Financial Aid at Colby
Financial Aid Amount Received
$54,700 (82.13% of tuition)
Percent of Financial Aid Received
43% of 2,299 students
975 undergraduate students (43% of all students) have received grants, scholarships, and/or federal student loans at Colby College. The percentage of students who received financial aid lower compared to Private (not-for-profit), 4-Years Colleges in Maine.
Compared to similar schools in rankings such as Barnard College and Williams College, the percentage of students who received financial aid is lower (the average of the schools is 57.33%).
Undergraduate Financial Aid by Type
The average amount of grants of scholarship aid is $54,700 and the average loan amount is $6,062. The average financial aid amount is 82.13% of tuition & fees (tuition & fees: $66,600).
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Grant or scholarship aid | 975 | 43% | $53,332,975 | $54,700 |
| Pell Grants | 318 | 14% | $1,601,075 | $5,035 |
| Federal Students Loans | 239 | 11% | $1,448,703 | $6,062 |
Undergraduate Student Financial Aid Comparison Chart
First-time (full-time) Undergraduate Students Financial Aid
For the full-time, first-time undergraduate students (freshmen, in most cases), 275 students have received one or more types of financial aid at Colby College.
The average amount of federal, state, local or institutional grant aid is $61,714 and the average amount of student loans awarded to full-time first-time undergraduate students is $8,426.
The following table shows the financial data by type of aid at Colby College.
First-time Undergraduate Financial Aid by Type
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Any Financial Aid | 285 | 43% | - | - |
| Grant or scholarship aid | 275 | 41% | $16,971,358 | $61,714 |
| Federal Grants | 112 | 17% | $701,960 | $6,268 |
| Pell Grants | 104 | 16% | $544,180 | $5,233 |
| Other Federal Grants | 79 | 12% | $157,780 | $1,997 |
| State/Local Grants | 11 | 2% | $27,156 | $2,469 |
| Institutional Grants | 273 | 41% | $16,242,242 | $59,495 |
| Student Loans | 65 | 10% | $547,686 | $8,426 |
| Federal Student Loans | 63 | 9% | $334,612 | $5,311 |
| Other Student Loans | 8 | 1% | $213,074 | $26,634 |