The Importance of Understanding Financial Aid for You
The level of financial assistance you will receive, which includes scholarships, grants and loans, is going to be based upon your financial need. The information found here will tell you how much you can expect to get at Colby depending on your family's income level and other factors.
Normal Colby FinAid Offer
Colby College's normal financial aid package for newly arriving first years is $49,826. Around 37.0% of freshman students obtain some money for college, most of which is scholarships and grants.
Financial aid helps reduce the expense, or the "sticker" price of the college. However, know that the only real discounts off the cost of college are in the form of grants and scholarships.
Uneasy about the debt that might be part of a financial aid package? View the average amount of debt per student at Colby.
How Much Aid is Available That I Don't Have to Pay Back? (A.K.A. Scholarships & Grants)?
The next numbers refer to scholarships and grants largely offered by Colby College.
36.0% of incoming freshmen (175 total) were offered scholarships at Colby College, averaging $40,686 a piece. This puts it in the top 20th percentile of all colleges in the nation.42 freshman students got federal grant aid. About 9.0% Colby freshmen obtained grants around $6,893 a piece.
The graph directly below reveals the average volume of grand and scholarship aid distributed to all first year students.
Scholarships are awarded based on merit or special ability, while grants are given based on need.
How Income Level Affects Financial Aid
Learn what amount of grand and scholarship assistance you can plan to get according to your earnings. The chart following displays freshman students getting federal aid including PLUS loans.
|Income Level||Percent of Freshman||Average Assistance|
|Income 110k +||13.8%||$19,228|
Education funding by the government in the form of grants, loans, or work study is known as Title IV aid. Get more info on Title IV here..
$36,939 is the Standard Total an Undergrad Will Get in Scholarships or Grants
848 Colby undergrads get grant aid (this is around 1,847 of the total student population). The average amount these students get is $36,939
Colby College Financial Aid Links
|Financial Aid Department Website||www.colby.edu/admissions_cs/financial_aid/|
|Net Price Calculator||colby.studentaidcalculator.com/welcome.aspx|