These are frequently asked questions regarding financial aid and the application process. If you have additional questions, please feel free to contact us. Our contact information is listed at the bottom of the page.
There are many things you can do to help prepare yourself for the financial aid process and to pay for college. Review the list of things to do while in high school.
We recommend you apply for financial aid at the same time you apply for admission.
We recommend you complete the online version at fafsa.gov. The online version is faster and more efficient for you to use. You may create a Federal Student Aid (FSA) ID prior to completing the FAFSA. If you are a dependent, a parent will need to create their own FSA ID. You and your parent will use the FSA ID to electronically sign the FAFSA.
If you are an international or undocumented applicant, you may complete the petition to waive your non-custodial parent form. This, along with a letter from a third party, will be used to determine if we can waive the information from your non-custodial parent.
The FAFSA is free. There is a processing fee on the CSS Profile. We are not able to provide fee waivers for the CSS Profile.
The FAFSA is required each year for domestic students. For international & undocumented applicants, the CSS Profile is only required for your first year of enrollment at Hampshire College; we do not require the form to be submitted after your first year. We do not require the Non-custodial Parent Profile after the first year for international & undocumented applicants.
Using data reported on the FAFSA for domestic applicants and the CSS Profile if an international or undocumented applicant, we determine a reasonable family contribution. Financial assistance is based on your financial need, which is defined as the difference between the cost of attendance and what a family is expected to contribute.
Merit scholarships are available through the admissions application process. Merit scholarships are good for up to eight semesters. You do not need to submit the FAFSA or the CSS Profile to be considered for a merit scholarship.
Hampshire College offers matching grants including the National Service Education Awards (AmeriCorps), Scholarship America Awards, and the Yellow Ribbon Awards.
Most applicants will be notified by email. International applicants will receive a paper notification; this paper award letter will need to be signed by both the applicant and the parent.
Loans and work study awards are optional. You do not need to accept these awards. Instructions on how to decline these awards will be in your award notification.
Yes and no. Colleges must follow the same regulations for federal aid. Institutional aid policies may vary from college to college. Review the aid policies at each college to be informed.
A first-year student may borrow up to $5500 for the year. A second-year student may borrow up to $6500 for the year. Third and fourth-year students may borrow up to $7500 each year. There are maximum amounts of subsidized loans per year. A first-year student's loan may be subsidized up to $3500 for the year; a second-year student's loan may be subsidized up to $4500 for the year, and third and fourth-year students' loans may be subsidized up to $5500 for each year. So, if you are a second-year student, your annual limit is $6500 and your subsidized limit is $4500. This means that the remaining $2000 would be unsubsidized.
Subsidized student loans are not charged interest while you are enrolled in school at least half time. Unsubsidized student loans are charged interest as soon as the College receives funds from your loan.
Yes, a parent may apply for a federal Parent Loan for Undergraduate Students (PLUS) on behalf of their student. A parent may apply for the Parent PLUS loan at StudentAid.gov. The amount of the PLUS loan may cover the difference between the cost of attendance and the amount of financial aid the student is receiving.
If the Parent PLUS loan application is denied, then the student may borrow an additional unsubsidized federal Direct student loan. The annual limits for the additional unsubsidized loan is $4000 for first and second-year students, and $5000 for third and fourth-year students. These additional loans need to fit within the student's cost of attendance; a student is not able to receive more aid, including loans, than the cost to attend the college. The student requests these additional loans through the financial aid office after the PLUS loan application is denied.