1. How does the College set the comprehensive fee?
The College’s Board of Trustees carefully considers all revenue sources when setting fees for tuition, room and board, based on the costs of operating the College and our mission to provide educational opportunities for students from all backgrounds. The Board considers fee levels of peer institutions as well as the impact of a fee increase on students with differing financial needs. We are always working to maximize all of our revenue sources, including philanthropic gifts and investment returns. The College requires revenue growth to keep up with increases in operating expenses and to invest in new initiatives.
2. Will aid packages for students who receive need-based financial aid increase proportionally with the increase in tuition?
Yes. Mount Holyoke is committed to providing need-based financial aid to meet 100 percent of demonstrated need, according to eligibility guidelines, for all admitted students. When the cost to attend increases, the financial aid package also increases accordingly. Domestic students must reapply for financial aid each year, and aid packages are released for the upcoming year in June. Institutional and federal financial aid guidelines are used to determine financial aid eligibility. Students with questions about their family contribution or their financial aid package should contact the Office of Student Financial Services.
3. How will the cost increase affect international students who receive financial aid?
For international students receiving financial aid, the financial aid package will be adjusted to cover the increase in the comprehensive fee.
4. What costs will the increase in comprehensive fee cover?
The additional net revenue received from the comprehensive fee increase will be used to cover investments in world-class faculty, improving the student experience through enhanced support services and in new and enhanced programs cited in The Plan for Mount Holyoke 2021.
5. Is the College exploring measures to reduce costs?
In each budget cycle, we consider measures to moderate expenses by managing the growth of staff positions, streamlining operations, and implementing technology solutions to improve workflow. We will continue to assess and evaluate how we can do even more to increase our revenue and reduce expenses in the coming year.
6. What schools did Mount Holyoke consider when comparing tuition increases at other institutions in recent years?
The College typically compares its tuition and fees with approximately 40 institutions. Here is a sample of the fees at some of those schools:
Institutions with Comprehensive Fee in fiscal year 2017:
- Above $66,000: Amherst, Trinity, Dartmouth
- From $64,000–$65,999: Barnard, Bates, Bryn Mawr
- From $62,000–$63,999: Smith, Wellesley, Holy Cross
- From $59,999–$61,999: Wheaton, Worcester Polytechnic Insititute
Mount Holyoke Comprehensive Fee fiscal year 2018: $62,000