Additional Resources
Harvey Mudd Publications
General Financial Aid Information
- The College Board Online
This site provides an excellent overview of financial aid, as well as calculators with which you may estimate your family’s contribution (if you do so, make sure to select Federal and Institutional Methodology). - The College Board’s How to Spot Scholarship Scams
- College Navigator
A free consumer information tool designed to help students, parents, high school counselors and others get information about colleges. - FinAid.org
A comprehensive site on financial aid, this site provides links to major scholarship and loan sources as well. - California Student Aid Commission
Provides information on the Cal Grant Program and the California State ScholarShare 529 Program.
Tax Credits
IRS Publication 970 Tax Benefits for Education: Information about federal programs designed to support families paying higher education expenses by providing tax benefits to students and their families. The most commonly used tax benefits include:
American Opportunity Credit
Worth up to $2,500 of the cost of tuition and related expenses. For single filers, the phase-out begins at $80,000, and you lose the credit entirely at $90,000. For married filing jointly, the phase-out begins at $160,000, and the credit goes to zero at $180,000.
Lifetime Learning Credit
A tax credit of up to $2,000 (20 percent of the first $10,000) for educational expenses. For single filers, full credit allowed up to $80,000, then phases out between $80,000 and $90,000, and disallowed at $90,000 or more. For married filing jointly, full credit up to $160,000, phase-out between $160,000 and $180,000, and disallowed at $180,000 or more.
Student Loan Interest Deduction
Interest paid on education loans can be deducted up to $2,500, even if the tax filer does not itemize deductions. For single filers, phase-out begins at $80,000 and fully phased out at $95,000. For married filing jointly, phase-out begins at $165,000 and eliminated at $195,000.
Coverdell Education Savings Account (ESA)
Families can contribute up to $2,000 per year tax free for each child under 18 in the child’s name toward education expenses. For single filers, full eligibility up to $95,000, then phased out gradually up to $110,000, above which no contributions are allowed. For married filing jointly, Full eligibility up to $190,000, then phased out gradually up to $220,000, above which no contributions are allowed.
Financial Aid Tools & Calculators
- Department of Education’s Repayment Estimator
Use the Repayment Estimator to estimate your federal student loan payments under each repayment plan. - The College Board’s Tools & Calculators
Tools and calculators for everything from Expected Family Contribution to loan repayment. - Sallie Mae’s College Planning Tools
Tools and calculators about planning and budgeting, reducing the cost of borrowing and evaluating repayment options. - FinAid.org Calculators
Offers online calculators on a wide range of student finance issues, from need analysis to loan repayment.
Afford Resources
- Net Price Calculator
- HMC Applicant Hub – For Applicants and Admitted Students
- Financial Aid @ HMC Portal – For Current Students
- Admission and Financial Aid Announcements
- Applying for Financial Aid
- Downloadable Forms
- Handshake Job Search
- CSS Profile
- Free Application for Federal Student Aid (FAFSA)
- Institutional Documentation Service (IDOC)
- studentaid.gov
- Direct Loan Exit Counseling
- Direct Loan Exit Counseling Guide (PDF)
- Consumer Information Disclosures
- Outside and Private Awards
- Understanding Your Financial Aid Package (PDF)
- Federal Direct Loans (PDF)
- Contact Financial Aid
- Submit Requested Document(s) Online
Personal Information in Emails
Be sure to redact all personal identifiable information (PII), such as, social security numbers, date of birth, etc. when sending documents via email.