Need-based Student Loans

Most financial aid packages include one or more loans. The packaged loan amount increases by approximately $1000 each year. Your total estimated student loan debt over four years will range from approximately $20,000 to approximately $28,000 depending on institutional packaging policies and whether or not you borrow the maximum loan amount per federal guidelines.

What need-based loans are you eligible for?

If you meet eligibility requirements, these loans will be offered as part of your need-based financial aid packages. No additional application is required.

Federal Direct Student Loans

U.S. students who have filed a FAFSA are eligible for these loans, which are provided by the federal government.

Mount Holyoke College Loans

These loans may be offered to DACA / undocumented students in the U.S.

Mount Holyoke College Global Loans

These loans may be offered to international students.

What if I don't want the loans included in my financial aid package?

If you do not want to accept any loan awarded to you, please email Student Financial Services to reduce or decline your loans.

If I decline the loans for this year, will it affect my financial aid package next year?

No, there will be no effect on subsequent financial aid packages.

Resources to help you be a successful loan borrower

Financial wellness is an important skill for student success in college and for life after graduation.

CashCourse

This personal finance tool can help you make informed financial choices to build real life-ready financial skills.

Federal Student Aid

Here, you can find free information on preparing for and funding education beyond high school. 800-4-FED-AID

Soon-to-be Mount Holyoke alumnae gather for Commencement

Mapping your future

This service provides calculators, tips on budgets and money management and a loan forgiveness chart.

Salary.com

Use this tool to understand what type of salary you might expect post-graduation, in order to help determine your ability to pay your loans. It offers a salary wizard and career resources.

FinAid.org

This guide provides information on financial aid for college and tips on how to help ease the burden of college expenses. It includes tools like savings calculators and loan information.

Contact us

Office of Student Financial Services

The Office of Student Financial Services administers financial aid and student billing.