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Smith College announced a series of improvements to its financial aid packages Friday. Among them:
- Beginning next fall, there will be no loans, only grants, in need-based financial aid packages.
- Incoming undergraduates with an expected family contribution of less than $7,000, as determined by Smith, will receive one-time “start-up grants” of $1,000 in addition to their financial aid package.
- For seniors receiving need-based institutional grants who are graduating in January or May 2022, the college will offer one-time “launch grants” of $2,000 to help them with the costs of transitioning to life after college.