Grant aid (gifts that do not need to be repaid) may be funded by:
- Mount Holyoke College
- Federal Government
- State Government
- Outside Sources (employer, agency, etc.)
Mount Holyoke College Grant
College grants are based on demonstrated financial aid eligibility as determined by the College and are funded by endowment earnings, the annual operating budget, and gifts from alumnae, parents, and friends. If a domestic student receives a federal or state grant that was not included in the original package, the grant does not replace the family contribution (FC). Therefore, the Mount Holyoke grant is reduced by the amount of the federal, state, or provincial grant. If a student fails to meet the appropriate deadline or to complete the required paperwork to determine eligibility for government grants, the College will not provide an institutional grant to make up the lost government funding. Grants funded by Mount Holyoke include Mary Lyon Grant, Mount Holyoke Grant and the Health Insurance Grant.
Federal Pell Grant
This grant is awarded to students with high demonstrated financial need, as determined by federal guidelines. Generally those with a family adjusted gross income (AGI) of $35,000 or less are eligible for the Pell grant. Grants range from $555 to $5,550 in 2012-13.
Federal Supplemental Educational Opportunity Grant (FSEOG)
The College awards the FSEOG to students with high demonstrated financial need. Recipients of the Federal Pell grant are given priority for FSEOG awards, which range from $500 to $2,000.
Connecticut, Massachusetts, Pennsylvania, Rhode Island, and Vermont offer scholarship and grant programs for students who reside in 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. For the telephone number and address of a particular state's scholarship office, contact the Federal Student Aid Information Center at 1-800-433-3243.
Employer Tuition Benefit
If a parent receives a tuition beneﬁt through her or his employer, this funding will first reduce the student’s institutional and federal need-based loans. If the employee benefit exceeds the amount of the need-based loans, the remainder reduces any College grant. If a parent receives a tuition benefit for student educational expenses and this benefit is not listed in the aid package, please notify Student Financial Services. 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.