Mount Holyoke College Financial Aid and Scholarships
Students Receiving Aid
78%
Total Aid Amount
$57.260M
Financial Aid Official Website
https://www.mtholyoke.edu/sfs
Among them are scholarship programs such as Heriberto Flores Scholarship, MASSGrant Program, Mount Holyoke College - MASSGrant, and Mount Holyoke College - One Family Scholarship Program. Notably, 75% of the students at Mount Holyoke College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $5,738,379. For additional information about financial assistance schemes, one can head over to MHC’s financial aid page at https://www.mtholyoke.edu/sfs. Notably, a total of 16% of the applicants to Mount Holyoke College receive the Federal Grant every year. On the other hand, 74% of the candidates get the Student Grant, 73% receive the Institution Grant, and 16% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $6,212, while the same comes to $2,584 for State Grant receivers and $33,101 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,644. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Students whose family income per annum is less than $30,000 will receive a federal aid of $47,626 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $49,432, while those falling in the $48,001-$75,000 income category get $42,607 a year. Those with an annual income level of $75,001-$110,000 would receive $37,158, while candidates with more than $110,000 of family income receive an average federal aid of $25,181. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. Every year, around 48% of the applicants to Mount Holyoke College opt for student loans.
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