Types of Financial Aid
Scholarships and grants represent money that does not need to be repaid and account for approximately 87% of all financial aid packages. All Hamilton scholarships are need-based and awarded based on an annual review of your financial aid application materials. The average Hamilton scholarship for 2015-16 academic year was $41,170.
- Hamilton Endowed Scholarships
Hamilton Endowed Scholarships account for roughly 40% of the $38 million scholarship budget, representing gifts from alumni and friends of the college. No separate application is required for consideration of endowed scholarship eligibility.
- Federal Pell Grants
Federal Pell Grants are given to students whose federally-defined expected family contribution is less than $5,235. In the class of 2018, approximately 17% of Hamilton's first-year students are Pell Grant recipients.
- Tuition Assistance Program (TAP) Awards
TAP Awards are based on taxable income for New York State residents.
Outside Scholarships and Tuition Benefits
A student must report outside awards and tuition benefits to the Financial Aid Office, which will first replace work-study and then the loan portion of a student's financial aid package before it will reduce the Hamilton College Scholarship. Neither an outside scholarship nor a tuition benefit will reduce your expected family contribution.