Board Approves No Increase in Babson College Tuition

Listen

The Babson College Board of Trustees, at the recommendation of the College’s leadership team, has approved a 0% tuition increase for the 2022–2023 academic year for both undergraduate and graduate students.

The announcement marks the third consecutive year that graduate tuition has not increased, and it is the first time in more than 25 years that undergraduate tuition has not increased. Undergraduate tuition will remain at $54,944.

“Unprecedented and significant endowment increases, along with the generosity of our alumni and strategic fiscal management, have created a unique opportunity to reinvest in our community,” Babson President Stephen Spinelli Jr. MBA’92, PhD wrote in a letter to students. “Recognizing the impacts of COVID-19 and an historically high inflationary environment, we have taken the opportunity to ease the tuition burden on our students and families. Babson continues to be in high demand with record-breaking application numbers. We remain committed to making a Babson education accessible for all students, families, and aspiring entrepreneurial leaders.”

For undergraduate students, the overall increase for 2022–2023 when including adjustments to housing and dining is 1.1%, the lowest in 35 years. Housing and dining costs will vary based on room type and meal plan.

In addition to a 0% tuition increase, $48 million in undergraduate grants and scholarships will be awarded for 2022–2023, primarily dedicated to students with demonstrated financial need.

Posted in Babson Briefs

More from Babson Briefs »

Latest Stories

Warren Buffett
Buffett Retires: Babson Professors Highlight Lessons from a Historic Transition Warren Buffett’s retirement is more than a milestone, Babson thought leaders say. It’s also a masterclass in thoughtful succession and cultural continuity.
By
Hillary Chabot
Writer
Hillary Chabot
Hillary Chabot is a writer for Babson Thought & Action and Babson Magazine. An award-winning journalist, she is known for her insightful reporting and dedication to detailed storytelling. With a career spanning over two decades, she has covered a wide range of topics, from presidential campaigns and government policy to neighborhood issues and investigative series. As a reporter for The Boston Herald, Hillary earned a reputation for tenacity and integrity. Her work at Babson College fuels her passions—to learn something new every day and conduct thoughtful, empathic interviews. She’s thrilled to be at Babson College, where students, faculty, staff members and classes provide compelling copy daily.
May 30, 2025

Posted in Community, Insights

Zainabou Thiam ’28 sits at a table selling products to waiting customers
Paying Homage to One’s Ancestors Through Entrepreneurship Zainabou Thiam ’28 was raised in the values of Senegal. With the help of Babson, she’s growing her venture, Sunu Body, an African-inspired skin care and wellness brand.
By
John Crawford
Senior Journalist
John Crawford
A writer for Babson Thought & Action and the Babson Magazine, John Crawford has been telling the College’s entrepreneurial story for more than 15 years. Assignments for Babson have taken him from Rwanda to El Salvador, from the sweet-smelling factory of a Pennsylvania candy maker, to the stately Atlanta headquarters of an NFL owner, to the bustling office of a New York City fashion designer. Beyond his work for Babson, he has written articles and essays for The Philadelphia Inquirer, Notre Dame Magazine, The Good Men Project, and other publications. He can be found on Twitter, @crawfordwriter, where he tweets about climate change.
May 29, 2025

Posted in Entrepreneurial Leadership

The champion tennis players pose for a photo with their trophies alongside their coaches
Repeat Champs: Babson’s Doubles Team Nets Second Tennis National Title Olivia Soffer ’25 and Matia Cristiani ’26 captured their second consecutive NCAA Division III doubles national championship in women’s tennis.
By
May 28, 2025

Posted in Community