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Financing Options

We offer several financing options, including direct payments, a monthly payment plan, parent or student loans, payments from a prepaid college savings plan and the Federal Parent PLUS Loan. You may also combine these options into a personalized financing solution that works for your family.

Smith College offers a four-month semester payment plan with optional down payment at time of signup. The plan is available by semester only; tuition, fees and any applicable aid are applied per semester. A student can only have one payment plan per semester.

Additional Unsubsidized Loans

For domestic students, there are circumstances that allow a student to borrow an additional unsubsidized federal direct loan; most undergraduate students can qualify for $2,000 in an additional unsubsidized federal direct loan beyond the base subsidized loan eligibility. The amounts vary depending on the student's circumstances and other financial aid. Please contact us to determine your eligibility.

Independent students and dependent students whose parent was denied a PLUS loan may be able to borrow an additional $4,000 each year for their first and second years of school and an additional $5,000 each year for their third and fourth years of school.

Parent PLUS Loans

Parent PLUS Loans are offered by the Department of Education (Dept.) for parents of dependent undergraduate students (Ada Comstock students are not eligible for this program). Borrowers must be U.S. citizens or eligible noncitizens. Approval is credit-based, and the maximum loan amount allowed is determined by subtracting all other aid awarded from the cost of education.

Private Student Loans

Private student loans are nonfederal educational loans in the student's name, offered through private lenders. For U.S. citizens and permanent residents, we recommend that you first explore all federal loan options before considering nonfederal private loans. We highly recommend that you speak with a financial aid counselor before taking out a private student loan.

Comprehensive List of Private Vendors

Smith College does not maintain a recommended lender list. However, we do provide a comprehensive list of lenders that Smith students have used over the past three years.

Smith College has not reviewed the terms and conditions of the loans offered by these lenders and does not endorse any of them.

Please go to ELM Select to review the comprehensive list of lenders and the terms and conditions of their loans. Other private lenders exist that may not be on our list. You are able to choose any private lender that meets your needs.

Note that many credit unions are not listed individually but can be found under cu student (student choice) on ELM Select.

Smith College and its employees do not receive any benefits from lenders listed on this comprehensive list. We are committed to the highest standards of professional conduct. Please review our Code of Conduct for details of our practices.