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
