First-Year Domestic Students

Each year Mount Holyoke admits a carefully selected, diverse group of academically strong and talented students and assists these students in managing the cost of a Mount Holyoke education. The staff of Student Financial Services is here to help you throughout the application process and with any questions or concerns that you have about financial assistance. 

Important Information for Applicants

  • Indicate your plan to apply for financial aid on your admission application.  No consideration for institutional aid will be given to non-aid applicants for the first two semesters of enrollment. Note: federal aid can be processed during this time. To apply for federal grants and loans the FAFSA should be filed.
  • Apply on time.  Accepted applicants who complete their aid applications after March 1 may not receive their financial aid eligibility information with their admission decision. Applicants who complete their application after May 1 may not be fully funded for institutional need based 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 expected family contribution (FC); see below.

Student Budget
- Family Contribution
Financial Aid Eligibility

Determining the Family Contribution (FC)

The family contribution consists of the parent and student contributions. Mount Holyoke uses federal and institutional methodologies to determine the FC.

When calculating the parental contribution to be used in determining eligibility for institutional assistance, the College considers factors such as total parent income (taxable and untaxed income), parental assets, number of dependents in the household, and the number of dependent children attending undergraduate institutions.

When calculating the student contribution to be used when determining eligibility for institutional assistance a student's income and assets, including trusts, are considered. Students are expected to contribute 25% of the value of their assets each year toward the family contribution and a minimum student contribution from summer earnings, ranging from $1,800 to $3,300 depending on the student's year in college.