Types of Aid
Scholarships and grants represent money that does not need to be repaid. All Hamilton scholarships are need-based and awarded based on an annual review of your financial aid application materials. The average scholarship for 2020-21 academic year was $48,324.
The amount of campus employment offered to a student in his/her financial aid award is based on demonstrated financial need. Campus employment 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 campus employment 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 amount the family must contribute.
Hamilton includes only federal subsidized loans in our financial aid awards for domestic students and the loan amount awarded annually will increase according to the federal loan table. Some international students, including Canadian citizens, may be awarded an institutional loan in accordance with the federal loan table. Depending on eligibility, additional loans may be borrowed to offset the expected family contribution.
Parent loans may be available to cover up to the difference between the cost of attendance and financial aid.
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.