Hi everyone, kinda new to this so bear with me lol. Could anyone let me know more about the financial aid packages at Amherst? The tuition is a bit high, but I've heard they have great financial aid. Anyone have any insights?
Hello there, your interest in Amherst College and its financial aid policies is valid. It is indeed true that Amherst has an excellent financial aid program. They boast a need-blind admissions policy which means that your ability to pay doesn't affect your chances of admission. This applies to both domestic and international students, which is quite unique since many institutions offer need-blind admissions only for domestic students.
Amherst is also committed to meeting 100% of the demonstrated financial need for all admitted students. This means that they calculate your family's ability to pay for college (you can get an estimate of this by using their net price calculator) and then prepare a financial aid package to cover the remainder of the costs.
In terms of what this package might consist of, most students will receive grant money, which doesn't have to be paid back. Work-study is also often a part of the package, which is where you're given the opportunity to work a part-time job on campus to help meet your financial aid award.
Remember, you will need to fill out the Free Application for Federal Student Aid (FAFSA) and CSS profile to be considered for financial aid. The sooner you complete these after they open (usually in October), the better.
Overall, while the sticker price of Amherst might seem high, they are generous when it comes to financial aid due to their significant endowment fund. This often results in the net price of attendance being significantly lower for students who qualify for financial aid. This can make it an affordable option even for families with modest incomes. Good luck with your applications!
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