First-Year Eligibility and Application Policies

The staff in Student Financial Services is here to help you throughout the application process and in managing the cost of a Mount Holyoke education. Please contact us with any questions you may have. 

Important Information for Applicants

  • Be sure to carefully review the financial aid application requirements
  • Apply on time. Late applications are accepted however you may not receive information about your financial aid eligibility with your admission decision if you apply late. (Applicants who complete their application after April 15 may not be fully funded for need based aid from Mount Holyoke.) 
  • Indicate your intention to apply for financial aid on your admission application. Those who do not cannot be considered for financial aid from Mount Holyoke for their first two semesters of enrollment. (This policy does not apply to federal aid.)

Financial Aid Eligibility

Financial aid eligibility is the difference between the estimated student budget (tuition, room and board, fees, books and personal expenses, travel expenses) and the family contribution. 

Determining Eligibility

We determine your eligibility for need-based assistance from the College using a combination of institutional and federal methodologies to calculate the family contribution. The family contribution is comprised of a parental and a student contribution. In determining the parental contribution a number of factors are considered including parent taxable income and untaxed income, parental assets, number of dependents in the household, and the number of dependent children attending undergraduate institutions. The student contribution is determined after a review of student income and assets, including trusts. Students are expected to contribute 25% of the value of their assets each year and a minimum contribution from summer earnings which ranges from $2,450 to $3,600 depending on the year in college.

Note: You do not have to apply for financial aid from Mount Holyoke to apply for federal financial aid. For information about applying for federal aid please review: Federal Student Aid.