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

Andrew “Zach” Zacharakis applauds while sitting at a table during a BCERC dinner
Honoring Andrew ‘Zach’ Zacharakis for 20 Years as BCERC Director As the 45th annual entrepreneurship research conference returns to Babson’s campus, BCERC pays tribute to Professor Andrew “Zach” Zacharakis for two decades of service. Zacharakis shares reflections of BCERC and its impact.
By
Eric Beato
Editor / Writer
Eric Beato
Eric Beato is the Editor of Babson Thought & Action and Babson Magazine. A native of Chicago and a graduate of the University of Missouri School of Journalism, Eric has worked as an editor and writer at newspapers across the country, including the Chicago Sun-Times and Boston Herald. Eric joined Babson College in 2019 after working as the communications director for a private educational travel company and as the managing editor of six regional sports publications.
June 16, 2025

Posted in Community, Entrepreneurial Leadership

Public safety dog surrounded by students.
It’s All in the Name: Hero the Dog Brings Safety and Smiles to Babson Trained by the state police, Babson’s newest Public Safety dog comes with unique skills to boost campus safety and community engagement.
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.
June 12, 2025

Posted in Community

Runners pose for a photo on a rainy day at Babson
The 10K for Babson: A Rainy Run and a New Fundraising Record  Those running and walking in the 10K for Babson faced soggy conditions, but the annual event raised the most money in its history for the Melissa Shaak Student Emergency Fund.
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.
June 11, 2025

Posted in Community