Grant aid does not need to be repaid and may be funded by the following sources:
- Mount Holyoke College
- Federal Government
- State Government
- Outside Sources (employer, agency, etc.)
Mount Holyoke College Grants
Need based College grants are based on demonstrated financial aid eligibility as determined by the College. Funding is provided by endowment earnings, the annual operating budget, and gifts from alumnae, parents, and friends. Grants funded by the College include Mary Lyon Grant, Mount Holyoke Grant and the Health Insurance Grant.
Note: If a student receives a federal or state grant that was not included in the original financial aid package the Mount Holyoke grant is reduced by the amount of the federal, state, or provincial funding. This additional grant does not reduce the family contribution. If a student does not meet the appropriate deadline or complete the required paperwork to determine eligibility for federal or state grants, College grant will not make up the lost government funding.
Federal Pell Grant
Students with high demonstrated financial need, as determined by federal guidelines, are eligible for the Pell grant. On average, students with a family adjusted gross income of $35,000 or less are eligible for the grant. Grants range from $600 to $5,775 in 2015-16.
Federal Supplemental Educational Opportunity Grant (SEOG)
Students with high demonstrated financial need, as determined by the College, and who are also eligible for the Pell grant receive the SEOG as part of their financial aid package. SEOG awards range from $500 to $1,000.
Massachusetts, Pennsylvania, and Vermont offer scholarship and grant programs for students who are residents of those states. Applicants for the Massachusetts State Scholarship must reside in Massachusetts for at least one year prior to receiving the scholarship. High school guidance counselors or state scholarship offices can provide eligibility and deadline information.
Employer Tuition Benefit
If a parent receives an employer tuition beneﬁt, the funding will first reduce the student’s institutional and federal need-based loans as included in her original financial aid package. If the employee benefit exceeds the amount of the need-based loans, the remainder reduces College grant. If a parent receives a tuition benefit for student educational expenses and this benefit is not listed in the student's financial aid package, please notify Student Financial Services. Note: Tuition grants may only cover tuition. If a combination of tuition grants and scholarships exceeds tuition costs, Mount Holyoke scholarships or grants may be adjusted.