We are pleased to have you as part of the Babson community and are happy to serve you! We have listed here the information that we think is of particular interest to parents and guardians. Please call or e-mail with any questions, or if you would like to set up an appointment with a Student Financial Services counselor.

eProxy

With eProxy, your son or daughter can authorize you to view the student account online and to make electronic payments. eProxies will receive an email with a password to access the student's information. We are excited to be able to offer this new online service. Remember, though, that because student records are protected under the Federal Family Educational Rights and Privacy Act, it is the student's choice to give the eProxy authorization.

Parent Loans

We currently recommend the following parent loans, but you are in no way limited to these options. Loan recommendations for 2008-2009 will be available in April 2008.

MEFA Loan
www.mefa.org

• MEFA loans are offered to parents of Babson students through the Massachusetts Educational Financing Authority.
• The loan program, designed especially for middle-income families, has attractive fixed and variable interest rate options. For 2007-2008, the fixed interest rate for a loan with immediate repayment is 6.39 percent or 6.89 percent for deffered repayment. 
• Repayment extends up to 20 years.
• For more information, call MEFA at (800) 449-6332, or visit the MEFA website.

PLUS Loan

• The Federal PLUS loan is available through most commercial lenders.
• Effective for loans processed after July 1, 2006 the interest rate is fixed at 8.5 percent.
• The repayment period extends up to 10 years.