Admission & Aid
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A typical Colgate financial aid award combines a Colgate Grant, a student loan, and a campus job. Colgate Grant funds constitute the largest portion of most regular aid awards.
For a loan, students will receive a Federal Direct Loan, which for 2011-12 has a fixed interest rate of 3.4%; a Federal Direct Unsubsidized Loan, which has a fixed interest rate of 6.8%; and/or a Federal Perkins Loan, which carries a fixed interest rate of 5%. The type of loan received depends on a student's federal eligibility and on the availability of funds.
Campus jobs provide ten to twelve hours of employment per week, enough to earn the expected contribution without interfering with time for academics and activities. Most campus offices, departments, programs, and libraries employ students. Those students with a work-study award will receive priority in hiring for on-campus jobs, but students who do not have work-study awards may still find positions available.