Colby College

National College Match Scholarship Package

These numbers reflect estimated student expenses for the 2021-2022 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.

Annual Cost of Attendance

Tuition

$59,430

Room & Board

$15,295

Books & Supplies

$1,700

Travel

Varies

Personal

(included above)

Health Insurance

(see below)

Required Fees

(included above + $275 Orientation fee)

Total

$76,700

How Costs Annual Are Covered

Grants

$73,250

Federal Work-Study

$1,800

Student Summer Work Contribution

$1,650

Parent Contribution

$0

Student Savings

$0

Student Loan

$0

Total

$76,700

Policy Regarding 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
All students must show proof of comparable health insurance to waive Colby’s health insurance. If students do not have comparable health insurance, they must sign up for Colby’s health insurance. The full-year premium cost of the Colby-billed coverage is billed in the Fall semester. The 2020-2021 full-year premium cost is $1,960. Some students will qualify for a health insurance subsidy; this is determined on a case-by-case basis.

Policy on Travel Allowance
Anticipated travel expenses are added to the student expense budget and considered when financial aid eligibility is determined.

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.