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Financing Education Abroad

Studying abroad is an investment in your future. Like any investment, it requires careful planning and management. The following information is provided to assist prospective and current study abroad applicants in planning and financing their international experience.

Cost of Education Abroad

Academic Year, Semester, and Summer Abroad Cost Structure
  • Under our home school tuition model, all students studying abroad for an academic year, semester or summer abroad are billed Babson tuition for the term they are abroad.
  • All other non-tuition costs (housing, meals, etc.) are paid by the student directly to the host program.
  • Total cost of attendance varies by program.  Please contact your Education Abroad Advisor for program specific cost information.

Electives Abroad Cost Structure
  • Tuition is billed by and paid directly to Student Financial Services.  For more information on the tuition costs, contact Student Financial Services.
  • Elective Abroad Program Fee (in some cases students are required to pay a program fee when participating in JMCFE) is billed by and paid directly to the Glavin Office. Accepted students will be required to complete, sign and submit a Program Fee Payment Agreement.
  • For detailed Elective Abroad/JMCFE program fees, please check the specific program brochure.

International Consulting Experience Cost Structure
For detailed program cost information please visit the individual course brochure page.

 

Financial Aid & Scholarships

Students currently receiving institutional and/or federal/state aid are eligible to use that aid toward their education abroad tuition and/or program fees. Students receiving financial aid are encouraged to meet with Student Financial Services counselor before committing to an education abroad program.

Education Abroad Grant
Students currently receiving institutional and/or federal/state aid may be eligible to receive a $2,000 Babson College Education Abroad Grant  to help with term abroad or elective abroad expenses (cumulative limit of $4,000). Please contact Student Financial Services or your education abroad advisor or program manager for more information.

The Gilman Scholarship
The Benjamin A. Gilman Scholarship Program is open to U.S. citizen undergraduate students who are receiving Federal Pell Grant funding to participate in study and intern abroad programs worldwide. The scholarship is sponsored by the Bureau of Educational and Cultural Affairs of the U.S. Department of State. Eligible students may apply for the scholarship. Over 2,800 scholarships of up to $5,000 are awarded annually. In the academic year of

Attend an info session about the Gilman Scholarship:
Tuesday, September 19 at 3:00 pm, Glavin Office Conference Room
Wednesday, September 27 at 2:00 PM, Reynolds 244 (Financing Abroad and Gilman info session)
Monday, October 2, at 3:00 pm, Glavin Conference Room

Other Education/Service Abroad Scholarships and Grants
There are numerous additional scholarship and grant opportunities to help fund your education abroad experience. It is up to you investigate these opportunities and determine your eligibility.

Recommended Opportunities for Education, Elective, and Service Abroad:  

BROWSE SCHOLARSHIP & GRANT OPPORTUNITIES

Financing Abroad 101
Come to a Financing Abroad information session to learn more about ways to prepare financially for your education abroad experience and to speak with a representative from the education abroad team and student financial services:
Wednesday, September 27 at 2:00 PM, Reynolds 244 (Financing Abroad and Gilman info session for *SPRING 2018 APPLICANTS*)
Friday, November 3rd at 1:30pm, Reynolds 244
Friday, December 1st at 1:30pm, Reynolds 244