Transfer Students
Financial Aid Eligibility
Financial aid eligibility is based on the difference between the estimated student budget (tuition, room and board, fees, books and personal expenses, travel expenses) and the expected family contribution (FC), which includes both parent and student contributions.
Student Budget
- Family Contribution
Financial Aid Eligibility
Determining the Family Contribution (FC)
The family contribution is comprised of a parental contribution and a student contribution. Mount Holyoke uses standard federal and institutional formulas to determine the family contribution.
When calculating the parental contribution, the College considers such factors as total parent income (including taxable and untaxed income), parental assets, number of dependents in the household, and number of dependent children attending undergraduate institutions.
The student contribution is determined from an assessment of student income and assets, including trusts. The College follows federal policy and includes 20 percent of total student assets as part of the student contribution. A minimum student contribution of $3300 is expected from each student.
Funding Limitations
Institutional funding for transfer students is limited based on the total number of credits accepted for transfer at any point. Credits transferred to the College due to a semester or year of study abroad or academic leave will count toward the semester limit, whether or not financial aid from the College was provided for these credits. The ranges of transfer credits which determine aid eligibility remaining are listed below. Students should plan their course of study with this eligibility in mind.
| Credits Transferred | Semesters of Aid Eligibility Remaining |
|---|---|
| 12 - 27 | 7 semesters of institutional aid |
| 28 - 43 | 6 semesters of institutional aid |
| 44 - 59 | 5 semesters of institutional aid |
| 60 - 64 | 4 semesters of institutional aid |