Claremont McKenna College

National College Match Scholarship Package

These numbers reflect estimated student expenses for the 2020-2021 school year. Amounts will change slightly from year to year, but as the cost of college increases, the scholarship packages will correspondingly increase. Your official financial aid award will be included in a letter directly from CMC.

Annual Cost of Attendance

Tuition

$56,190

Room & Board

$17,300

Books & Supplies

$1,200

Travel

Varies

Personal

$1,500

Required Fees

$785

Health Insurance

Varies

Total

$76,975

How Annual Costs Are Covered

Grants

$71,275

Federal Work-Study

$3,500

Student Summer Work Contribution

$2,200

Student Savings

$0

Parent Contribution

$0

Student Loan

$0

Total

$76,975

Policy Regarding Outside Funding
Students are encouraged to pursue outside funding to help finance books, travel, personal, and health insurance expenses. Outside aid which exceeds these budgetary items, will reduce Claremont McKenna College Scholarship dollar for dollar. With the scholarship sponsor's permission, outside funding can be used to purchase a personal computer to minimize the Claremont McKenna College scholarship reduction. Federal and state grants are not considered outside funds.

Policy on Books and Travel Allowance
Students are expected to cover their own books and travel expenses as part of their contribution from summer work and/or academic year earnings. The book allowance is based on the amount students typically spend for books and supplies. Travel allowances are based off the permanent home address of the student. Grant aid is not provided for these costs of attendance.

Policy on Health Insurance
Claremont McKenna College requires all students to have adequate health insurance, either through the college or their family. Claremont McKenna College provides grant assistance for half the cost of the college health insurance ($1,328) if students are required to utilize the College’s health insurance plan. Students may request a loan for the second half ($1,327) if they do not have outside scholarship funding to cover this amount.

Requirements Associated with Maintaining this Award
Students must maintain satisfactory academic progress toward graduation to remain eligible for financial aid. Scholarship is only guaranteed for 8 semesters. In very limited cases, additional semesters of aid may be available through an appeal process; but if the appeal is granted the package will include loans. QuestBridge Scholars will need to reapply for financial aid each year of attendance.

Other Details
Students cover their own personal expenses, books, travel expenses, and a portion of their living expenses from summer work and/or academic year earnings. The expected student work-study increases from year to year. Estimated amounts for 2020-21 are as follows:

    First year: $3,500

    Second year: $3,500 

    Third year: $3,500

    Fourth year: $3,600 

Students who study abroad sophomore or junior year may take out a loan because they cannot participate in work-study while abroad.  If they are off-campus for one semester, they are permitted to work up to the full amount of their work-study award during the semester they are on campus.