| Overall Rating | Gold |
|---|---|
| Overall Score | 77.56 |
| Liaison | John Pumilio |
| Submission Date | Oct. 11, 2022 |
Colgate University
PA-8: Affordability and Access
| Status | Score | Responsible Party |
|---|---|---|
|
4.00 / 4.00 |
John
Pumilio Director of Sustainability Sustainability Office |
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indicates that no data was submitted for this field
Provide at least one of the following figures:
100
Percentage of students graduating without student loan debt:
77
Percentage of entering students that are low-income:
52
Graduation/success rate for low-income students:
100
Optional Fields
Colgate meets 100% of accepted students' demonstrated need with a combination of grants, part-time employment, and a modest student loan. The Colgate financial aid program covers room and board, and study abroad, which are left out of the state Excelsior Scholarship plan. Through this investment, Colgate supports access to quality education for students from all socioeconomic backgrounds.
Through a focused fundraising initiative and top priority in the university's Third-Century Plan, Colgate recently launched the Colgate Commitment.
The COLGATE COMMITMENT
The Colgate Commitment marks a milestone in the University’s progress to make a Colgate education affordable to as many talented, high-achieving students as possible, regardless of their socioeconomic background.
For eligible domestic students, beginning fall 2021, this comprehensive financial aid initiative will:
eliminate tuition,
significantly reduce student debt, and
adjust tuition based on the family's income levels.
Full Tuition Support
Students with an annual family income of $80,000 or less will attend Colgate tuition-free.
Aligning Income and Tuition Costs
Students with annual family income levels between $80,000 and $150,000 will pay a percentage of annual income toward tuition.
Expanding the No-Loan Initiative
Students with annual family income levels up to $150,000, an increase from $125,000, will have their federal loans replaced with grants.
Through a focused fundraising initiative and top priority in the university's Third-Century Plan, Colgate recently launched the Colgate Commitment.
The COLGATE COMMITMENT
The Colgate Commitment marks a milestone in the University’s progress to make a Colgate education affordable to as many talented, high-achieving students as possible, regardless of their socioeconomic background.
For eligible domestic students, beginning fall 2021, this comprehensive financial aid initiative will:
eliminate tuition,
significantly reduce student debt, and
adjust tuition based on the family's income levels.
Full Tuition Support
Students with an annual family income of $80,000 or less will attend Colgate tuition-free.
Aligning Income and Tuition Costs
Students with annual family income levels between $80,000 and $150,000 will pay a percentage of annual income toward tuition.
Expanding the No-Loan Initiative
Students with annual family income levels up to $150,000, an increase from $125,000, will have their federal loans replaced with grants.
A brief description of notable policies or programs to support non-traditional students:
The Office of Undergraduate Studies provides support to students who face non-traditional experiences with university studies, including first-generation students. Students who are accepted to OUS have achieved success while systematically pursuing the most demanding academic paths open to them. They have prevailed in the face of personal, economic, educational, cultural, or social challenges. Admission to OUS is determined at the time of admission to Colgate, and no separate application is necessary. Admission to OUS includes a four-year program of study that includes access to living-learning communities, academic research and study abroad programs, and additional career services support.
Colgate participates in the Yellow Ribbon Program, a component of the Post-9/11 GI Bill, for military veterans. Under this program, veterans or dependents of veterans may receive financial assistance to pay for private university tuition through a partnership between Colgate and the VA.
Colgate participates in the Yellow Ribbon Program, a component of the Post-9/11 GI Bill, for military veterans. Under this program, veterans or dependents of veterans may receive financial assistance to pay for private university tuition through a partnership between Colgate and the VA.
Estimated percentage of students that participate in or directly benefit from the institution’s policies and programs to support low-income and non-traditional students:
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Website URL where information about the institution’s accessibility and affordability initiatives is available:
Additional documentation to support the submission:
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Data source(s) and notes about the submission:
https://www.colgate.edu/admission-aid/financial-aid/colgate-commitment
https://www.colgate.edu/news/stories/colgate-awards-more-15-million-through-no-loan-initiative
https://www.colgate.edu/news/stories/colgate-university-launches-colgate-commitment
https://www.colgate.edu/about/offices-centers-institutes/provost-and-dean-faculty/office-undergraduate-studies
https://www.colgate.edu/admission-aid/financial-aid
https://www.colgate.edu/news/stories/colgate-awards-more-15-million-through-no-loan-initiative
https://www.colgate.edu/news/stories/colgate-university-launches-colgate-commitment
https://www.colgate.edu/about/offices-centers-institutes/provost-and-dean-faculty/office-undergraduate-studies
https://www.colgate.edu/admission-aid/financial-aid
The information presented here is self-reported. While AASHE staff review portions of all STARS reports and institutions are welcome to seek additional forms of review, the data in STARS reports are not verified by AASHE. If you believe any of this information is erroneous or inconsistent with credit criteria, please review the process for inquiring about the information reported by an institution or simply email your inquiry to stars@aashe.org.