Financial Aid for Incoming and Current Students Skip Navigation

Financial Aid

Colgate is committed to meeting 100 percent of the demonstrated need of all admitted students.  If you are interested in attending Colgate but worried about costs, we encourage you to apply, as you may be eligible for need-based assistance.

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.


To learn how to apply for financial aid, please select the option that best describes you or your student:


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


Class of 2019
Average* Financial Aid Award

Colgate grant: $41,302 

Student loan: $2,500

Campus job: $2,800

Total: $46,602
*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 chart showing the breakdown of financial aid by type

Average Contribution for First-Year Students Receiving Financial Aid

Student: $1,700
Parent: $14,781
Total family contribution: $16,481

Admitted aid applicants with demonstrated need met in full: 100%
Percent of class receiving financial aid: 43.4%

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. The Class of 2015, for example, had an average debt load of $16,000 as compared to the national average of more than $35,000.

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, offsetting 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 loans and a job first, then grant to meet remaining need, if any.

Applying for Federal Aid only?

Domestic students applying only for federal student aid need not meet our regular application deadlines, and need not 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.

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