by our College Data Analytics TeamThe total cost of attendance at Colgate University can seem overwhelming, but remember that the majority of students receive some sort of financial assistance. This could be in the form of scholarships, grants, work-study, or loans.
Discover the financial aid possibilities at Colgate and learn what assistance you might qualify for by continuing to read.
Colgate University average financial aid offer for freshmen students is $49,065.00. About 50% of first year students receive financial aid, most of which is in the form of grants and scholarships.
Financial aid contains loans, grants, and scholarships. But college loans need to be repaid, thus they are not a real college discount.
Concerned about the student loans that might be part of your financing deal? Look at the average amount of debt per student at Colgate University.
Financial awards given by a college or university to its students, known as institutional scholarships and grants, help to offset the cost of tuition and other education-related expenses. These awards fall into two categories: merit-based and need-based, and they do not need to be paid back. Merit-based institutional scholarships are granted to students who have shown outstanding academic accomplishments, special talents, or abilities in a particular field. Factors such as high school performance, standardized test results, or involvement in extracurricular activities often contribute to these scholarship decisions. Conversely, need-based institutional grants cater to students who demonstrate financial need. The awarded amount is typically based on the student’s family’s financial standing and is intended to cover the difference between the cost of attendance and the family’s ability to contribute. Colleges and universities might use data from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms to determine a student’s eligibility for need-based grants. Institutional scholarships and grants are a vital source of financial support for students, as they can significantly reduce the cost of attending college and help make higher education more accessible.
The stats below refer to aid that is provided by Colgate University.
42% of first-year students (327 total) were offered scholarships at Colgate University, averaging $47,688.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 31% of freshmen (243 total) received a federal grant, for about $2,882.00 a person.
Amount of Financial Assistance Per Income Level
The table shows scholarship and grant allocations by income for first-year students receiving any type of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 5.34% | $64,238.00 |
| Income 30k-48k | 2.93% | $67,803.00 |
| Income 48k-75k | 3.05% | $57,443.00 |
| Income 75k-110k | 4.33% | $50,398.00 |
| Income 110k + | 9.16% | $29,318.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
50% of the 786 undergraduates at Colgate University receive some sort of grant aid. This is a total of about 331 students getting an average of $49,065.00 per person.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.