Scholarships, Grants, and Loan Trends at MHC

-4%

Received Percent Changed

$13,254

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 1,729, which is 80.33 % of all undergraduate students. 936 students which is 43.33% of undergraduate students received federal student loans and the average loan amount is $6,107.

For full-time, first-time beginning students (freshmen), 79.22% of students received grants or scholarships and 51% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at Mount Holyoke College since 2014.

For that period, the average number of students who received grants aid/scholarships is 1,729, which is 80.33 % of all undergraduate students. 936 students which is 43.33% of undergraduate students received federal student loans and the average loan amount is $6,107.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-151,761 (80%)$28,989435 (20%)$4,508981 (45%)$6,645
2015-161,672 (79%)$29,817404 (19%)$4,590930 (44%)$6,348
2016-171,729 (79%)$31,297417 (19%)$4,530937 (43%)$6,209
2017-181,733 (78%)$33,041460 (21%)$4,532979 (44%)$6,240
2018-191,702 (77%)$33,587417 (19%)$4,644935 (42%)$6,137
2019-201,654 (76%)$35,770437 (20%)$4,618939 (43%)$6,062
2020-211,908 (100%)$27,923416 (22%)$4,912794 (41%)$6,060
2021-221,734 (78%)$39,190459 (21%)$4,947989 (45%)$6,043
2022-231,670 (76%)$42,243445 (20%)$5,087938 (43%)$5,223
Average1,729 (80.33%)$33,540432 (20.11%)$4,708936 (43.33%)$6,107
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

For the last 10 years, on average, 426 (79.22 % of students) received grants or scholarships and its average amount is $34,730. It can cover 51.82% of tuition & fees ($67,018).

In addition, 277 (51.00 % of students) students get helped from the students loans (average amount : $5,546).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15426 (80%)$30,917311 (59%)$5,427
2015-16404 (79%)$31,412292 (57%)$5,590
2016-17426 (75%)$31,370253 (44%)$6,233
2017-18411 (78%)$34,078283 (53%)$5,802
2018-19462 (74%)$34,470303 (48%)$6,021
2019-20356 (72%)$38,841249 (50%)$5,444
2020-21455 (100%)$30,351214 (47%)$5,100
2021-22486 (80%)$39,304324 (53%)$6,098
2022-23407 (75%)$41,823260 (48%)$4,202
Average426 (79.22%)$34,730277 (51.00%)$5,546
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 100 (18.67 % of students) received Pell (federal) grants and its average amount is $4,806.

In addition, 28 students received State/local government grants/scholarships (5.33 % of students).

Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2014-1590 (17%)$4,65379 (15%)$1,17824 (5%)$2,961426 (80%)$29,549
2015-1684 (16%)$4,59876 (15%)$1,47424 (5%)$2,579404 (79%)$30,025
2016-1798 (17%)$4,35077 (14%)$1,48625 (4%)$2,538425 (75%)$30,022
2017-18106 (20%)$4,82383 (16%)$1,48925 (5%)$2,901411 (78%)$32,357
2018-1998 (16%)$4,86588 (14%)$1,50022 (4%)$2,584461 (73%)$33,101
2019-2086 (17%)$4,908211 (43%)$1,30725 (5%)$2,203356 (72%)$36,727
2020-21130 (29%)$5,095126 (28%)$1,87244 (10%)$3,648455 (100%)$28,024
2021-22121 (20%)$4,88075 (12%)$1,42032 (5%)$3,081486 (80%)$37,667
2022-2387 (16%)$5,08460 (11%)$1,43829 (5%)$2,997406 (75%)$40,410
Average100 (18.67%)$4,80697 (18.67%)$1,46328 (5.33%)$2,832426 (79.11%)$33,098
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 277 (51.00 % of students) get any students loan help and its average loan amount is $277.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15311 (59%)$5,427231 (44%)$4,96995 (18%)$5,686
2015-16292 (57%)$5,590235 (46%)$4,93673 (14%)$6,471
2016-17253 (44%)$6,233225 (40%)$5,15352 (9%)$8,028
2017-18283 (53%)$5,802245 (46%)$4,93957 (11%)$7,581
2018-19303 (48%)$6,021255 (41%)$5,04768 (11%)$7,904
2019-20249 (50%)$5,444210 (42%)$4,83351 (10%)$6,679
2020-21214 (47%)$5,100192 (42%)$4,90630 (7%)$4,982
2021-22324 (53%)$6,098274 (45%)$4,66774 (12%)$9,421
2022-23260 (48%)$4,202203 (37%)$4,05563 (12%)$4,275
Average277 (51.00%)$5,546230 (42.56%)$4,83463 (11.56%)$6,781

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