Smith College Financial Aid and Scholarships
Students Receiving Aid
71%
Total Aid Amount
$75.138M
Financial Aid Official Website
www.smith.edu/sfs
Students can avail of scholarships provided by the college, such as Dora Windes Zollman Scholarship, Heriberto Flores Scholarship, MASSGrant Program, and Marie L. Rose Scholarship, if they find educational expenses to be on the higher side. Notably, 71% of the students at Smith College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $6,015,500. For additional information about financial assistance schemes, one can head over to SC’s financial aid page at http://www.smith.edu/sfs. At SC, the total percentage of applicants who receive the Federal Grant stands at 18%. On the other hand, 67% of the candidates get the Student Grant, 67% receive the Institution Grant, and 18% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,771, while the same comes to $2,718 for State Grant receivers and $42,042 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,824. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Students whose family income per annum is less than $30,000 will receive a federal aid of $57,245 on average in a year. The average aid amount stands at $56,918 for an annual family income between $30,001 and $48,000. This amount comes to $52,816 for those who fall under the $48,001-$75,000 family income bracket. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $46,143. And, for those with a family income of more than $110,000, the amount stands at $25,590. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At SC, an estimated number of 46% of the applicants choose to go for student loans.
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