by our College Data Analytics TeamThe majority of students will not be asked to pay the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total cost of going to Colby Community College can seem overwhelming, but bear in mind that many students are given some form of financial aid.
What financial aid options can Colby Community College offer, and what will you qualify for? Keep reading for more information. Scroll down to learn how much school funding will be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Use the information below to understand how much financial assistance you may get from Colby Community College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
At Colby Community College, 89% of the incoming full-time class was awarded financial aid approximately 182 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 77% | $6,700 |
| Institutional grants & scholarships | 59% | $5,101 |
| Federal Pell grants | 36% | $5,687 |
| State/local grants | 2% | $4,552 |
| Federal student loans | 23% | $4,877 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, about 51% of undergrads got grants or scholarships worth on average $5,877 (among about 700 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 51% | $5,877 |
| Federal Pell grants | 22% | $5,037 |
| Federal student loans | 18% | $5,626 |
On-campus students receiving title-IV aid were awarded grants averaging $5,274.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $6,097 |
| $30,001 – $75,000 | $7,715 |
| Over $75,000 | $11,058 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $7,886 |
| Off-campus title-IV students | $8,021 |
For a customized cost estimate, visit Colby Community College’s online cost calculator: nces.ed.gov/ipeds/netpricecalculator/.
The median federal debt load at Colby Community College comes to $6,206 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $6,206 |
| Median federal debt (graduates only) | $8,908 |
| Typical 10-year monthly payment (graduates) | $94.44/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Looking only at the median can be misleading because it hides the spread. These percentiles trace how cumulative federal debt is spread among borrowers at Colby Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,125 |
| 25th percentile | $3,500 |
| 75th percentile | $10,500 |
| 90th percentile (highest-debt students) | $15,000 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $5,723 |
| Middle income | $6,125 |
| High income | $6,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,166 |
| Continuing-generation students | $6,233 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $7,650 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Colby Community College.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at Colby Community College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3963 |
| Total Stafford loan amount | $32,241,154 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 4 |
| Total GI Bill amount | $17,463 |
| Average GI Bill amount per recipient | $4,366 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 13 |
| Total DoD amount | $36,315 |
| Average DoD amount per recipient | $2,793 |
References
More about our data sources and methodologies.