The staff in Student Financial Services is here to help you throughout the application process and in managing the cost of a Mount Holyoke education. Please contact us with any questions you may have.
As You Begin the Process:
- Review our application requirements and Eligibility & Policy information
- Apply on time
- Indicate your intent to apply for financial aid on your admission application (Those who do not cannot be considered for financial aid from Mount Holyoke for their first two semesters of enrollment. This policy does not apply to federal 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.
The Family Contribution
The College uses a combination of institutional and federal methodologies to calculate a family contribution. The family contribution consists of a parental and a student contribution. In determining the parental contribution a number of factors are considered including: parent taxable income and untaxed income, parental assets, number of dependents in the household, and the number of dependent children attending undergraduate institutions. The student contribution is determined after a review of student income and assets, including trusts. Students are expected to contribute 25% of the value of their assets each year and a minimum expected contribution which ranges from $2,600 to $3,400 depending on the year in college.
Click here for more information about our financial aid policies including important information about funding maximums.
Note: Students may apply for federal financial aid without applying for aid from the College. For information about applying for federal aid please review: Federal Student Aid.