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Loans for Students


Most financial aid awards consist of scholarships, work-study and loans. The average total student indebtedness has ranged from $16,500-$21,500 in recent years.

Federal Direct Loans

Student Loan Limits*

Year of Study
Maximum Subsidized /
Unsubsidized Base Amount
Additional Unsubsidized
Maximum Eligibility
Freshman $3,500 $2,000 $5,500
Sophomore $4,500 $2,000 $6,500
Junior $5,500 $2,000 $7,500
Senior $5,500 $2,000 $7,500

*Certain international students, including Canadian citizens, may be awarded institutional loans in accordance with the subsidized portion of the table above.

Additional Federal Loan Information

  • Borrower must be a U.S. citizen or eligible non-citizen.
  • Subsidized loans do not begin accruing interest until after college graduation and for the 2018-19 academic year have a fixed interest rate of 5.045% with a 1.062% origination fee.
  • Unsubsidized loans accrue interest upon disbursement and for the 2018-19 academic year have a fixed interest rate of 5.045% with a 1.062% origination fee.
  • Repayment begins six months after the student graduates or drops below half-time enrollment.
  • Hamilton includes only subsidized loans in our financial aid awards, and the loan amount awarded yearly will increase according to the chart above. Depending on eligibility, additional loans may be borrowed to offset the expected family contribution.
  • Loan proceeds will be credited directly to the student's account.
  • Additional information is available via the Direct Loan Basics for Students brochure.

Student loan application requirements:

See financing options and loans for parents.

Contact Information


Office of Financial Aid

800-859-4413 315-859-4962 finaid@hamilton.edu
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