Will my financial aid change from year to year?
Each year U.S. Citizens, Permanent Residents and self-identified undocumented and DACA students must reapply for financial aid to be considered for need based assistance. The calculated family contribution will remain fairly consistent unless changes occur for example, a significant change in family income or assets, a change in the number of dependents supported or a change in the number of dependent siblings attending undergraduate institutions. Regardless of the family contribution, students should expect the self-help portion (student loan and work-study amounts) to increase incrementally each year based on the federal government maximums and College policies.
Will I get less financial aid if I apply Early Decision?
No. The amount of aid awarded does not vary based on a student's application plan.
Does Mount Holyoke "gap"?
No. Mount Holyoke College meets 100% of a student's calculated need.
Is my financial aid package negotiable?
Mount Holyoke College does not negotiate financial aid packages. However, if there is a change in your family's financial situation which was not considered during the original review, we would be happy to review the new information. The request for reconsideration process does not guarantee a revision in your package. The Request for Reconsideration form may be found on our forms and deadlines page.
What is Mount Holyoke College's divorced/separated parents policy?
We require both the custodial and noncustodial parents to submit financial information annually, including tax returns. Student Financial Services will review requests for a waiver of the noncustodial parent's information however, waivers are granted only in extreme circumstances and documentation must be provided. Please see the "Noncustodial Parent Waiver Request" form for more information.
Can I be considered an independent student?
Students under the age of 25 are rarely granted independent status when being considered for financial aid from Mount Holyoke. It is also important to note that if a student initially receives financial aid as a dependent of her parents, financial aid in subsequent years will be determined on that basis regardless of changes in family circumstances. Consequently, a student who chooses to become independent of parents or to marry while in college may not expect increased aid. If you have unique circumstances that you would like us to consider, please contact us.
What does it mean that Mount Holyoke is "need-aware" or "need-sensitive"?
Need-aware, also known as need-sensitive, is a policy in which students' financial resources are considered along with other traditional admission measures in making admission decisions. Mount Holyoke employs this policy for those students who fall at the margin of the admitted applicant pool.