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Colgate is pretty well known for its generous financial aid and it is rated #6 by USNews in terms of best value, defined as:
"The formula used to determine which schools offer the best value relates a school's academic quality, as indicated by its U.S. News ranking, to the net cost of attendance for a student who receives the average level of financial aid. The higher the quality of the program and the lower the cost, the better the deal."
As many have related in many forums, the better colleges and universities tend to have a higher number of economically advantaged students. It's part of what got many of them the advantages to score well, achieve, and get many educational as well as extra-curricular activities. Colgate is no different than dozens of other top schools in that respect.
If you're choosing between Colgate and a State Univ, it might be a factor to consider. If you are choosing between it and almost any other top LAC or University, it will be no different.
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