Financial assistance at Hampshire is based on demonstrated financial need, defined as the difference between the cost of attendance and what a family can contribute toward that cost from its own financial resources. Need is determined by the financial aid office, using a standard formula that is applied without regard to sex, gender, race, color, religion, sexual orientation, disability, or national and ethnic origin. Academic merit is not a consideration in granting need-based awards, but any merit award is included in the total need-based financial aid package. If,. for example, a student receives a Merit Scholarship through the admissions office, any need-based Hampshire Grant will be reduced by the amount of the Merit Scholarship.
The comprehensive cost of a Hampshire education includes the direct expenses for tuition, room and board, fees, and health insurance, as well as indirect expenses of books, supplies, personal needs, and travel.*** The cost, or "budget," used to determine need at Hampshire is listed below. When estimating costs, you should also consider an allowance for two round-trips home during the year.
|Room and Board**||$13,606|
|Additional Fees for New Students ($360)|
|Estimated Books and Supplies||$850|
$67,114 + Travel*** plus $360 for new students
For a complete summary of fees and other charges please visit our Tuition and Fees website.
Total aid including grants, outside scholarships, parent tuition benefits, work-study, and loans cannot exceed the student's cost of attendance.
A family's estimated contribution consists first of the amount that we determine the parents can reasonably be expected to pay, based on the information supplied on financial aid application forms. Consideration is given to the parents' income (taxable and non-taxable); assets (including equity in the family home); household size; the number of children enrolled in college; taxes paid; medical expenses; provision for younger children who will enroll in college in later years; and any unusual circumstances that may affect the family's financial situation. The number of children in college is a large factor in the analysis. A separate calculation is performed on each parent's information when they are divorced, separated, or not living together.
Second is the amount the student is expected to contribute from his or her own savings and assets as well as summer earnings. Each year, 25 percent of any personal assets a student may have (trust funds, certificates of deposit, investments, savings accounts) is expected. We also expect that students save $1,800-$2,200 from summer employment.
You can get an estimate of what the calculated family contribution is for your particular situation by going to the College Board's website. They have a family contribution calculator page on which you can enter all of the pertinent information, choose a calculator, and get an estimated family contribution result. You should choose the "institutional methodology" option, as that is the methodology used to determine eligibility for Hampshire Grant aid. Click here to use the Net Price Calculator.
Cost of attendance minus expected family contribution equals need. See Award Packages section for information on how we meet a student's need for assistance.
** Students assigned to on-campus apartments (mods) or living off-campus and not on a full meal plan will have a reduction in their cost of attendance and their Hampshire Grant. Students living at home with their parent(s) will have a larger reduction in their cost of attendance and their corresponding Hampshire Grant eligibility. Please contact the financial aid office for more details.
*** Hampshire uses the following travel allowances: $100 for residents of Connecticut, Massachusetts, New Hampshire, Rhode Island, and Vermont; $200 for residents of Washington, D.C., Maine, and New York; $300 for residents of New Jersey; $400 for residents of Pennsylvania; $500 for residents of Delaware and Maryland; $600 for residents of Florida, North Carolina, Ohio, Virginia, and West Virginia; $700 for residents of Arizona, Arkansas, Illinois, Indiana, Missouri, Puerto Rico, South Carolina, Tennessee, and Wisconsin; $800 for residents of Alabama, Colorado, Georgia, Iowa, Kansas, Kentucky, Louisiana, Michigan, Oklahoma, and Texas; $900 for residents of California, Mississippi, Nebraska, Nevada, and the U.S. Virgin Islands; $1000 for residents of Canada, Minnesota, New Mexico, North Dakota, Oregon, South Dakota, and Washington state; $1100 for residents of Mexico, and Utah; $1300 for residents of Idaho, Montana, and Wyoming; $1400 for residents of Alaska, American Samoa, Guam, Hawaii, Marshall Islands, Micronesia, Northern Marianas, and Palau.