Babson College
PAE-10: Affordability and Access Programs

Babson is not currently a TRIO program participant.

We award $27 million annually in undergraduate grants and scholarships, and with generous financial aid packages we are able to meet over 90% of the aggregate financial need of our undergraduate students. In the past five years we have seen a substantial increase in the number of students from lower income backgrounds, as indicated by the number of Federal Pell Grant recipients in our student body; 11.5% of undergraduate students were Pell recipients in the 2006-07 academic year; by 2010-11 that had risen to 17.8% of undergraduate students. We are pleased that our financial aid packages enable low-income students to enroll and be successful at Babson.

One of Babson’s core values is diversity, including socioeconomic diversity, and faculty and staff are actively encouraged to support students from a wide range of backgrounds and life circumstances. This extends throughout our curricular and co-curricular programs, and also to the residence halls through our Resident Assistant staff.

There is a wide array of programs and services available to students at Babson, and our close-knit community helps to prevent students from falling through any cracks. In the First Year Seminar (FYS), groups of approximately 20 students are each paired with a faculty-administrator-peer mentor team, covering a series of topics to help ensure a successful transition to college. In addition, students have access to free tutoring resources for quantitative skills, verbal skills, and written communication skills through the Mathematics Resource Center, Speech Resource Center, and Writing Center. Recently, we have instituted the Sparks Tutoring Program, where students in selected courses also can receive free tutoring.

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, the average grant from Babson is $27,000, and individual award amounts range from $1,000 per year to $46,000 per year depending on the student’s level of financial need. Enrico Dallas Scholarships - Four-year, full tuition scholarships awarded to outstanding applicants from the Dallas, TX area. The 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. 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. George I. Alden Scholarships – Alden Scholarships are awarded to students transferring to Babson from Massachusetts Community Colleges. Award amounts vary depending on the student’s level of financial need.

The counselors in Student Financial Services have extensive contact with parents, including by phone, email, and in person. We take great care to do individual outreach to students/parents who might need extra assistance completing the financial aid application requirements. More generally, the college hosts parent orientation and other programs, a parent e-newsletter, and various communications from the President’s Office to parents.

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