If you are eligible for federal and/or institutional financial aid, you will receive a financial aid award letter from the financial aid office. Your award letter will list your financial aid for the appropriate terms (fall and spring, fall only, or spring only). Review this letter with your parents.
You may adjust your federal student loan amount on the award letter. You may also decline or adjust your work study award. Be aware that if you reduce or decline the recommended student loan, you will not be eligible for additional institutional or auxiliary institutional grant aid.
Be sure to review the assumed housing and meal plan used to calculate your award. There is a reduction in your financial aid budget if you do not purchase the full meal plan, resulting in a reduced Hampshire grant. Please contact the financial aid office immediately if our assumption does not reflect your plans.
You need to sign the award letter and return it to the financial aid office promptly. We need your authorization to post your awards to your College bill, and to originate your federal aid. By signing the award letter you also acknowledge your responsibilities, the terms, and conditions of your awards as outlined below in the statement of award terms.
If we do not receive your signed award letter by early August (for fall term) or by early January (for spring term), you will have an e-check-in hold for the following term. We will release this hold after receiving a signed award letter from you.
If you are planning to be on field study or exchange, be sure to sign and return your award letter to the financial aid office before leaving the area or the country to avoid any delays.
You may request a second review of your financial aid application because of significant changes in your family's financial situation by completing a Financial Aid Appeal Worksheet. The information presented on this appeal should be new information or information that has changed significantly from your initial application. These circumstances may include a death of a parent, a parent's loss of employment, and extraordinary medical, special needs, or elder care expenses that were not included on the original application. Please contact the financial aid office to request this appeal form.
You may request a mid-year review of your financial aid application to indicate significant changes to your family's financial situation which ocurred during the current year. This review process would happen in December or early January to determine if we can make a change to your Hampshire Grant for the Spring term. For example, if you are enrolled for the 2014-2015 year, we are basing your financial aid on 2013 income. If your parent lost her job in May 2014 you may request a mid-year review in December. You will explain to us how the lost of your mother's job impacted your family's resources for 2014. Based on the information you provide, we will determine if we can provide additional funding for the Spring 2015 term.
STATEMENT OF AWARD TERMS: By signing your financial aid letter you agree to the following responsibilities, terms, and conditions
1. I must officially sign my award letter to accept my awards.
2. I must provide the necessary documents for the financial aid office to finalize my awards.
3. I must notify the financial aid office of all outside awards I receive.
4. I must notify the financial aid office of any changes in the college or secondary school plans of any siblings.
5. I must apply for the Federal Pell Grant using the FAFSA and indicating Hampshire as a recipient (use code 004661).
6. I must apply for my state's scholarship (if resident of CT, MA, PA, RI, or VT) by the state's deadline using the FAFSA and any other application the state requires.
7. I must reapply each year for a renewal of my financial aid.
8. I must be making satisfactory academic progress, as stated in Hampshire College publications, to continue to receive aid.
Terms of your awards
1. I understand that financial aid cannot be credited to my student account until 10 days before classes begin each semester.
2. If I do not receive the private outside awards included in this award, I must cover the deficiency with increased family contribution or loans.
3. If I am awarded appeal funding and subsequently decline my federal loans, I understand that the appeal funds will be withdrawn and my bill will be increased.
4. I understand that the self-help (loan and work) portions of the award are optional, except that students who decline the recommended student loan are not eligible for additional institutional or auxiliary institutional grant aid.
5. I authorize the director of financial aid to share the information contained on my award letter with other authorized College, federal, state, and private officials on a "need to know" basis.
6. If I go on leave or withdraw after the beginning of the semester, I understand that there may be a return of funds from each financial aid program that provided assistance according to the federal return of funds formula. In some cases this may result in an amount due on the college bill.
7. I understand that my Hampshire grant will be reduced if I am not purchasing the College's full meal plan.
Conditions of your awards
1. Hampshire reserves the right to adjust this award if anticipated federal and state funds are not received.
2. This award shall become null and void if and when incorrect information, false statements, or misrepresentations are revealed.
3. Hampshire reserves the right to adjust this award (retroactively, if necessary) if an error is discovered regarding eligibility.
4. Hampshire will adjust this award to prohibit any student from receiving more aid than the amount of need demonstrated by the methodology.
If you have any questions or concerns about your financial aid letter, please call the financial aid office at 413.559.5484 or email us at email@example.com.