TUITION, PAYMENT POLICIES AND FINANCING OPTIONS BABSON MBA BLENDED LEARNING PROGRAM / SPRING 2015 TUITION AND OTHER EXPENSES The total tuition for the Blended Learning Program will be approximately $79,200. Tuition is charged on a per-credit basis, and rates are set annually by Babson College’s Board of Trustees. C os t p er credi t Tu i t i on StartUp Foundations and Core 1 C ou rs e( s ) # of credi t s 5 Spring 2015 $ 1,671 $ 8,3 55 March 10, 2015 Cores 2 and 3 7 Summer 2015 $ 1,671 $ 11,697 May 12, 2015 Core 4 and SLE 4 Fall First Session 2015 $ 1,729* $ 6,916* August 25, 2015 Core 5 4 Fall Second Session 2015 $ 1,729* $ 6,916* August 25, 2015 8 Spring 2016 $ 1,729* $ 13 ,83 2* January 12, 2016 Summer 2016 $ 1,729* $ 20,748* May 10, 2016 Fall 2016 $ 1,790* $ 10,740* August 3 0, 2016 Cores 6 and 7 Elective Sets I and II 12 Capstone 6 Total Term 46 P ay m en t deadli ne $ 7 9 ,2 0 4 * *Tentative tuition rate The cost of books and other course materials is separate and estimated at $3,000 for the full program. Students also are responsible for their travel arrangements and expenses. BILLING AND PAYMENT Student account information and balances due are available online to enrolled students via the Babson Hub at hub.babson.edu under Student Financial Services. Use the Babson Hub to view your account, view your financial aid status, and make payments online. Students are notified of upcoming payment deadlines by email only; no hard-copy bills are sent. The following payment options are available to Blended Learning Program students: EPAY Blended Learning students can make electronic payments at the Babson Hub (hub.babson.edu) using MasterCard, Visa, AmEx, or Discover credit cards, from a checking or savings account, or by wire. BY MAIL You can send checks and money orders to Student Financial Services (SFS). Please make checks payable to Babson College, and mail to Student Financial Services, P.O. Box 57310, Babson Park, MA 02457-0310. Checks must be drawn in U.S. dollars on a U.S. bank. IN PERSON We accept cash, checks, and money orders in person at Student Financial Services, third floor, Hollister. For Blended Learning students, credit card payments also are accepted directly in person or by phone in SFS. EXTENDED PAYMENT PLAN FOR COMPANY-SPONSORED STUDENTS If your company pays tuition reimbursement benefits directly to you, you may defer two-thirds of the tuition payment until after the end of the semester with the Extended Payment Plan for Company- Sponsored Students. An enrollment fee of $50 and the first one-third of the tuition must be submitted by the payment deadline each semester. COMPANY PURCHASE ORDER OR AUTHORIZATION If your company will guarantee payment directly to Babson College, you should arrange to get a company purchase order or letter of credit and submit it to Student Financial Services. You must submit a new purchase order or authorization from your employer each semester. Dates and amounts are subject to change. Last updated 10/8/2014. TUITION, PAYMENT POLICIES AND FINANCING OPTIONS / BABSON MBA BLENDED LEARNING PROGRAM / SPRING 2015 FEES AND LATE PAYMENT PENALTIES While the F.W. Olin Graduate School of Business recognizes that many students receive financial aid or monetary assistance from third parties, the ultimate responsibility for satisfying all financial obligations rests with the student. Please note that failure to receive notification of a payment deadline does not eliminate payment obligations or prevent the assessment of late payment penalties. A $50 fee will be charged for a returned check or electronic payment. A $200 late payment fee will be charged to any student who has not met the semester payment deadline. Students who wish to appeal a late payment penalty should email [email protected]. Please see the Graduate Student Handbook for additional information about account holds and fees on accounts referred for collection. REFUNDS OF CREDIT BALANCES Students who wish to have a credit balance refunded to them should submit a refund request online via the Babson Hub, under Student Financial Services and Request a Refund. Starting at the end of the Add/Drop period, requests for credit balance refunds received by Tuesday at noon generally will be refunded by Thursday at 2 p.m. FINANCING OPTIONS As a Blended Learning Program student, you have a number of loan options that can be used to finance any portion of your educational costs, including travel and living expenses. Federal Direct Loan Program—U.S. citizens and permanent residents may apply by submitting the Free Application for Federal Student Aid (FAFSA) online at www.fafsa.gov. You may qualify for three academic years of funding; FAFSAs must be submitted as outlined below. Students who borrow the maximum will have loan disbursements scheduled as follows: Tui t i on F A F SA t o C omp l et e A p p roxi mat e F ederal D i rect L oan D i s b u rs em en t Tu i t i on L es s F ederal D i rect L oan D i s b u rs em en t Spring 2015 $ 8,3 55 2014-2015 $ 6,761 $ 1,594 Summer 2015 $ 11,697 $ 6,760 $ 4,93 7 Fall First Session 2015 $ 6,916* $ 6,760 $ 156 Term Fall Second Session 2015 $ 6,916* Spring 2016 $ 13 ,83 2* Summer 2016 $ 20,748* Fall 2016 $ 10,740* Total $ 7 9 ,2 0 4 * 2015-2016 2016-2017 $ 6,761 $ 155 $ 6,760 $ 7,072 $ 6,760 $ 13 ,988 $ 20,281 ($ 9,541) $ 6 0 ,8 4 3 $ 1 8 ,3 6 1 * Tentative tuition rate. Federal Direct Loan maximum is $20,500 per academic year. Model assumes 1.072% in loan fees. Federal Direct Graduate PLUS Loan—U.S. citizens and permanent residents may apply by completing the Graduate PLUS application at www.studentloans.gov. Private education loan recommendations are available at: www.elmselect.com. Please note that you are in no way limited to these loans or lenders. Babson will process a loan from any lender, and it is your right to apply for loans through the lender of your choice. Babson’s Student Financial Services counselors will be happy to advise you about these financing options. FOR MORE INFORMATION Student Financial Services Babson College Phone: 781-239-4219 Fax: 781-239-5510 Email: [email protected] www.babson.edu/gradaid Dates and amounts are subject to change. Last updated 10/8/2014.
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