Hi everyone, getting a little (a lot) stressed about college costs. Anyone know how generous Colgate University is with financial aid? Is it need-based, merit-based, or a mix?
Colgate University is well-known for its commitment to meeting 100% of the demonstrated financial need of its students. So, you'll find much of their aid is need-based rather than merit-based.
Additionally, they implemented a new policy called the "No-Loan Initiative," for families with an annual income of up to $175,000. Under this policy, the families eligible will have their loans in the financial aid package replaced with additional Colgate Grant aid.
However, merit scholarships at Colgate are also available, but they are less abundant compared with the need-based financial aid. These are some examples of the types of merit scholarships available: Alumni Memorial Scholars, George W. Cobb Fellows, and Benton Scholars.
To have a more personalized estimate of the aid package you might receive from Colgate, the university provides a Net Price Calculator on their website that you can utilize. You should definitely check that out to get a better idea of how much financial assistance you might receive if you attend Colgate.
Keep in mind that in order to be considered for need-based financial aid, both the Free Application for Federal Student Aid (FAFSA) and the CSS/Financial Aid profile must be completed.
I hope this information helps you in making your decision!
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