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Eliminating loans from financial aid packages represents a next step in equalizing the experience for students, regardless of family resources

Eliminating loans from financial aid packages represents a next step in equalizing the experience for students, regardless of family resources

  • Launch Grants
  • Financial Aid Implications
  • Especially for Alums

General

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How is Smith’s financial aid support changing? Smith College has announced an ambitious initiative to financially support students by 1) eliminating loans from its financial aid packages, 2) providing low-income entering students with one-time start-up grants, and 3) providing students receiving institutional need-based grants graduating in 2022 with one-time launch grants. This initiative advances the college’s goal of ensuring that the college experience is equitable for all students, regardless of family finances.

Why is Smith expanding student support? From its inception, Smith College has embodied the principle of education access and equity. Sophia Smith envisioned a college where women would receive an outstanding education, the kind that was, in her time, available only to men. Over the course of our history, we have aspired to enroll the world’s best students, regardless of means, as well as to ensure that students can participate equitably in all that Smith has to offer. Smith provides more than $80 million annually in institutional financial aid, and we have been leaders in enrolling Pell Grant-eligible students. The generosity of alums and donors, as well as prudent management of our finances-especially our endowment-allows us to make this investment at this time.

No-Loan Eligibility

Who is eligible for no-loan financial aid packages? All undergraduate students receiving institutional grant aid-including international students and undocumented students-who meet established deadlines.

Does this program apply to international students? Yes-all undergraduate students, including those attending Smith with a student visa and those with permanent resident status, are eligible. Read more