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Financial Aid

Professor teaching classroom of students

Smith College seeks to provide educational opportunity for qualified students, knowing that many of you will require financial assistance. Our need-based aid program begins with a consistent, yet personalized, assessment of each applicant's ability to pay for college expenses. Smith meets the full documented need, as determined by college policy, of all admitted students who apply for aid by the published deadlines.

Changes to Tax Return Requirements

2017-18 Applications

Returning students who completed an application for Smith financial aid for the current 2016-17 academic year do not have to submit tax returns (student or parent) as part of the financial aid application for the upcoming 2017-18 year.

Due to a recent change in Department of Education financial aid policy, financial aid eligibility will now be based on "prior prior year" information. For the 2017-18 year, this means we will be using 2015 tax information again. Because returning students submitted 2015 tax returns for the current 2016-17 application, you will see tax requirements listed as "Satisfied" in your BannerWeb requirements.

The FAFSA, CSS Profile, and Smith Application for Aid are required for the 2017-18 financial aid application.

The Smith Aid Application, along with any other paper requirements, must be sent directly to Student Financial Services. We will not be using the IDOC imaging service for renewal applications this year, and any requirements sent to IDOC will not be received by Student Financial Services. Returning students should disregard reminders received from IDOC for the 2017-18 year.

Please be sure to check your requirements on BannerWeb for any additional requirements.

2018-19 Applications

Students will need to submit 2016 tax returns through the IDOC service for the 2018-19 financial aid application.

The following Code of Conduct was last updated by NASFAA's Board of Directors in March 2014. Subject to enforcement procedures that go into effect July 1, 2015, NASFAA institutional members of NASFAA will ensure that:

  1. No action will be taken by financial aid staff that is for their personal benefit or could be perceived to be a conflict of interest.
    1. Employees within the financial aid office will not award aid to themselves or their immediate family members. Staff will reserve this task to an institutionally designated person, to avoid the appearance of a conflict of interest.
    2. If a preferred lender list is provided, it will be compiled without prejudice and for the sole benefit of the students attending the institution. The information included about lenders and loan terms will be transparent, complete, and accurate. The complete process through which preferred lenders are selected will be fully and publically disclosed. Borrowers will not be auto-assigned to any particular lender.
    3. A borrower's choice of a lender will not be denied, impeded, or unnecessarily delayed by the institution, even if that lender is not included on the institution's preferred lender list.
    4. No amount of cash, gift, or benefit in excess of a de minimis amount shall be accepted by a financial aid staff member from any financial aid applicant (or his/her family), or from any entity doing business with or seeking to do business with the institution (including service on advisory committees or boards beyond reimbursement for reasonable expenses directly associated with such service).
  1. Information provided by the financial aid office is accurate, unbiased, and does not reflect preference arising from actual or potential personal gain.
  2. Institutional award notifications and/or other institutionally provided materials shall include the following:
    1. A breakdown of individual components of the institution's Cost of Attendance, designating all potential billable charges.
    2. Clear identification of each award, indicating type of aid, i.e. gift aid (grant, scholarship), work, or loan.
    3. Standard terminology and definitions, using NASFAA's glossary of award letter terms.
    4. Renewal requirements for each award.
  1. All required consumer information is displayed in a prominent location on the institutional web site(s) and in any printed materials, easily identified and found, and labeled as "Consumer Information."
  2. Financial aid professionals will disclose to their institution any involvement, interest in, or potential conflict of interest with any entity with which the institution has a business relationship.