Financial Aid for Incoming and Current Students Skip Navigation

Financial Aid

Our need-based aid puts a Colgate education within reach, even for students of limited means.

Am I Eligible?

Try our Net Price Calculator to see if you may be eligible for financial aid to attend Colgate.


Please note that the calculator works only for domestic students, and it works best for students applying for aid as incoming first-year students. While the family contribution will be similar regardless of a student’s year in school, job and loan levels vary based on circumstances not addressed by the calculator.


We meet 100% of the demonstrated financial need of our accepted and matriculated students.


Class of 2020
Average* Financial Aid Award

Colgate grant: $44,142

Student loan: $2,500

Campus job: $2,800

Total: $49,442
*The term "average" refers to a mathematical average (mean) of all awards given to aid recipients in the indicated class in its first year.
Pie graph showing breakdown of average financial aid awards

Average Contribution for First-Year Students Receiving Financial Aid

Student: $1,700
Parent: $16,148
Total family contribution: $17,848

Percent of class receiving financial aid: 41.6%

What's in a Financial Aid Award?

Financial Aid

For students who receive financial aid during their first year, awards typically include a Colgate grant, a student loan, and a work-study opportunity. The grant is typically the largest portion of the award.

Grant aid is sometimes called "gift aid," in that it needs to be neither earned nor repaid. Unlike merit scholarships, grant aid is based entirely on demonstrated need. Grants do not carry any extra requirements or stipulations. Our goal is to help students with demonstrated need cover their educational expenses without taking on unmanageable levels of student debt.

Aid packages usually include a modest Federal Direct Loan. Colgate students tend to borrow considerably less than their peers nationwide. For example, Colgate's Class of 2016 had an average debt load of $16,000 as compared to that year's national average of more than $37,000.

Many students receive a work-study opportunity in their aid awards. Having the opportunity to work on campus allows students to invest in their own educations, reducing the need for additional loans while also gaining valuable work experience. The work-study earnings target can generally be earned by working between ten and twelve hours a week, which leaves plenty of time for academics and activities. MORE ABOUT EMPLOYMENT

Students who do not receive aid during their first year at Colgate but who become eligible for assistance in a subsequent year generally receive a loan and job first, then grant to meet remaining need, if any.

Applying for Federal Aid Only?

Domestic students applying only for federal student aid do need not to meet our regular application deadlines, and do not need to submit the CSS PROFILE.

They may instead submit the Free Application for Federal Student Aid (FAFSA) at any time during, or in the months immediately preceding, the academic year for which they are seeking federal assistance.

Contact Information

Phone: 315-228-7431
Fax: 315-228-7050 

Mailing address
Office of Financial Aid
Colgate University
13 Oak Drive
Hamilton, NY 13346
Physical address:
G-10, James B. Colgate Hall 
(down one level from the Admission Office)

Office hours: 8:00 a.m. - noon and 1 - 4:30 p.m. (or until 4:00 p.m. during June and July)