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Colby Financial Aid

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Number Received Financial Aid (All Undergraduate) 975
Percent Received Financial Aid(All Undergraduate) 43%
Average Aid Amount $54,700
Number Received Financial Aid (Freshmen) 308
Percent Received Financial Aid (Freshmen) 46%

Financial Aid Information at Colby

For the academic year 2021-2022, a total of 975 students (43% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $54,700. For freshmen (Full-time, first-time degree-seeking undergraduate students), 308 students (46% of enrolled students) received financial aid.
The 2024 undergraduate tuition & fees at Colby College is $66,600, for reference.

All Undergraduate Students Financial Aid

For the academic year 2021-2022, a total of 975 students (43% of all students) have received grants or scholarships and the average received aid amount is $54,700. It includes federal, state, local, institutional, or other sources of grant aid. The following table describes the financial aid statistics by aid types at Colby College for all undergraduate students.
Undergraduate Student Financial Aid at Colby College
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Federal, state, local, institutional or other grant aid97543%$54,700
Pell Grants31814%$5,035
Federal Student Loans23911%$6,062

Beginning Students Financial Aid

a total of 308 beginning students (46% of all freshmen) have received any financial aid and 285 students (43% of all freshmen) awarded any student loans. The headcount includes the number of full-time, first-time degree-seeking beginning undergraduate students. The below table shows the number and amount by the source of financial aid at Colby College.
Beginning Students (Freshmen) Financial Aid at Colby College
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Any Student Financial Aid30846%-
Grants or Scholarship from All Sources27541%$61,714
Federal Grants11217%$6,268
Pell Grants10416%$5,233
Other Federal Grants7912%$1,997
State/Local Grants112%$2,469
Institutional Grants27341%$59,495
Student Loans6510%$8,426
Federal Student Loans639%$5,311
Other Student Loans81%$26,634