by our College Data Analytics TeamThe majority of students will not be asked to pay the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Colgate University can sound tremendous, but do not forget that almost all students get some type of financial help.
What financial aid options can Colgate offer, and what will you qualify for? Keep reading for more information. Scroll down to see how much school funding could be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The figures below will help you estimate the aid you might receive from Colgate University.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Looking at the entering class at Colgate University, 48% of the incoming full-time class was awarded financial aid (about 385 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 43% | $58,334 |
| Institutional grants & scholarships | 42% | $56,586 |
| Federal Pell grants | 11% | $5,760 |
| State/local grants | 7% | $2,733 |
| Federal student loans | 13% | $4,279 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Colgate, approximately 47% of undergraduates were awarded an average grant or scholarship of $57,342 (for some 1487 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 47% | $57,342 |
| Federal Pell grants | 13% | $5,789 |
| Federal student loans | 12% | $5,005 |
Title-IV recipients living on campus saw average grant aid of $58,284.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $5,914 |
| $30,001 – $75,000 | $13,584 |
| Over $75,000 | $49,286 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $28,786 |
| Off-campus title-IV students | $29,107 |
To get a personalized net price estimate, try Colgate’s NPC: npc.collegeboard.org/app/colgate.
The median federal debt load at Colgate comes to $13,000 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $13,000 |
| Median federal debt (graduates only) | $15,000 |
| Typical 10-year monthly payment (graduates) | $159.02/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The median alone does not show how widely outcomes vary across the student body. These percentiles trace how cumulative federal debt is spread among borrowers at Colgate.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,000 |
| 25th percentile | $8,000 |
| 75th percentile | $18,859 |
| 90th percentile (highest-debt students) | $25,333 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $8,012 |
| Middle income | $10,924 |
| High income | $16,000 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,688 |
| Continuing-generation students | $14,500 |
The figure below distills the debt data into a single burden category for Colgate.
The Stafford loan program is the largest source of federal direct loans to undergraduates. These figures summarize annual Stafford program activity at Colgate:
| Metric | Value |
|---|---|
| Stafford loan recipients | 2998 |
| Total Stafford loan amount | $34,016,270 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 17 |
| Total GI Bill amount | $687,170 |
| Average GI Bill amount per recipient | $40,422 |
References
More about our data sources and methodologies.