The Importance of Understanding Financial Aid for You
The amount of financial assistance, scholarships, and grants varies person to person. Utilize information on this page to better know how much financial aid you will get from Colby determined by family income and worth.
Normal Colby FinAid Offer
Colby College's normal financial aid package for newly arriving first years is $48,604. Around 42.0% of freshman students obtain some money for college, the majority of which is scholarships and grants.
Financial aid consists of scholarships, grants, and student loans. However, loans have to be paid off, so they are not a true college discount.
A loan isn't a legitimate college price reduction, but rather an additional cost consideration. Learn how much student loan debt from Colby you may end up dealing with.
How Much Colby Aid Will I Get That Won't Put Me in Debt?
The next numbers refer to scholarships and grants largely offered by Colby College.
42.0% of incoming freshmen (212 total) were offered scholarships at Colby College, averaging $41,005 a piece. This puts it in the top 20th percentile of all colleges in the nation.
In addition to scholarships, 7.0% of freshman students (38 total) obtained a federal grant, averaging $6,823 a piece.
See the average volume of scholarships and grants freshmen get by studying the graph below.
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 grant and scholarship assistance you can plan to get according to your earnings. The table following displays freshman students getting federal aid including PLUS loans.
|Income Level||Percent of Freshman||Average Assistance|
|Income 110k +||13.4%||$25,440|
Education funding from the federal government in the form of grants, loans, or work-study is referred to as Title IV aid. Get more info on Title IV here..
$39,919 is the Standard Total an Undergrad Will Get in Scholarships or Grants
770 Colby undergrads get grant aid (this is around 41.0% of the total student population). The average amount these students get is $39,919
Colby College Financial Aid Links
|Financial Aid Department Website||www.colby.edu/admissions_cs/financial_aid/|
|Net Price Calculator||colby.studentaidcalculator.com/welcome.aspx|