Colby College

National College Match Scholarship Package

These numbers reflect estimated student expenses for the 2023-2024 school year. Amounts will change slightly from year to year, but as the cost of college increases, the scholarship packages will correspondingly increase. Your official financial aid package will be included in a letter directly from Colby.

Weiland Welcome Grant
The Weiland Welcome Grant awards $1,250 to eligible first-year students whose families earn $75,000 or less per year with typical assets and are eligible for $0 parent or guardian contribution. These funds are in addition to any financial aid awarded and are to be used for expenses associated with college attendance.

Policy on Outside Scholarships
Outside scholarships will be used to decrease work-study as well as the student’s summer work contribution of $1,650. Students can still pursue work-study as an option when they arrive on campus if they wish.

Policy on Health Insurance
Colby requires all students studying on campus or a Colby program to have adequate health insurance. If a student is not covered by an insurance plan that meets or exceeds College requirements and elects to enroll in the College plan, health insurance assistance will be provided. Submission of the insurance enrollment/waiver form is required annually of all students.

Policy on Travel Allowance
A student's cost of attendance includes out of pocket expenses such as travel. The estimate for travel is based on the student's primary residence. These out of pocket expenses are typically paid by students from summer and work study earnings.

Policy on Student Contribution
Colby believes all students should contribute financially to their education costs. Students are expected to contribute through summer earnings, assets, and academic year employment. Through specific calculations, Colby evaluates student earnings and benefits, and a portion of student assets as well as other available resources (i.e. gifts from relatives or tuition benefits from a parent’s employer).

Requirements Associated with Maintaining this Aid Package
Students must remain in good academic standing. Students must also complete the FAFSA and CSS Profile, as well as all other required institutional financial aid application materials in order to maintain the match scholarship award.