Hello! I'm thinking about applying to Swarthmore and I was wondering what kinds of financial aid options they offer. Can anyone share their experiences or knowledge about this? Thanks in advance!
Swarthmore College is known for its generous financial aid packages and commitment to meeting 100% of demonstrated financial need for all admitted students. They offer need-based financial aid, which means your aid package will be determined based on your family's financial circumstances. Here's a brief overview of Swarthmore's financial aid process:
1. Need-blind admissions: Swarthmore practices need-blind admissions for U.S. citizens, permanent residents, and DACA students. This means that your financial circumstances will not impact their admissions decision at all.
2. No-loan policy: Swarthmore has a no-loan policy, meaning that your financial aid package will be comprised entirely of grants and work-study. Grants are funds that do not need to be repaid, while work-study involves working on-campus or in an approved off-campus job to earn money to help cover the cost of attendance.
3. CSS Profile and FAFSA: In order to be considered for financial aid at Swarthmore, you'll need to complete both the College Scholarship Service (CSS) Profile and the Free Application for Federal Student Aid (FAFSA). These forms help the school assess your family's financial need and determine your aid package.
4. Merit-based aid: Swarthmore does not offer merit-based scholarships. All financial aid is awarded based solely on demonstrated financial need.
5. Outside scholarships: You are allowed and encouraged to apply for outside scholarships, which can help reduce your family's financial contribution. Swarthmore may adjust your financial aid package if you receive outside scholarships, but it will not reduce the total amount of aid you receive. They will first reduce your work-study expectation and then, if necessary, the grant portion of your package.
In summary, Swarthmore offers substantial need-based aid packages without loans and is committed to making education affordable for all admitted students. Do visit Swarthmore's financial aid website for more details on how to apply and for additional resources. And don't forget to use their Net Price Calculator to get an estimate of the financial aid you could expect to receive if you're admitted. Good luck with your application!
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