Types of Aid

Hamilton is committed to meeting the full demonstrated financial need of all accepted students through a combination of scholarship and self-help (loans and work-study). Families apply for financial aid each year so that changes in circumstances can be considered.

Scholarships And Grants

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 scholarship for 2016-17 academic year was $41,825.


The amount of work-study offered to a student in his/her financial aid award is based on demonstrated financial need. Work-study is the “self-help” portion of a student’s financial aid award (along with loans). Whether or not a student works the number of hours required to fulfill the awarded amount of work-study is a decision each student must make based on their ability to hold a job while attending classes during a semester. If a student decides not to work, this would increase the expected family contribution.

Loans for Students

Federal Direct Loans
  • Subsidized loans do not begin accruing interest until after college graduation and have a fixed interest rate of 5.045% with a 1.066% origination fee.
  • Unsubsidized loans accrue interest upon disbursement and have a fixed interest rate of 5.045% with a 1.066% 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 located here. Depending on eligibility, additional loans may be borrowed to offset the expected family contribution.

More information about student loans

Loans for Parents

PLUS Loan (Parent Loan for Undergraduate Students)

PLUS loans are available to cover the difference between the cost of attendance and financial aid.

  • Borrower must be a U.S. citizen or permanent resident and must pre-qualify by passing a credit check. Once approved, the credit check is good for 180 days.
  • 7.595% fixed interest rate and an origination fee of 4.264% (deducted from each loan disbursement). Interest begins to accrue on the loan from the date of the first disbursement.
  • Loan proceeds will be credited directly to the student's account within ten days prior to the start of classes for each semester.
  • Repayment begins within sixty days after the full disbursement of the loan.
  • Parent can request deferment to postpone repayment for up to six months after student graduates by selecting this option when completing the PLUS Loan application online.

More information about parent loans

Financing Options

While the financial aid award is intended to meet the demonstrated need of each family, many families finance their expected family contribution over a number of months or years using a monthly payment plan or combination plan.

Contact Information

Office of Financial Aid

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