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Financial Aid

OUTSIDE AID

If you receive any assistance from an organization outside of the College, this aid must be taken into consideration in calculating your financial aid award. For this reason, you are required to report such aid through use of the Outside Award Response Form. The treatment of outside aid depends on the source as outlined below.

Outside Aid Awarded on the Basis of Student Merit
Smith College recognizes your achievement in being awarded merit based aid.  Outside aid based on student merit will first reduce or replace the self-help portion of your award (federal work study and federal subsidized loan).  If the outside aid exceeds the total self-help portion of your award, we will allow the aid to go toward a one-time computer purchase or toward the cost of the on-campus health insurance plan.  If you do not purchase or have already purchased a computer, and if you do not accept the on-campus health insurance plan, or if your merit aid exceeds these costs, merit aid will replace Smith Grant on a dollar for dollar basis.

Non-merit Outside Awards
This type of award includes tuition subsidies based on your parents' employment, or state and federal grant assistance. These awards are not based on student merit and reduce Smith Grant eligibility dollar for dollar. Educational benefits from state and federal agencies will reduce the self-help components of the award (loan and work).  Need-based loans from state or outside agencies can be used to replace dollar for dollar either the suggested federal loan or the work study award. 

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