New York Times: The (Yes) Low Cost of Higher Ed

Submitted by Caroline J. Hanna
The college and President Anthony W. Marx were referenced several times in this essay about top universities becoming "significantly more affordable for the majority of students."

Aid for First-Year and Transfer Students

Your educational objectives should be the most important factors in choosing a college, but the cost of attendance may also be a major consideration for you and your family.  Amherst College is committed to making financial aid available to all students with financial need so that cost does not become the determining factor in making a decision about Amherst.  For this reason, you should not fail to apply for admission to Amherst because of financial need.

Self-Help: Student Loans

Amherst College has replaced the loan component of all financial aid awards with scholarship aid.  This loan elimination represents a huge financial commitment by the College and is expected to aid middle income families applying to Amherst.

Students may still choose to borrow a student loan to purchase a computer, replace an expected summer savings shortfall, or replace work in the financial aid package.

Self-Help: Student Loans

Amherst College has replaced all initially packaged, need-based student loans with grant assistance. This change in policy is intended to help middle income families applying to Amherst. Additional information is available here.

Plan and Estimate Your Share of College Costs This calculator is a tool that can help you determine how college financial aid and education loans are awarded. Do you qualify? 
CalculatorStart the Calculator! 

Aid for Parents

There are several programs that can assist your parents in meeting their obligation for your college costs. Here is a summary of a number of parent loans and family financing alternatives.

Monthly Payment Plan

This plan is sponsored by the College and administered by Tuition Management Systems (TMS). Through the plan, a student's annual charges may be paid in ten installments beginning in June before the start of the academic year. Those starting the plan after June 1 must include back payments with the application.

There is a $65 non-refundable application fee; there is no finance or interest charge.

Parent Loans

There are many loan programs that can assist your parents in meeting their obligation for your college costs.

 Because Amherst College participates in the Federal Direct Loan Program, PLUS Loans are borrowed directly from the U.S. Department of Education through the College.  Your parents may borrow a parent alternative loan through any program they choose.

Tips for Alternative Student Loans

Suggestions when Borrowing an Alternative Loan

Amherst College Will Replace Loans with Scholarships in Financial Aid Packages for All Students Beginning in 2008-09

Move Expected To Aid Middle-Income Families July 19, 2007 Contact:Stacey Schmeidel Director of Public Affairs 413/542-2321

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