Payment Options
All student account information is online only; paper bills are not mailed. Students receive billing notification via email to their Babson email address. Students may view their account online at www.babson.edu/offices/sfs or through the Babson Portal at "Financial Services"; "View Bill".
ePay
Click here to pay online. All MBA students can make an electronic payment from either a checking or savings account. Additionally, Evening MBA and Fast Track MBA students can make a credit card payment.
By mail
You can send checks and money orders to Student Financial Services. Please make payable to Babson College, and mail to Student Financial Services, P.O. Box 57310, Babson Park, MA 02457-0310.
Wire transfer
Wire transfers should be routed to Citizens Bank ABA#011500120. Please include your name, student ID#, and a brief description (i.e. "Tuition Payment"). Please have the funds credited to Babson College's account #113742-2553 and allow 3 business days for the funds to be received. The bank address is 1 Citizens Drive, Riverside, RI 02940 and you can reach Citizens Bank by phone at 1-800-708-6684. The international SWIFT Code is CTZIUS33.
In person
We accept cash, checks, and money orders in person at Student Financial Services.
Credit cards
For Evening MBA and Fast Track MBA students, Mastercard and Visa payments are accepted directly by Student Financial Services, online using ePay, over the phone, or in person. Other students may pay by credit card through Sallie Mae. Visit www.tuitionpayenroll.com/babson or call (800) 762-8370 to make a credit card payment with Mastercard, American Express or Discover. A teleprocessing fee is assessed.
Monthly payment plan
Students in the first year of the Two-Year MBA program may enroll in the 10-month TuitionPay plan through Sallie Mae, for a $55 fee, and make payments for the upcoming academic year from May through February. Enroll online at www.tuitionpayenroll.com/babson.
Students in the Evening MBA program, the One-Year MBA program, and the second year of the Two-Year MBA program may extend the semester's tuition payment over three months for a $30 fee using the TuitionPay 3 Pay Plan. Enroll online at www.tuitionpayenroll.com/babson.
Third-party payments
Students whose employers will guarantee payment direct to Babson College upon receipt of invoice and without any conditions (such as a minimum grade requirement), should submit a new purchase order or authorization to Babson in lieu of payment by each semester's payment deadline.
Extended payment plan for company-sponsored students (available to students enrolled in the Evening MBA and Fast Track MBA programs)
This plan is designed for Evening MBA and Fast Track MBA students whose companies reimburse the student directly once the course work is completed. Students can defer two-thirds of the tuition payment until after the end of the semester, provided they guarantee the extended payment amount with either Visa or Mastercard. There is a per-semester application fee of $50. Evening MBA students may enroll online through the Babson Portal and Fast Track MBA students should submit the paper form to Student Financial Services. Please note this should be done each semester.
Evening MBA students: log into the Babson Portal, in the SFS portlet, click "View Bill" and then click on the Extended Payment Plan link in the toolbox on the left.
Fast Track MBA students: log into the Babson Portal, in the Fast Track Resources portlet click on the Extended Payment Form link. Print and complete this form, then submit by fax, mail, or email.
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Managing Your Account
Setting up an eProxy
With eProxy, you can give a spouse or parent access to view your bill online and make a payment using ePay. To set up an eProxy, click here and enter in the email address and name of any person you wish to designate as a proxy. Once you set up the account, the person you designate as your proxy will receive an email with the address and password to access your student account. You can terminate an eProxy's access at any time by deleting the email address from your eProxy list.
Avoiding late payment penalties
Students who have not settled their accounts by the semester payment due date will be assessed a $200 late payment penalty. Students will also be denied course registration and add/drop privileges, and may be withdrawn from courses. While Babson recognizes that many students receive financial aid or monetary assistance from third parties, the ultimate responsibility for satisfying all financial obligations rests with the student.
Requesting a refund
A credit balance (which will appear on your student account in parentheses, as a negative number) means you have excess funds on your account. You can leave these funds on your account for the next semester, or request to have them refunded to you or another party by clicking here. Refund requests are processed by SFS after the add/drop period has ended, and after financial aid and loan funds have been disbursed onto your account. Requests received before noon on Tuesday will be available after 2pm on Thursday.
Requesting a book voucher
If you have financial aid or loans that exceed billed charges at Babson, you may request a voucher to purchase your course materials for the semester. Please request a book voucher in person at SFS.
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