MHC Global International Loan

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Student Financial Services grants Mount Holyoke College Global Loans to International students as part of the financial aid process. Global Loans are not awarded to supplement a financial aid package. The loans are administered by Mount Holyoke College through ACS Education Services.

The applicable interest rate for the Global Loan is 8.0% fixed. There is a six-month grace period between graduation and repayment. During any period of re enrollment, a deferment is available. Other deferment options can be discussed with ACS Education Services.

Beginning in 2006-2007, the Master Promissory Note (MPN) was implemented.  The MPN is a multi-year promissory note for students awarded the Mount Holyoke College Global Loan.  A student signs this MPN only once at the time she first borrows this loan.  In subsequent years, she may borrow additional loans as awarded based on the originally signed MPN.  Students will need a social security number and their birthdate to sign their MPN online.

Students will be contacted by email when the Master Promissory Note is ready for completion. If a student will be attending a Study Abroad Program, she should sign all loan documents before leaving the country.

General loan questions can be submitted via email to Student Financial Services. Mount Holyoke College Loan borrowers who have routine billing questions should contact ACS at (630) 620-2700. A loan borrower can also download forms, make payments and check an account online through ACS.