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 2014-15 academic year was $37,500.
Hamilton Endowed Scholarships
Hamilton Endowed Scholarships account for roughly 40% of the $36.6 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 $5,157. 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.