The cost of attendance, also known as the financial aid budget, includes directly billed expenses and indirect, non-billed expenses. Financial aid eligibility is based on the cost of attendance minus the calculated family contribution.
|COST OF ATTENDANCE 2017-2018 (Undergraduate)|
|Room and Board:||14,060|
|Student Activities Fee:||200|
|Non Billed (Estimated Costs)|
|Books & Supplies||950|
|Transportation||(Ranges from 0-1500)|
Mandatory health insurance is fully billed in the fall semester for full year students and in the spring semester for spring entrants. The premium is set annually and is $1,930 for 2017-18. United States citizens and eligible noncitizens may waive the health insurance annually online with proof of comparable insurance coverage. The cost of the health insurance is not factored in to the cost of attendance when determining a student's eligibility for financial aid.
Net Price/Net Cost
The net price is the difference between billed costs (tuition, SGA fee, room and board) and scholarship or grant assistance from all sources. The net cost is the difference between the cost of attendance (billed costs plus estimated expenses such as books, personal expenses, and travel) and all sources of financial aid. The family contribution may not match the net cost depending on the total amounts of financial aid from all sources, some of which may offset the family contribution.
Living Off-Campus and the Financial Aid Package
Mount Holyoke College is a residential college and students are expected to live on campus. (This does not apply to students in the Frances Perkins Program, a program for nontraditionally aged students.) If a student is approved to live off campus, room and board charges will be removed. The room and board component of a student's financial aid budget will also be removed thereby reducing the total amount of financial aid. If a student has an accommodation approved by the Dean's office to live off campus, the financial aid budget will be revised to include an off campus living allowance and the financial aid will be adjusted accordingly. Please contact our office if you have any questions about how living off campus might affect your financial aid eligibility.