The Babson Grant is awarded to students based on their financial needs as determined by a standard need-analysis methodology. The award amount is committed for four years, provided there are no major changes in the family's financial circumstances or the student's enrollment status. Students who receive the Babson Grant are eligible for a Merit Step of $1,500 each year after a cumulative GPA of 3.2 or better is achieved. Please visit the scholarship's website for more information about the scholarship. Please visit the financial aid page for more information about the application process.