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Your eligibility for financial aid may have
been determined using estimated or incomplete information. Also, federal regulations
may require that we verify information that you have provided (or will provide) to
complete your aid application. If so, your award is tentative and
may be revised. We will notify you of any additional documentation you need to submit.
No loans can be processed or aid disbursed until these items are received. Please
see BannerWeb for any current outstanding requirements.
Official awards based on a complete application are
sent in the summer (or when all requirements are received thereafter). Except:
Academic Competitiveness Grants
These replace Smith grant dollar for dollar and, if you
are eligible, are generally awarded after you enroll.
Allowance For Others in College
The fees of undergraduate institutions attended by siblings of traditional students
(or children of Ada Comstock Scholars) are considered in our aid calculations.
The enrollment status of each person is verified in the fall. A change in institution
or enrollment status may affect your grant aid. For future planning, contact us
for the allowance amount used this year.
Campus Work Award
Declining Aid
If you wish to decline any portion of your aid, draw a line through the aid declined
on your award letter and note the amount, if any, which you wish to keep. Then sign and date the letter and
return it to Student Financial Services. Please retain a copy for your files.
Expected Contribution
For information on how this is calculated, please see www.smith.edu/finaid/cont.php.
Loan Information & Requirements
General information on the following loans can be found at www.smith.edu/finaid/selfhelp.php.
To accept a loan offered in your award, you must complete the following one-time
requirements:
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| Type of Loan |
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Entrance Counseling |
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Master Promissory Note |
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| Direct |
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www.dl.ed.gov |
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www.dlenote.ed.gov* |
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| International |
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not applicable |
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mailed with official award |
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| Perkins |
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www.mycampusloan.com |
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mailed with official award |
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| Smith College |
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not applicable |
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mailed with official award |
*requires your 4-digit PIN from the Department
of Education
Outside Aid
Aid from an organization outside of Smith College is considered in our aid calculations.
This includes a parent or spouse’s (as applicable) tuition benefit. You must
report such aid on the Outside
Award Response Form, and are responsible for the amount due if this aid is
not received by Smith. For treatment of each type of outside aid, see www.smith.edu/finaid/outaid.php.
Pell Grants
These replace Smith grant dollar for dollar and, if you
are eligible, are generally awarded after you enroll.
Reapplying for Financial Aid
For United States citizens and eligible non-citizens:
You must reapply for financial aid each year. Your need for assistance will be recalculated
each year. Changes in your or (as applicable) your parent(s)'/ spouse's income
or other circumstances will change the amount of aid you receive.
For all others:
Smith’s policy regarding financial aid determination in future years is specified
on the front of your award letter.
Self-Help (Loan & Work) Aid
Loans and a job are the first components of most aid packages. Remaining need, as
determined by the college, is met with grant aid. The ratio between the self-help
and grant portions of your award will change as you rise in class level. Current
information on specific amounts can be found at www.smith.edu/finaid/selfhelp.php.
Entering transfer students will have the loan amount
revised after all transfer credits have been evaluated.
Smart Grants
These replace Smith grant dollar for dollar and, if you
are eligible, are generally awarded after you enroll.
State Grants
State Grants replace Smith grant dollar for dollar and, if you are eligible, are
generally awarded after you enroll. You must fulfill the requirements of your state
for their grant. If not met, Smith grant will not replace the “lost” state
grant.
Total Cost of Attendance
The Total Cost of Attendance includes all billed fees as well as "Other
Costs". See below for "Other Costs".
These are costs that most students incur during
the year. They can include:
Students may utilize their work study to offset
these costs. Actual costs incurred will vary and are the responsibility of each student.
Bill Dates
Fall semester is billed mid-July; full payment is due Aug. 10. Spring semester is
billed mid-December; full payment is due Jan. 10. For students living outside the
U.S., Mexico or Canada, full payment is due Sept. 10 & Feb. 10 respectively.
Estimated Amount Due
The Estimated Amount Due on your award letter will change accordingly if a) you decline a portion or all of the loan(s) awarded
or b) you do not fulfill all requirements necessary to disburse each aid item.
Estimated Refund Amount
The Estimated Refund Amount on your award letter will change accordingly if a) you decline a portion or all of the loan(s) awarded
or b) you do not fulfill all requirements necessary to disburse each aid item.
Generally only Ada Comstock Scholars
have estimated refunds.
Health Insurance
Health insurance is mandatory in Massachusetts. Each year, you will be billed for
Smith Health Insurance and then must go online to accept or waive the coverage.
You will be sent information about the plan and the on-line process every summer,
including the opening date and completion deadline. Missing the deadline will result
in Smith Health Insurance enrollment and full-year coverage. Please adjust your
estimated bill amount in your planning if you intend to waive the full insurance
or accept only the optional insurance (details at www.smith.edu/finaid/health.php).
Refund Policy
A refund is possible when an actual (not estimated) credit balance exists on your
account. Requirements specific to each aid type must be met before that aid can be disbursed.
Refunds for traditional students occur at the end of the academic year unless a
Refund Request Form is submitted to our office. Refunds over $100 are issued automatically on a weekly basis for Ada Comstock Scholars and Independent students beginning at the start
of classes.
Enrollment Deposits
Enrollment Deposits include a $200 Room Deposit and a $100 General Deposit. The Room Deposit is posted to student accounts in two separate installments of $100, one at
the start of each semester. Please reduce the total first year amount owed by $200.
The General Deposit will be credited
to your account six months after you graduate. |
