Babson College did not increase tuition fees for the 2022-23 school year, as revealed in the most recent report, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the four-year private nonprofit Babson College paid $54,944 for tuition during both the 2021-22 and 2022-23 academic years.
Approximately 14% of the undergraduate student body at Babson College are Massachusetts residents, while about 59% come from other states and 24% are international students.
In the 2022-23 academic year, 45% of full-time undergraduates who began studies at Babson College received some form of student financial aid. Specifically, 237 students were awarded grants or scholarships totaling $11.1 million, and 188 students borrowed over $2 million in student loans.
Overall, 1,081 undergraduates benefited from grants or scholarships amounting to $49 million. Additionally, 718 students took out federal student loans totaling $3.7 million.
Undergraduate education costs have seen a significant increase over the past few decades. Data shows a 169% rise in the average total cost, including tuition, fees, room, and board, between 1980 and 2020.
According to a 2023 College Board report, in-state students at public universities paid an average of $11,260, while out-of-state students paid $29,150 in the 2023-24 academic year.
Meanwhile, student loan debt has steadily increased over the last 30 years, reaching $1.75 trillion in 2024, averaging a total of $28,950 per borrower. Federal loans make up 92% of the debt, with over half of students at both public and private four-year colleges graduating with student loans.
Available data sometimes exceeds 100% due to rounding and administrative calculations.
The following data includes only full-time students who began an undergraduate program at the Babson College in the 2022-23 school year.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 90 | 14% | $551,128 | $6,124 |
| State / local grant or scholarship | 15 | 2% | $57,500 | $3,833 |
| Institutional grants or scholarships | 233 | 36% | $10.5 million | $45,223 |
| Grant or scholarship aid total | 237 | 36% | $11.1 million | $47,028 |
| Federal student loans | 175 | 27% | $723,138 | $4,132 |
| Other student loans | 43 | 7% | $1.3 million | $30,505 |
| Student loan aid | 188 | 29% | $2 million | $10,824 |
| Total student aid | 293 | 45% | $13.2 million | $44,984 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
