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National Application Center :: campus tours :: Colby College costs & financial aid

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Colby College

Colby College
4000 Mayflower Hill
Waterville, ME 04901-8840

Official telephone: (207) 859-4000
Fax number: (207) 859-4055
Website: www.colby.edu
Screen last updated on: December 2016

The financial aid information below is valid for the 2014 academic year.

FINANCIAL AID OFFICE
Financial aid officer: David S. Jones,
Director of Operations and New Student Aid
Contacting the office: 207 859-4800
800 723-3032 (toll free)
207 859-4828 (fax)
finaid@colby.edu
FAFSA number: 002039
CSS/PROFILE number: 3280

EXPENSES
Comprehensive tuition/room/board fees: $64,060
Tuition notes: comprehensive tuition/room/board fees
Miscellaneous expenses: $1,600
Other expenses: Transportation, personal.

APPLYING FOR AID

Required form Priority date Rolling? Closing date
FAFSAN/AnoFebruary 1
CSS/Financial Aid PROFILEN/AnoFebruary 1
Noncustodial (Divorced/Separated) Parent's StatementN/AnoFebruary 1
Business/Farm SupplementN/AnoFebruary 1
tax returns, business supplement if parents are self-employeN/AnoFebruary 1

Date award notification begins: April 1
Applied for financial aid:
50% of first-year students
50% of full-time undergraduates
Determined to have financial need:
72% of first-year students
78% of full-time undergraduates
Students determined to have financial need who received any financial aid:
100% of first-year students
100% of full-time undergraduates
Students determined to have financial need who received any need-based gift aid:
100% of first-year students
100% of full-time undergraduates
Students receiving financial aid who received need-based self-help aid:
68% of first-year students
74% of full-time undergraduates
Students receiving financial aid who received any non-need-based gift aid:
2% of first-year students
2% of full-time undergraduates
Students receiving financial aid whose need was fully met (excluding PLUS loans and private alternative loans):
100% of first-year students
100% of full-time undergraduates
Average percent of need that was met of students who received any need-based aid (excluding PLUS loans and private alternative loans):
100% for first-year students
100% for full-time undergraduates
0% for part-time undergraduates
Average financial aid package (excluding PLUS loans and private alternative loans):
$46,029 for first-year students
$42,858 for full-time undergraduates
$0 for part-time undergraduates
Average need-based gift award:
$44,014 for first-year students
$41,033 for full-time undergraduates
$0 for part-time undergraduates
Average need-based self-help award (excluding PLUS loans and private alternative loans):
$1,922 for first-year students
$2,097 for full-time undergraduates
$0 for part-time undergraduates
Average need-based loan (excluding PLUS loans and private alternative loans):
$4,150 for first-year students
$3,942 for full-time undergraduates
$0 for part-time undergraduates
Students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
0% of first-year students
0% of full-time undergraduates
Average award to students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
$500 for first-year students
$500 for full-time undergraduates
$0 for part-time undergraduates
Students who received a non-need-based athletic award:
0% of first-year students
0% of full-time undergraduates
Average non-need-based athletic award:
$0 for first-year students
$0 for full-time undergraduates
$0 for part-time undergraduates
School participates in Federal Work-Study Program: yes
Percent of students who received aid that participated in Federal Work Study: 73%

TYPES OF AID AVAILABLE
Types of loans available:
  • Direct Subsidized Stafford Loans
  • Direct Unsubsidized Stafford Loans
  • Direct PLUS Loans
  • FFEL Subsidized Stafford Loans
  • FFEL Unsubsidized Stafford Loans
  • FFEL PLUS Loans
  • Federal Perkins Loans
  • State Loans
  • private/alternative loans
Parent loans packaged to meet need: no
Percent of undergraduates who have borrowed through all loan programs: 33%
Average student debt upon graduation: $21,958
Types of payment plans:
  • Higher One Tuition Plan.
Need-based scholarships/grants available:
  • need-based (general)
  • Federal Pell Grants
  • SEOG
  • state scholarships/grants
  • college/university scholarships/grants (institutional funds)
  • private scholarships/grants
Non-need-based scholarships/grants available:
  • academic merit scholarships/grants
First-year scholarship/grant award range: $500 - $62,905
Undergraduate scholarship/grant award range: $300 - $62,905
Percent of scholarship aid awarded to out-of-state students: 78%

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