Financial Aid Award

Once your financial need is determined, a financial aid award that is equal to your need will be offered.  Notices of financial aid awards will be sent at the same time as admission letters are mailed to first-year and transfer applicants.  The award is sometimes called an aid "package" because it may include both self-help (employment) and gift aid (scholarships and grants).

Applying for Financial Aid

The Free Application for Federal Student Aid (FAFSA) is the ONLY form used to determine eligibility for the approximate $5.5 million federal dollars administered each year by Amherst College. The CSS PROFILE form is used to determine eligibility for all Institutional sources of assistance, which total more than $52 million last year. 

Monthly Payment Plan

This plan is sponsored by the College and administered by Tuition Management Systems (TMS). Through the plan, a student's semester charges may be paid in five installments beginning in June for the fall term and beginning in November for the spring term. Those starting the plan after June 15 for the fall semester, or after November 15 for the spring semester must include back payments with the application.

There is a $35 per semester 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.

The following list represents the lenders from whom parents have borrowed during the past year.  

Alternative Student Loans

Many different lenders are offering alternative loans, and one should consider applying for a private, alternative educational loan only after exhausting all other possible sources of funds. Each loan is different, so you should become familiar with the criteria, benefits, fees, and the margins above the index. If possible, the student should apply with a parent as a co-borrower; the co-borrower may reduce applicable fees and will lower your interest rate.