In February, the Board of Trustees approved an increase in tuition for 2020-21. While the additional costs that are required to provide for a safe return to campus far exceed the proposed annual increase in tuition, we acknowledge the many disruptions and constraints that the pandemic imposes on campus life and activities, as well as the challenging economic circumstances that our students and their families are facing. We will, therefore, offer a tuition credit of 4.5% (or $2,448) on the 2020-2021 Mount Holyoke undergraduate tuition rate. Tuition is the same for all students, whether they participate in-person or remotely: it reflects the instruction, academic credit and other academic and non-academic services that are available to all enrolling students.
As the fall semester will be a slightly shorter (by one week) period in residence, students who will be in residence on campus will see a reduced charge on their bill. Students who are not resident on campus will not be charged for room and board.
In an effort to provide additional support to our aided students, we have also adopted the following measures:
- The minimum student contribution has been reduced by 50% to $1,374 for the year.
- Work study for all remote students will be replaced by grant aid for the period they are not living on campus.
We acknowledge the many disruptions and constraints the pandemic imposes on campus life and activities, as well as the challenging economic circumstances our students and their families are facing. We encourage all students and families to review our FAQs, visit the SFS website and contact us with questions, concerns and to discuss individual circumstances and options.
More information is available in the Financial Matters section of the FAQ page.
Mount Holyoke College signed and returned to the Department of Education on June 9, 2020, the Certification and Agreement with intention to use no less than 50 percent of the funds received under Section 18004(a)(1) of the CARES Act to provide Emergency Financial Aid Grants to students. Mount Holyoke College was awarded its CARES ACT HEERF Student Allocation on June 18, 2020.
Mount Holyoke College signed and returned to the Department of Education on June 8, 2020, the Certification and Agreement for the Institutional Portion of the HEERF in acknowledgment that the funds shall be used solely for purposes authorized in Section 18004(c) of the CARES Act. Mount Holyoke College was awarded its CARES ACT HEERF Institutional Portion on June 9, 2020.
Mount Holyoke College received $794,402 from the Department of Education pursuant to the Institutions Certificate and Agreement for Emergency Financial Aid to Students.
Mount Holyoke College received $794,401 from the Department of Education pursuant to the Institutions Certificate and Agreement for Emergency Financial Aid to the Institution.
The total amount of funds that Mount Holyoke College has received from the Department of Education is $1,588,803.
The total amount of Emergency Financial Aid Grants distributed to students under Section 18004(a)(1) of the CARES ACT is: $707,800 as of July 7, 2020.
In 2019-20, 1333 students at the College submitted the Free Application for Federal Student Aid (FAFSA). We estimate another 396 students were eligible to do so. Approximately 1729 students were therefore eligible to receive Emergency Financial Aid Grants to students under Section 18004(a)(1) of the CARES Act.
817 students have received Emergency Financial Aid Grants to students under Section 18004(a)(1) of the CARES Act.
In determining the methods used by Mount Holyoke College to determine which students would receive Emergency Financial Aid Grants and how much, they would receive under Section 18004(a)(1) of the CARES Act, the College elected to award the funding in two phases. In Phase 1, students received block grants ranging from $200-$1,200 who
- were enrolled in classes on March 27
- had submitted a FAFSA
- had institutionally determined annualized family contributions under $35,001
- had received institutional grant funding.
Students with the lower family contributions received higher awards.
Phase 2 funds will be awarded based on a brief application from the student attesting the eligibility for the grant and that the student had expenses related to campus disruption due to COVID-19.
A notice was posted on the FAQ page about CARES Act grants including a FAQ about Phase 1 and Phase 2 grant funding. Emails were sent to individual students who were receiving the Phase 1 block grants with a followup email from a vendor partner who was distributing the grants. For Phase 2, a notice will be sent to all students that the application is open, how long the application will be open, and how much is remaining in funding. Grants will be $100-$200 for Phase 2 depending on the demand and the remaining funds.