Colby Financial Aid Information
Financial Aid
Colby Aid
Colby works with all students admitted to the College to help them find the means necessary to attend. The College provides information and programs for families of all income levels and offers several financing options for families as well as grants and work-study to qualifying students.
Grants Now Replace Loans
In 2008-2009 the College replaced loans with grants, allowing students to graduate without debt. Federal student loans continue to be available to students who elect to borrow to supplement their aid packages. (Click here for more details)
Costs: Fall Semester 2008-Spring Semester 2009
Comprehensive Fee: $48,520
Other expenses (books/personal expenses): $1,600
Travel allowance
(based on Colby's distance from home): variable
Total budget $50,120
+ travel Travel expenses, which must be added to the total cost, are considered in determining financial aid eligibility and will vary from student to student.
The aid package, plus a calculated contribution from the parent(s) and student, covers the cost of a year at Colby. Each year, aid eligibility is reviewed by the College and may be adjusted to reflect changes in family circumstances and College charges.
How to Apply for Aid
Students apply for aid before they are notified of admission to Colby. A complete aid application for U.S. citizens, dual-U.S. citizens, and permanent residents consists of the Free Application for Federal Student Aid (FAFSA) and the College Scholarship Service PROFILE form.
Applicants for admission to the Class of 2013 should complete the 2009-2010 FAFSA, available online, and submit it by February 1, 2009. Colby's Federal FAFSA code is 002039.
Each financial aid applicant must also submit the 2009-2010 CSS PROFILE form by February 1. Colby's CSS code number is 3280.
Parents' and students' 2008 tax returns will be requested in April.
Early Decision candidates for the Class of 2013 should send the CSS PROFILE application to Colby before November 15, 2008 (fall option) or January 1, 2009 (winter option).
Admitted Early Decision candidates will be asked to submit a 2009-2010 FAFSA in January.
The financial aid application deadline for transfer applicants enrolling in the fall is March 1.
International, non-Canadian Forms
The standard semester payment plan requires payment in August for the first semester and in January for the second semester. Families may choose to spread payments over 8, 9, or 10 months through TuitionPay, a payment plan administered by Sallie Mae. This plan offers life benefit coverage at no cost and requires a small initial fee in addition to payment of College charges.
Learn More
For further information about Colby, individual brochures discussing financial aid and financing options, international student admissions, and foreign study are available from the Office of Admissions and Financial Aid. Contact information is:
Phone: 800-723-3032
Email: admissions@colby.edu
Colby College
Office of Admissions and Financial Aid
4800 Mayflower Hill
Waterville, ME 04901-8848
P: 800-723-3032
F: 207-859-4828
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