Tuition and Payment for Undergraduates
Tuition, Room & Board 2008-2009 Rates: | Tuition* | $36,096 |
| Room (average double) | $7,756 |
| Platinum Meal Plan | $4,264 |
| Total Direct Costs | $48,116 |
*Tuition may vary for approved credit load adjustments; includes the use of a laptop computer.Payment Deadlines | Fall 2008 Payment Deadline: | Tuesday, August 5, 2008 |
| Spring 2009 Payment Deadline: | Wednesday, January 6, 2009 |
Other Expenses2008-2009 Rates: | Health Insurance | $1,073 |
| Books and Supplies (average) | $1,000 |
| Personal (average) | $1,750 |
Full-time students are required by Massachusetts law to carry health insurance. To view the Babson sponsored health insurance brochure, to waive or enroll in the University Health Plan, log into the Babson Portal, go to 'View My Bill' and click on the University Health Plan link in the toolbox. You must do this by the fall semester payment deadline each year.Miscellaneous Expenses | Per credit rate for 2008-2009
(for approved variances from flat rate tuition) | $1,128/credit |
| Summer 2008 tuition | $1,066/credit |
| Summer 2008 room | $1,394/session |
| Returned check fee | $50 |
| Late payment fee | $200 |
| Babson OneCard replacement | $10 |
| Senior year deposit* | $200 |
*Refunded after commencement assuming account is settled.
Other miscellaneous charges may include: vehicle registration, parking violations, dorm damage fees, library fines, laptop repairs, pharmacy charges, replacement athletic equipment.
Payment Deadlines for Miscellaneous Charges: | Fall | October 15 |
| Spring | March 15 |
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Payment Options
ePay
Click here to pay online. Undergraduates can make an electronic payment from either a checking or savings account.
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
Sallie Mae accepts Mastercard, American Express and Discover through the TuitionPay Express Plan. Visit www.tuitionpayenroll.com/babson or call (800) 762-8370 to make a credit card payment. A teleprocessing fee is assessed.
Monthly Payment Plan
Salle Mae's TuitionPay Plan allows families to spread the academic year costs over a 10-month period, beginning in May and continuing through February. The annual application fee is $55. There is also a 3-month plan for spring semester, with payments beginning in January and continuing through March. The fee for the spring semester plan is $35. You can enroll online at .
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Managing Your Account
Setting up an eProxy
With eProxy, you can give a parent or guardian access to view your bill online. To set up an eProxy, click and enter in the email address and name of any person you wish to designate as a proxy. The person you designate as your proxy will receive an email with the address and password to view your account online. 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 charged a $200 late fee, denied course registration and add/drop privileges, and may be withdrawn from courses and lose college housing for the period of the housing contract. 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.
Changing your meal plan
You may change your meal plan online through the end of the add/drop period by clicking . After the end of the add/drop period, you may increase your meal plan online through portal. No decreases are accepted after the end of the add/drop period.
2008-2009 Rates: | Platinum Plan | $2,132 per semester |
| Gold Plan | $1,993 per semester |
| Silver Plan | $1,821 per semester |
The meal plan is required for all students who live in a residence hall; however, meal plan exemptions may be granted to those students with unique circumstances, like a religious dietary observance or documented medical conditions. For meal plan exemptions, click here.
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 . 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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FAQs
Q. If I am approved to take a course overload or take less than a full course load, how will my tuition be calculated?
A. Variances from flat rate tuition are calculated on a per credit basis. The office of Academic Services will determine the number of credits, and the per credit rate is listed above under miscellaneous expenses.
