need. The scholarship also includes an annual $1,000 grant to help with travel to and from campus and home.

Other need-based grants and scholarships that are awarded from Babson's own funds:

Babson Level Grants - Babson is pleased to offer the Babson Level Grant, a program designed to provide families with specific information about financial aid for all four years at Babson. Babson commits to the Babson Level Grant award for four years, provided there are no major changes in a family's financial circumstances. The award amount is determined based on financial need. For incoming students in 2010-2011, the average grant from Babson was $24,000.

Alumni Scholarships - A four-year, $5,000-per-year scholarship program sponsored by a successful alumna, alumnus, or alumni group. Babson College is fortunate to have the support of many generous alumni donors who understand the importance of assisting today’s students. Alumni Scholars are selected on the basis of merit and financial need, and are given opportunities to network with the scholarship sponsors.

The Arthur M. Blank Scholarships – A four-year, $7,000-per-year scholarship program awarded on the basis of entrepreneurial potential, academic achievement, and financial need. A separate 500-word essay about your interest in entrepreneurship is required. Please label your essay “The Arthur M. Blank Scholarship Application Essay,” and submit it to Babson College with your application for admission.

Sorenson Arts Scholarships – A four-year, $5,000-per-year scholarship awarded on the basis of artistic ability, potential for combining artistic endeavors with a management education, academic achievement, and financial need. A separate 500-word essay describing your ideas about pursuing artistic interests in conjunction with a management education is required. Please label your essay "The Sorenson Arts Scholarship Application Essay,” and submit it to Babson College with your application for admission.


A brief description of the institution’s programs to guide parents of low-income students through the higher education experience:
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A brief description of the institution’s targeted outreach to recruit students from low-income backgrounds:

In Dallas for the Enrico Dallas Scholarship, and in New York City Public Schools in partnership with the Posse Foundation.


A brief description of the institution’s other admissions policies and programs:
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A brief description of the institution’s other financial aid polices or programs:
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A brief description of the institution’s other policies and programs not covered above:
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The website URL where information about programs in each of the areas listed above is available:

The information presented here is self-reported. While AASHE staff review portions of all STARS reports and institutions are welcome to seek additional forms of review, the data in STARS reports are not verified by AASHE. If you believe any of this information is erroneous or inconsistent with credit criteria, please review the process for inquiring about the information reported by an institution and complete the Data Inquiry Form.