by our College Data Analytics TeamA lot of students will not be asked to pay the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Mount Holyoke College can sound tremendous, but do not forget that almost all students get some type of financial help.
Just what financial aid solutions can Mt. Holyoke provide, and just what are you going to be eligible for? Keep reading for answers. Read on to see what amount of financial assistance could be accessible to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Read on to get a sense of the financial assistance available at Mount Holyoke College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For freshmen starting at Mount Holyoke College, 79% of first-time, full-time freshmen received some form of financial aid around 466 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 77% | $52,418 |
| Institutional grants & scholarships | 77% | $50,512 |
| Federal Pell grants | 19% | $5,515 |
| State/local grants | 6% | $3,850 |
| Federal student loans | 38% | $3,789 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Mt. Holyoke, some 80% of undergraduates were awarded grant or scholarship aid averaging $48,448 (across approximately 1752 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 80% | $48,448 |
| Federal Pell grants | 22% | $5,404 |
| Federal student loans | 44% | $5,147 |
For on-campus title-IV students, average grant aid came to $58,485.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $17,507 |
| $30,001 – $75,000 | $20,144 |
| Over $75,000 | $38,672 |
Each figure is the net price after grants and scholarships, not the published sticker price.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $26,441 |
| Off-campus title-IV students | $29,562 |
For an estimate tailored to your family circumstances, see Mt. Holyoke’s net price calculator: npc.collegeboard.org/app/mtholyoke.
The middle student in the debt distribution at Mt. Holyoke owes $18,258 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $18,258 |
| Median federal debt (graduates only) | $22,902 |
| Typical 10-year monthly payment (graduates) | $242.8/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Looking only at the median can be misleading because it hides the spread. These percentiles trace how cumulative federal debt is spread among borrowers at Mt. Holyoke.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $11,175 |
| 75th percentile | $25,875 |
| 90th percentile (highest-debt students) | $30,500 |
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $18,763 |
| Middle income | $19,500 |
| High income | $15,996 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,000 |
| Continuing-generation students | $16,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $18,010 |
| Independent students | $21,413 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Mt. Holyoke.
Most undergraduate borrowing runs through the federal Stafford loan program. The aggregate figures below show how active the program is at Mt. Holyoke:
| Metric | Value |
|---|---|
| Stafford loan recipients | 5947 |
| Total Stafford loan amount | $84,711,991 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 10 |
| Total GI Bill amount | $354,992 |
| Average GI Bill amount per recipient | $35,499 |
References
More about our data sources and methodologies.