Colgate University will be tuition-free for families with an income of less than $80,000. The effort is part of the Colgate Commitment: An Initiative in Access and Affordability.
Families with income levels between $80,000-$125,000 will, on average, pay 5% of income for tuition.
Families with income levels $125,000-$150,000 will, on average, pay 10% of income for tuition.
Initial funding of $1 million for the Commitment has been provided by members of Alumni Council and Presidents’ Club, through the Colgate Fund.
Colgate will seek $25 million more in gifts during the next three years to fund the program perpetually.