by our College Data Analytics TeamWondering what the G.I. Bill® actually covers at Babson College? GI Bill® benefits are limited and differ by school, so the specifics matter.
The table below compares the guaranteed Post-9/11 tuition benefit to the cost of attending Babson College. See the living-expense and book sections below for those benefits.
| Item | Amount |
|---|---|
| Veteran tuition & fees | $56,032 |
| Guaranteed Post-9/11 tuition benefit | $20,235 |
| Tuition out of pocket | $35,797 |
The Post-9/11 GI Bill® caps the annual tuition benefit (about $20,235), so the tuition above that is a gap veterans must cover through Yellow Ribbon, savings, or other aid at Babson College.
Through the Yellow Ribbon Program, Babson College and the VA share the cost of tuition above the Post-9/11 cap. In the most recent year, about 13 students received Yellow Ribbon awards at this school.
Available Yellow Ribbon seats and maximum contributions differ by program and degree level — check with the veteran services office for current limits.
Active-duty service members using DoD Tuition Assistance are capped at $250 per credit hour. The chart below shows whether the per-credit charge at Babson College falls under that cap.
| Residency | Per-credit charge | Below $250 cap? |
|---|---|---|
| In-state | $0 |  |
| Out-of-state | $0 | |
The Post-9/11 GI Bill® also covers housing through a Monthly Housing Allowance (MHA). Below, the academic-year housing benefit is set against the estimated living costs at Babson College.
| Item | Amount |
|---|---|
| Estimated living expenses (room & board, academic year) | $20,786 |
| Post-9/11 monthly housing allowance (MHA) | $4,755/mo |
| Housing benefit (academic year, ~8 months) | $38,040 |
| Estimated surplus in your pocket | $17,254 |
The benefit generally more than covers off-campus living costs here. The MHA is based on the school’s ZIP code and is paid at the full-time rate for resident students.
With a Post-9/11 book stipend of up to $1,000 per year, the estimated $1,292 in supply costs at Babson College, leaving about $292 out of pocket.
These figures show the GI Bill® and DoD Tuition Assistance dollars veterans and service members actually used at Babson College.
Roughly 25 veterans received Post-9/11 GI Bill® tuition payments of $549,138.
| Benefit | Recipients | Total disbursed | Average / recipient |
|---|---|---|---|
| GI Bill® (all students) | 26 | $646,932 | $24,882 |
| GI Bill® — undergraduate | 7 | $170,856 | — |
| GI Bill® — graduate | 19 | $476,076 | — |
| DoD Tuition Assistance (all) | 0 | $0 | — |
| DoD TA — undergraduate | 0 | $0 | — |
| DoD TA — graduate | 0 | $0 | — |
GI Bill® dollars are paid on the veterans behalf, while DoD Tuition Assistance supports active-duty service members.
References
More about our data sources and methodologies.
GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government website at benefits.va.gov/gibill.