Financial Aid

Colleges and Universities A-Z Babson College
1

<p>Hi, I just checked my Babson Financial Aid package and they awarded me about $51,000.</p>

<p>Babson Level Grant $37,000.00 Accepted
Federal Direct Subsidized Stafford Loan $3,500.00 Accepted
Federal Pell Grant $5,550.00 Accepted
Federal Perkins Loan $2,000.00 Accepted
Federal SEOG $1,000.00 Accepted
Federal Work Study $2,200.00 Accepted</p>

<p>Now I have no idea what these numbers mean so what do you guys think of this? My EFC for my FAFSA was 00000. Also if possible can anyone tell me about how much I should be expected to pay? Thanks.</p>

2

<p>Wow… I got 7700 in loans and work study.</p>

<p>Anyways, that means you have 37,000 of free money from Babson directly, 5,550 free money from the federal government, and as for the loans those will have different interest rates and will have to be paid back. Work study is self explanatory.</p>

<p>Basically you are not paying much at all when you enter. You’ll only have to pay the loans back after graduation.</p>