International Students Financial Aid Eligibility and Policies
You may find the Financing Policies for International Students helpful.
The Family Contribution
An international student's parent contribution is determined upon admission to the College, and is based on an assessment of the parents' income and asset information provided on the CSS/PROFILE. Mount Holyoke uses a standard institutional formula to determine the parent contribution. When calculating the parent contribution, the College considers such factors as total parent income (including taxable and untaxed income), parental assets, number of dependents in the household, and number of dependent children attending undergraduate institutions in the United States.
The same parent contribution will be required each year until graduation.
A student contribution may be computed for renewing students after SFS reviews U.S. federal tax returns, which will be required each year. Due to limited funding, requests for reconsideration of the family contribution cannot be considered regardless of changes in individual circumstances.
Why is the parent contribution shown on the Certificate of Finances and the Financial Aid Award Letter $200 higher than the family contribution shown on Financial Aid Online?
The Certificate of Finances and the Financial Aid Award Letter reflect the amount you should expect to pay to Mount Holyoke. The work-study portion of your award ($2,100) is meant to cover the expected $1,900 Personal/Books part of your budget. Since work-study is earned throughout the academic year and is not deducted from your bill, the extra $200 of work-study funds allotted cannot be deducted from your billed charges either - and so your total bill, after the other awards are deducted, is $200 more than your expected family contribution shown on Financial Aid Online and used to determine your overall financial aid award, including work-study.
Institutional funding for international students entering as first year students is limited to eight semesters. In addition, if an international student re-classifies, moving up her class year in order to graduate sooner than initially anticipated, she cannot then re-classify back to her original class year and expect to receive financial assistance. Please note that for matriculated students, credits transferred to the College due to a semester or year of study abroad or academic leave will count toward the eight-semester limit, whether or not financial aid from the College was provided for these credits.
To be considered for financial aid, an international applicant must apply for financial assistance at the same time as she applies for admission. The intent to apply for financial aid must be indicated on the admission application.
Students who indicate on the admission application that they will not apply for financial aid will not be considered for aid after they have been accepted to the College (and for their remaining enrollment).
If a student is determined to have financial aid eligibility, the College puts together a financial aid package, which generally consists of a combination of grant, loan, and student employment aid. These three types of assistance are funded by institutional sources. Students should note that, according to U.S. tax regulations, any portion of a grant that covers all or part of room and board costs may be taxable and may also be subject to tax withholding. Any portion of a grant covering tuition is not taxable.
Satisfactory Academic Progress
Eligibility for financial aid is contingent on maintaining a satisfactory academic record, according to the standards described in the “Academic Deficiencies” section of the Mount Holyoke College Bulletin and Course Catalogue.
Students placed on academic probation are eligible for institutional aid the first semester. If academic probation is continued, students will be eligible for institutional funding for one additional semester. Students will not be eligible for institutional funding if they remain on academic probation for a third semester. If students lose institutional funding due to not meeting satisfactory academic progress, they may appeal by writing to Student Financial Services and providing supporting documentation. Students will regain institutional need-based eligibility for funding after achieving satisfactory academic progress and removal from academic probation.