Financial Information

Undergraduate College Expenses

Tuition

The tuition charge at Claremont McKenna College for the 2011-2012 academic year is $41,995. Tuition covers only a portion of the actual cost of the education each student receives. The College bears the additional cost through past gifts, now in use as endowments, and through current gifts. These additional resources, in effect, provide every student with a scholarship. Based on recent experience, tuition should be expected to increase every year due to growing costs. At the same time, CMC is committed to helping students who need financial aid through an extensive program of scholarships, grants, loans, and employment. The College reserves the right to change fees at any time.

Part-Time Student Tuition

Students carrying fewer than three courses per semester pay tuition of $6,999.17 per course, and $3,499.58 per one-half course. These part-time student costs, for up to two-and-a-half courses, also apply to CMC students who have received permission to study in absentia. The charge for three or more courses in absentia is full tuition.

Room and Board

• Residence Halls
  The charge for a double room in a CMC residence hall is $7,235 per student, per year. The charge for a single room is $8,135 for the academic year. These rental charges cover only the period when classes are scheduled, and the residence halls are closed for occupation during winter break.
• CMC Apartments
  The rental charges for the four-person, four-bedroom, two-bathroom configuration are $8,175 per student, per year. The charge for the two-person studio units is $8,135 per person, per year.
• Board Plans
  Resident students may sign up for one of three meal plan options:
  
  • 16 meals/$160 Board Plus (per semester) for $6,390 per year
  • 14 meals/$140 Board Plus (per semester) for $6,130 per year
  • 12 meals/$120 Board Plus (per semester) for $5,860 per year
  • 8 meals/$80 Board Plus (per semester) for $5,450 per year

Board Plus dollars can be used to purchase additional meals during the semester at any dining hall at The Claremont Colleges, or to purchase food and beverage items at any of the snack bars at The Colleges that utilize a card reader. Students who commute may purchase meals as they choose. The CMC dining hall is closed during winter and spring breaks. See Guide to Student Life for further residential life policies.

Student Fees

Students are responsible for a variety of fees, including the following:

• Student Activities Fee
  Current students pay a student body fee of $245 per year; fees are used to support student activities.
• Off-Campus Students Fee
  Full-time students living off-campus pay a fee of $200 per year to contribute to the cost of maintaining college facilities that are not only used by on-campus students but also by those living off-campus (for example, the Marian Miner Cook Athenaeum, Emett Student Center, McKenna Auditorium, etc.).
• Vehicle Registration Fee
  All motor vehicles must be registered with the Campus Safety Department during college registration, or within three days after the vehicle is brought to Claremont. The fee for registration is $50 per semester. With a valid registration, sophomores, juniors and seniors may park in designated CMC parking lots with valid registration. Freshmen are not permitted to have cars on campus.
• Laboratory and Other Course Fees
  Students taking courses with a laboratory are charged laboratory fees; some other courses also have fees. After the final date to enter courses, no course fees are refunded. See course descriptions  for applicable fees.
• Library Processing Fee
  The Claremont Colleges’ libraries charge a processing fee for lost library books. The fee is not refundable if a book is later returned.

Other Expenses

Actual costs for a year at CMC include expenses for books and supplies, clothing, travel, recreation and incidentals. Generally, books cost about $900 per year; other expenses vary considerably from student to student, but $1,200 is adequate for most students. There are also fees for parking cars on campus.

Insurance

All students are required to carry health insurance. Informtion is mailed to each student and also is available from the  Student Services Center and the Office of the Dean of Students. An accident and sickness medical policy is available to all full-time students to protect them against major costs. It is designed to supplement care provided by the hhealth service; it includes benefits for accidental injuries, hospitalization, surgery, doctors’ visits in the hostpital, emergency care, and ambulance.

The College assumes no responsibility for loss or damage to students’ personal property; private coverage is advised.

Graduate School Expenses

Graduate Student Tuition, Fees, and Other Expenses

The information on undergraduate expenses, scholarships, and financial aid does not apply to the graduate students enrolled at CMC. The tuition charge for the Master of Arts in Finance program is $49,061 plus the standard off-campus student fee and applicable motor vehicle registration fees for the one-year program. Graduate students will live off campus but may enroll in any of CMC’s meal plans. For further information, including information on required medical insurance, see the Graduate Student Resource Guide at www.cmc.edu/rdschool/academic/masters/. For information on financial aid and scholarships for graduate students, please see the website of the graduate program at www.cmc.edu/rdschool/academic/masters/.

Other Financial Information for Undergraduate Students

Payment Options

• Electronic Check (Highly Recommended)
  The preferred payment option is to make an electronic check (ACH) payment by accessing the Claremont McKenna College online student account system. Students may access their online account via https://portal.claremontmckenna.edu. Authorization for other interested parties to review and make payments on behalf of a student’s account may be granted directly by the student from within the system. No service fees are charged for electronic check payments. Be sure to follow the instructions and carefully input your bank’s routing number and your checking or savings account number. DO NOT use your debit card number.
• Paper Checks Sent via Traditional Mail
  Payment may also be made by sending mail paper checks via traditional mail to be delivered by the U.S. Postal Service to the address below. Please include the student identification number in the memo line of all paper check payments. No cash payments will be accepted at this address.
  
  Claremont McKenna College
  Dept. 8142
  Los Angeles, CA 90084-8142

• Paper Checks Sent via Overnight Courier (FedEx, UPS, DHL, etc.)
  Paper checks may also be sent via overnight courier to the address below. Please include the student identification number in the memo line of all paper check payments. No cash payments will be accepted at this address.
  
  Wells Fargo Lockbox E20001-049
  Claremont McKenna College
  3440 Flair Drive
  El Monte, CA 91731

Monthly Payment Plan

Annual charges may be paid in 8 monthly installments (due on August 20^th, September 20^th, October 20^th and November 20^th for the Fall semester and on January 20^th, February 20^th, March 20^th and April 20^th for the Spring semester). The service charge for the monthly payment plan is $100 per semester. This payment privilege may be revoked for cause.

Due Dates and Delinquent Accounts

Payment are due on the 20^th of each month. Delinquent accounts are subject to late charges. Delinquent payments may cause the suspension of dining hall, residence, and classroom privileges. In the event of repeated failure to make payments on schedule, the privilege of deferred payments under a Payment Plan will be withdrawn. Students who have outstanding charges at the end of a semester may have grades and transcripts withheld until all bills have been paid. A financial hold will be placed on the account and the student will not be allowed to register for the following semester.

Refunds

Students who withdraw during the semester may be eligible for refunds, depending upon the time of the withdrawal. Students must give written notification to the registrar of their decision to withdraw and complete the withdrawal procedures in order to be eligible for any refunds.

Tuition, student body fees, board charges, scholarships, and grants will be prorated based on the number of days a student is registered at CMC, up to the sixty percent point of the semester. After that point, a student is no longer eligible for refunds. Room charges will not be prorated unless a new student occupant is immediately available.

Students suspended or dismissed from the College for disciplinary reasons during the semester receive no refunds.

Summer Session

Fees for the 2012 summer session of Claremont McKenna College will be posted on the CMC website. Information on financial aid for CMC students interested in taking courses offered by CMC during the summer may be obtained from the Financial Aid Office.

Financing Off-Campus Study

• Study Abroad
  CMC students participating in study abroad or international exchange programs are charged CMC tuition, room, and board fees. The ASCMC fee is not charged. CMC pays the study abroad or international exchange program tuition and fees, including room and board. CMC provides a meal allowance for students participating in programs which do not include meals. CMC also provides a travel allowance toward the cost of the round-trip airline ticket for Los Angeles to the study abroad destination. An allowance for local transportation and for international health insurance may also be provided.
  
  Study abroad participants must personally pay for passport and visa fees, cost of medical examinations and immunizations, and refundable security/damage deposits. On site, students pay for personal need such as books, supplies, clothing, medical charges, laundry, postage, recreation, entertainment, phone bills, snacks, and weekend or holiday travel. These costs vary considerably from site to site, and are likely to be higher than in Claremont.
   
• Washington Program
  CMC students participating in the College’s Washington Program continue to pay CMC tuition and student body fee to cover the costs of the academic program, special events, field trips, and transportation. Expenses for housing, meals, health insurance, and local transportation are the responsibility of the participants. Students receiving financial aid continue to receive state and federal aid, as well as private and merit scholarships. Students with CMC grants-in-aid will also continue to receive their grants. For students on the Washington Program the total financial aid package they receive will include a moderate increase in aid, to compensate students for the higher cost of living in Washington, D.C.
• U.S. Exchange Programs
  CMC students participating in U.S. exchange programs pay CMC tuition, room and board, and student body fee. Students receiving financial aid will continue to receive their full CMC package during their semester off-campus. Participants are responsible for transportation expenses to the program.

Financial Aid for Undergraduate Students

Claremont McKenna College coordinates a comprehensive program of scholarships, grants, loans, and student employment with funds from its own resources, federal and state governments, and other sources. Approximately two-thirds of CMC students receive aid to help meet their expenses.

Financial aid is awarded in the form of grants, student employment, or some combination of these sources. The combined aid awarded each student is called a “package.” In 2009-2010, the average grant package from all sources was $33,966.

Students with questions about financial aid should first consult a financial aid officer; appeals may be taken to the chair of the Committee on Admission and Financial Aid, the Committee itself, and, finally, to the President.

Students applying for the Master of Arts in Finance program should consult the director of admission officer for the Master of Arts program for details on available financial support. The information provided in this section does not apply to graduate students.

Eligiblity

To be eligible for federal financial aid, students must:

• have demonstrated financial need (see below)
• be a U.S. citizen or permanent resident
• make satisfactory academic progress (see below)
• be enrolled as a CMC student
• register with the Selective Service, if required
• sign a statement of educational purpose/certification statement on refunds and default

Institutional aid eligibility varies according to the program (i.e., grants, college loans, etc.); in most cases, students must meet the above standards to receive college aid.

• Financial Need
  The total amount of aid awarded a student is based upon need; in calculating that amount, all financial factors in the candidate’s family are considered. The financial need of all recipients is reviewed each year and may be revised depending on family financial circumstances; students and parents must apply annually for financial aid.
  
  Financial need is based on the cost of a CMC education, minus a student’s expected family contribution. Family contribution is calculated from the information provided by students and parents on the Free Application for Federal Student Aid (FAFSA) and the College Scholarship Service (CSS) Financial Aid PROFILE. Federal aid eligibility is calculated by a formula established by Congress. CMC uses a more in-depth formula to establish family contributions for a student’s CMC institutional aid.
   
• Satisfactory Academic Progress
  Continuing eligibility for financial aid requires that students make satisfactory progress toward a degree. To do so, they must meet the following minimum requirements:
  
  • Complete at least three (3) full courses per semester
  • Not be on probation for more than two (2) consecutive semesters
  • Maintain at least a cumulative grade point average of “C” (6.00) or have academic standing consistent with the institution’s requirements
  • Complete the following minimum cumulative number of courses toward the degree:

Students who withdraw from courses, either during the semester or retroactively, are not making satisfactory progress if they complete less than three courses per semester. Students will not receive credit for incomplete courses until all work has been completed and a final grade posted by the registrar. Credit for repeated courses is granted only if the student previously received a grade of “F.”

Length of Financial Aid

First-time new students may receive financial aid for up to eight semesters. Returning students who initially did not receive any financial aid but find themselves in need because of changed circumstances are encouraged to contact the office of financial to explore eligibility.

Eligibility for transfer students is determined by their academic classification at entry and their expected graduation date. The CMC registrar determines the transfer courses accepted toward the degree, which determines the number of remaining semesters for which aid may be offered.

Student Contributions

Students with upper class standing are expected to contribute more towards their expenses than underclass students, because students’ earning power presumably increases as they progress toward their degree.

Off-Campus Students

Undergraduate students living off-campus may have credit balances on their account. These balances are not disbursed until funds creating the balance (a student grant, for example) are received and processed.

Financial Aid and Study Abroad

Students studying abroad through CMC who receive financial aid continue to receive all financial aid while abroad, including state and federal aid, as well as private and merit scholarships. Students with CMC grants-in-aid continue to receive their grants.

California Residents and Cal Grants

CMC requires all students who are California residents to apply for a Cal Grant. To be considered, students must submit a GPA Verification Form certified by a high school or college official no later than March 2; it must be mailed directly to the California Student Aid Commission.

International Students

Although the College occasionally gives financial assistance to international students, it rarely provides them with sufficient funds to cover all expenses. Foreign students who cannot carry a substantial portion of their expenses should not apply to CMC. Merit or need-based financial aid is not available after enrollment.

Federal Regulations and the Academic Year

For federal financial regulations, the academic year consists of two semesters, both 16 weeks in length. Classes begin on a Tuesday in both the fall semester and the spring semester, and the semesters end with the last day of final exams. Students are expected to complete an average of four courses per semester, which is the equivalent of 16 semester units per term, in order to maintain their eligibility for financial aid.

The fall semester includes partial weeks at the beginning of the term and during fall break. Furthermore, because classes meet three days prior to Thanksgiving break, that week also counts toward the sixteen week fall semester. The spring semester begins the third week in January following a winter break. The spring semester is sixteen weeks in length, not including the week of spring break.

Financial Aid Applications

CMC strongly recommends early application for financial aid; students who apply late for financial aid are not guaranteed aid even though they already have been admitted. For further information, contact the Financial Aid Office.

Application forms for grants, scholarships, and loans are available in the Financial Aid Office, or online at http://www.claremontmckenna.edu/admission/finanaid/.

• New Students
  New students admitted for the fall semester (freshmen and transfers) who have demonstrated financial need and applied for financial aid by the deadlines, are awarded the aid they need. While CMC strives to meet each student’s full need, late applicants may not receive scholarships or grants, because of funding caps and needs of “on time” applicants. Candidates should pay close attention to the deadlines for financial aid applications, which may not be the same as admission deadlines.
  
  All freshmen candidates who wish to apply for financial aid must complete and submit the following two forms not later than February 1:
  
  • Free Application for Federal Student Aid (FAFSA) Form
    This form must be submitted directly to the Federal Processor. The FAFSA can be completed on the web by connecting to FAFSA (www.fafsa.ed.gov). Be sure to enter CMC’s institutional code 001170 in the appropriate place on the form.
  • CSS Financial Aid PROFILE Form
    This form must be submitted to the College Board The form is available online at www.collegeboard.org. CMC’s CSS code #4054 must be listed on the PROFILE form. Further information is available from high school guidance counselors or the CMC Admission and Financial Aid Office.
    
    Early Decision (ED) candidates may apply for either Early Decision I or II. Financial aid applicants must file a CSS Financial Aid PROFILE by December 1 for ED I or January 2 for ED II.
    
    Transfer candidates for either fall or spring are only eligible for financial aid if they have submitted both the Free Application for Federal Student Aid (FAFSA) Form, and the CSS Financial Aid PROFILE form by March 1. (Please review above information for freshmen for instructions.)
     
• Returning Students
  Returning students must reapply for financial aid for the next academic year by completing and sending both the FAFSA and CSS Financial Aid PROFILE to the appropriate offices by March 1. CMC distributes renewal application information to all students receiving some form of financial aid in mid-November. If a student does not receive renewal application information, it is the student’s responsibility to contact the Financial Aid Office to obtain the information. The Office makes every effort to communicate about application deadlines and other requirements throughout the year.

Notification

Financial aid award letters are usually sent to new CMC students within a few days or with the letter of admission, assuming the student filed the appropriate forms by February 1. CMC tries to help students make a commitment decision by providing financial aid information as soon as possible. Returning students are notified of their renewal awards by mid-June.

Types of Financial Aid

• Grants
  CMC uses gifts given to the College by individuals and organizations to fund College Grants to help students with their college costs (see Scholarships). Grants are usually available to students who demonstrate a need and apply for financial aid; they range from $1,000 to $50,000 per year, and averaged $30,600 in 2010-2011.
  
  The California Student Loan Commission awards Cal Grants on the basis of academic ability and financial need. CMC requires all students who are California residents to apply every year for a Cal Grant.
  
  Federal Pell Grants are a direct grant from the federal government to students; they range from $400 to $5,550.
  
  Federal Supplemental Educational Opportunity Grants (FSEOG) are awarded to CMC by the government to aid exceptionally needy students. Individual FSEOG grants vary in amount, and are awarded according to CMC’s packaging policies.
   
• Loans
  CMC has a no-packaged loan policy. Therefore, CMC students are not awarded loans as part of their financial aid package. However, students may still request student loans. The William D. Ford Federal Direct Loan Program offers a variety of low-interest federal loans to help students pay for college. These loans are made and insured by the federal government. These loans have an adjustable interest rate that changes each July 1. Six months after graduation or withdrawal, student borrowers begin repayment in quarterly installments. Postponement of repayment is available for graduate studies, military service, and other approved circumstances.
  
  Subsidized Federal Direct Loans are for students who demonstrate financial need; the funds are transmitted electronically or mailed to the College and released in two or more payments. A student must demonstrate need as determined by the College.
  
  Unsubsidized Federal Direct Loans also are available; students may borrow within the same limit and interest rate terms as the subsidized program. With the exception of demonstrating financial need, borrowers must meet all eligibility criteria for financial aid programs. Family income does not affect loan eligibility or disqualify borrowers from obtaining an unsubsidized loan. Although interest rates are the same as for subsidized loans, the federal government does not pay interest on these loans while borrowers are enrolled in school or in deferment; interest payments begin immediately after the loan is fully disbursed, or may be added to the principal balance.
  
  Federal Perkins Loans are low-interest (5 percent) loans for students with exceptional financial need. They are made through CMC’s Financial Aid Office, and CMC is the lender. Annual loan amounts range from $500 to $5,500. Interest accrual and repayment of principal do not begin until nine months after graduation or withdrawal. Postponement of principal and interest payments is available for graduate studies, military service, and other approved circumstances.
  
  For information on federal annual student loans limits, please check the financial aid website at www.claremontmckenna.edu/finaid/.
  
  College Student Loans also are available; CMC uses these funds when needed to supplement federal programs. College loan funds may carry interest, and monthly repayment of the principal usually begins six months after students leave CMC, graduate, or cease enrollment on at least a half-time basis. CMC may postpone repayment for full-time graduate study.
  
  Federal PLUS PLUS Loans are federally-sponsored loans for parents who wish to borrow on behalf of their dependent children enrolled at least half-time in college. The loan must be repaid in full with interest by the parent-borrower. Like Federal Direct Loans, these loans are made by a bank, credit union, or savings and loan association. These loans have an adjustable interest rate that changes every July 1. PLUS PLUS loans are disbursed in two or more payments and are mailed to the College.
   
• Student Employment
  Many students earn part of their college expenses through student employment, funded by the College and the Federal Work-Study program. On-campus jobs are available in such places as the Emett Center, the Athenaeum, the library, building and grounds department, and in a number of academic or administrative offices, as well as the research institutes. Federal College Work Study is a financial aid program that enables CMC to place eligible students in on- or off-campus jobs funded by both the federal program and CMC. Students must apply for financial assistance each year and meet federal eligibility requirements.
  
  Non-Work Study Employment also is available on campus; it is funded through non-Work Study funding and department budgets. These positions are filled directly through the department.Jobs also are available off-campus in Claremont and nearby communities. Access to all on- and off-campus jobs is available through interviews.

Disbursement of Financial Aid Funds

Grants, scholarships and loans are generally disbursed in two installments annually and are credited directly to individual student accounts. Federal Work Study and other student employment earnings are paid bi-weekly directly to the student.

Financial Aid Refund Policies

If a student who receives federal aid withdraws before the end of the semester, the College uses the formula mandated by the United States Department of Education to return these funds. Federal funds must be returned in the following order:

• Unsubsidized Direct Loan
• Subsidized Direct Loan
• Perkins Loan
• PLUS PLUS
• Pell Grant
• Federal Supplemental Educational Opportunity Grant (FSEOG)
• Other Federal Title IV Programs

Work Study is not included in the calculation of a refund.

Short Term Loans

Short term loans are available to students, interest-free, regardless of financial need, when faced with unexpected emergencies. Repayment is required within a short period of time; repayment schedules are established with each student on an individual basis, contingent on his/her unique circumstances. These funds are made available through the Associated Students CMC Loan Fund or the Student Emergency Loan Fund.

Scholarships

Scholarship Programs for Undergraduate Students

• Frank Seaver Leadership Scholarship
  The Frank Seaver Leadership Scholarship is a renewable full-tuition scholarship given to approximately five or more entering freshmen every year. This scholarship is awarded to students who demonstrate exceptional promise to become leaders intent on making a positive impact on the world. All application and supporting credentials must be postmarked by December 1.
  
  Students selected will receive a merit scholarship equal to full tuition (students and their families are responsible for room and board costs as well as individual personal expenses). Additionally, two monetary stipends of $4,000 each will be granted to each Seaver Scholar to use in the pursuit of summer leadership development opportunities such as internships, community service, or academic travel. Throughout their time at CMC, Seaver Scholars will be expected to participate in various small group enrichment program, provided with the intention to further developing their leadership potential.
  
  Students who wish to be considered must indicate their interest on the CMC Common Application Supplement by checking the box at the top of the Supplement form.
  
  Candidates who are selected will be notified by the Office of Admission and Financial Aid at the same time they receive their admission notification letter. Students who are applying Early Decision may also apply for the Frank Seaver Leadership Scholarship. Early Decision applicants who are awarded the Frank Seaver Leadership Scholarship will be notified by April 1.
   
• McKenna Achievement Award Merit Scholarship
  The McKenna Achievement Award is a renewable $10,000 scholarship given to approximately 15 entering freshmen every year. Students who wish to be considered must indicate their interest on the CMC Common Application Supplement by checking the box at the top of the Supplement form. All application and supporting credentials must be postmarked by December 1.
  
  Candidates who are selected will be notified by the Office of Admission and Financial Aid at the same time they receive their admission notification letter. Students who are applying Early Decision may also apply for the McKenna Achievement Award. Early Decision applicants who are awarded the McKenna Achievement Award will be notified by April 1.
  
  Finalists for the McKenna Achievement Awards are chosen from among all candidates for admission who have straight A’s or nearly straight A’s in high school, whose SAT scores are 680 or higher in each section, or whose ACT composite score is 31 or higher, and who have significant extracurricular achievement. Finalists must attend an interview program on campus in early March (at the College’s expense), and are notified of the final awards in early April.
  
  These awards are made possible through the special assistance of the H.N. & Frances C. Berger Foundation, the Donald C. McKenna Foundation, Harris and Ann Seed, Shirley Smith Peschka, the Alice Tweed Tuohy Foundation, and the Uhlmann Foundation. The awards are:
  
  • Berger Scholarships
  • McKenna Achievement Awards
  • Seed Scholarships
  • Tuohy Honor Scholarships
  • Uhlmann Scholarships
  • SUMMIT Scholarships

Academic scholarships are awarded with the expectation that recipients will perform academically at a level commensurate with their ability. To remain eligible for McKenna Achievement Awards Program scholarships, students must maintain a GPA of B (9.00) and make satisfactory progress towards the degree. The two most recent consecutive semesters are used to determine if a student has met these standards. If a student fails to meet these requirements, the scholarship is suspended until the requirements are met.

• Interdisciplinary Science Scholarship (ISS)
  A grant from The Bill & Melinda Gates Foundation funds the Interdisciplinary Science Scholarship (ISS), providing full-tuition scholarships for 10 to 13 entering freshmen every year. Designed for students interested in pursuing both a science and non-science double or dual major while at CMC, students will be asked to explore the idea of science leadership via a dual or double major such as government-biology, international relations-physics, chemistry-Spanish or one of a host of other possible combinations available within CMC’s exhaustive curriculum.
  
  Specifically, the scholarship awards will be focused on outstanding students from lower-income households. ISS Scholars will be selected based on financial need, academic excellence, leadership potential, and passion for science. They will be required to graduate with a dual or double major in a science and non-science discipline.
  
  Students who wish to be considered for the ISS scholarship should apply to CMC by submitting both the Common Application and the CMC Supplement to the Common Application. Students should be sure to indicate intended majors in both a science and non-science discipline. In addition, students should fill out the FAFSA and College Scholarship Service PROFILE.
   
• National Merit Scholarships
  Each year, CMC sponsors several National Merit Scholarships and grants awards of $1,000 or $2,000. National Merit Scholarships are offered in addition to any aid based on need, with the exception of CMC-sponsored National Merit Scholarships. In some cases, other College grant aid may be reduced to coordinate with California State Grants and Federal Programs.
   
• Reserve Officer Training Corps Scholarships
  Army Reserve Officer Training Corps (ROTC) Scholarships are available to qualified applicants, including entering freshmen. For details, see Military Science  in Special Academic Programs. Air Force ROTC Scholarships are available through the AFROTC program at Harvey Mudd College on a competitive basis. For information, contact the Department of Aerospace Studies at Harvey Mudd College, (213) 740-2670. Applications for four-year ROTC scholarships for new students are due on November 15 of the year prior to entrance. Two, three, and three-and-one-half year scholarships are awarded throughout the academic year.
   
• Margaret Martin Brock Internship Award (Washington Program)
  The Margaret Martin Brock Internship Fund is an endowed fund whose income is available to supplement general expenses each semester for two students who participate in the Washington Program. This scholarship is awarded by the selection committee for the internship program; no application is required.
   
• The Mary and Richard Butler Award (Study Abroad)
  Thanks to the generosity of trustee Dick Butler, CMC students who receive need-based financial aid and who have never traveled overseas, are eligible to apply for a study abroad travel grant. The grant will be credited toward travel expenses to and from the program. Eligible students apply through the Office of Off-Campus Study after they are approved for study abroad by CMC.
   
• The Asia Financial Group Exchange with the Chinese University of Hong Kong (Study Abroad)
  The Asia Financial Group has provided funding for two $2,500 semester merit scholarships per year for CMC students interested in studying at the Chinese University of Hong Kong. Students approved for study at the Chinese University of Hong Kong are automatically entered for this scholarship through the Office of Off-Campus Study. The grant will be credited toward academic expenses for the program.
   
• National Security Exchange program (NSEP) David L. Boren Undergraduate Merit Scholarships (Study Abroad)
  NSEP Boren Scholarships provide support to U.S. undergraduate students pursuing the study of languages and cultures currently underrepresented in study abroad and critical to U.S. national security. These merit scholarships for students with financial need provide up to $10,000 for a semester of study abroad through CMC ($20,000 for a full academic year). For further information, see Study Abroad  in Special Academic Programs.
   
• The Robert Day Scholars Undergraduate Program
  The Robert Day Scholars Program for undergraduates provides financial support for highly motivated seniors with excellent academic records, significant leadership aptitude, and a clear interest in leadership roles in business, finance, government, and not-for-profit organizations. Students apply in their junior year to become Robert Day Scholars during their senior year. During the senior year, scholars take coursework in economics, finance, accounting and organizational psychology. All applicants must have completed coursework in economics and mathematics in preparation for the senior year program but students from all majors are eligible to apply. The program is open to qualified students from The Claremont Colleges and all Robert Day Scholars receive a merit fellowship toward tuition during their senior year. For further information, see Special Academic Programs .

Scholarship Programs for Graduate Students

Significant scholarship funding is available for students participating in the Master of Arts in Finance program. Scholarships are determined as part of the admission process to the Master of Arts in Finance  program.

Undergraduate Scholarships and Grant Funds

CMC provides a comprehensive scholarship and grant fund from its own general institutional resources. In addition, numerous donors have established several hundred scholarships to fund CMC grants. These funds are awarded based on specific donor preferences. To learn more about specific awards, contact the Financial Aid Office. Students must complete the financial aid application process to be considered for these scholarships and grants. 

Funds provided by donor gifts include Alumni Fund Annual Scholarships, with major gifts from:

 Additional scholarships include the following generous donors: