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.
As you begin the financial aid application process be sure to:
- Carefully review the application requirements.
- Apply on time. Late applications are accepted however late applicants may not receive financial aid eligibility information with their admission decision.
- 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.
We determine eligibility for need-based assistance from the College by using a combination of institutional and federal methodologies to calculate a family contribution. The family contribution consists 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 $3,400 depending on the year in college.
Note: Students may apply for federal financial aid withour applying for aid from the College. For information about applying for federal aid please review: Federal Student Aid.