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Types of Aid

All undergraduate financial assistance at Middlebury is based on financial need as determined by Student Financial Services.  We do not offer merit scholarships at Middlebury.   The three major types of financial aid are grants/scholarships, student loans, and jobs.

Middlebury is committed to providing an affordable college education by keeping student loan levels low.  Undergraduate indebtedness should not factor into a student's choice of college or career.

The maximum level of awarded student loan debt after four years for all Middlebury financial aid recipients ranges from $7,000 (for our neediest population) to $19,000.

Awarded loan amounts will rise slightly in subsequent years.  The average Undergraduate Federal loan indebtedness at Middlebury is $15,517.

Grants / Scholarships

Grant and scholarship assistance is gift aid that does not have to be repaid.  Your grant assistance could be a combination of College, Federal, and State grants.


Institutional Grant and Scholarships

Federal Pell Grant

Federal Supplemental Opportunity Grant (FSEOG)

State Grants - MA and VT

Outside Scholarships

Outside aid is available from a variety of local, regional, and national sources – including civic and religious organizations, parents’ employers, veteran's benefits, and the National Merit Scholarship Corporation.  Middlebury encourages students to seek out and apply for any and all scholarships for which they may qualify.

If you receive any assistance from a source outside of the College, this aid must be taken into consideration in calculating your financial aid award.  Therefore, you are required to report any such aid, regardless of amount, in writing to the Student Financial Services Office.

Middlebury College allows outside scholarships to first replace the self-help (work and loan) component of the financial aid award.  These amounts may vary by student and are determined by the SFS Office. Any outside aid exceeding the self-help will then reduce Middlebury grant dollar for dollar. Please contact SFS with specific questions.

Outside assistance cannot be used to reduce or replace a part of your family’s contribution.

Federal Work Study / College Job

The College Job or Federal Work Study is also an optional part of your aid package.  You are not required to work, but the College will not replace this portion of your aid.  It is your responsibility to find a job once on campus through the Student Employment Office.  Student accounts are not credited with the amount offered in your aid package; instead, students are paid every two weeks in the form of a paycheck.


Student Loans

Middlebury utilizes the student loans as part of the need-based financial aid award.  You are not required to accept the loan portion of your aid package, but your family will be responsible for any amount you decline.  The loan is applied toward your billed fees from the College.  There are several different types of loans, which are summarized below.

Federal Direct Subsidized Loan

This federally subsidized loan has a fixed interest rate. Click here for current interest rates and origination fees on Federal Direct loans. The interest on the loan is subsidized by the federal government while you are in school.  The loan does not begin to accrue until you begin repayment six months after you graduate or cease to be enrolled at least half time. 

Federal Direct Unsubsidized Loan

This loan is similar to the Subsidized loan described above, except that the federal government does not subsidize the interest while you are in school.  Click here for current interest rates and origination fees on Federal Direct loans. You may either pay the interest quarterly or let it accrue while you are in school.

Middlebury College Institutional Loan

The College loan is reserved for students who do not qualify for need-based federal financial aid or are ineligible due to citizenship status or academic progress.  This loan has a fixed 5% interest rate.  The interest on the loan is subsidized while you are in school.  Interest will not begin to accrue until you enter repayment nine months after you graduate or cease to be enrolled at least half time. 

Student Financial Services

Service Building
84 South Service Road
Middlebury College
Middlebury, VT 05753
P: 802.443.5158
F: 802.443.2065