Smith College offers a limited number of awards based on merit rather than need. All applicants for admission are automatically considered; there are no special application forms. Students are selected by the Office of Admission and must maintain satisfactory academic progress in order to have their scholarships renewed annually. Many of Smith's merit awards include a reduced loan expectation for those merit scholars with additional financial need.
Merit scholarships are considered a resource when determining eligibility for need-based financial aid. For example, if a student has $15,000 of calculated need and receives the Stride Scholarship for $22,500, this student would not receive need-based aid since the scholarship exceeds the need. Students who have need-based aid eligibility above and beyond the amount of merit scholarships will receive need-based aid to cover the difference.
Merit aid is only offered at the time of admission.