#11 Best Value Colleges in America

Colby College Tuition & Cost

Waterville, Maine

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How much does it cost to attend?

Sticker Price
Costs for Colby College
Fee Cost
Books and Supplies$850
Other Fees$2,580
Room and Board $15,745
Other Expenses Budget$850

Annual Prices

The annual list price to attend Colby College on a full time basis for 2021/2022 is $78,665 for all students regardless of their residency. This fee is comprised of $58,640 for tuition, $15,745 room and board, $850 for books and supplies and $2,580 for other fees. Out of state tuition for Colby College is $58,640, the same as Maine residents.

All price data is sourced from the 2021/2022 U.S. Department of Education National Center for Education Statistics survey.

Net Price

Net price is indicative of what it actually costs to attend Colby College when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2019/2020
Net Price by Income Colby College
Family Income Net Price Paid
$0 to $30,000$2,648
$30,001 to $48,000$2,361
$48,001 to $75,000$5,536
$75,001 to $110,000$12,188

The average reported annual net price for Colby College for students receiving grants or scholarship aid was $18,552 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

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Financial Aid

43% of full-time undergrad Colby College received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $55,737 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 12% of students received Federal Student Loans averaging $4,795 and 1% of undergrads took out private student loans averaging $32,289.

Finanical Aid Colby College
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $55,737 43%
Institutional Grants and Scholarships $52,697 40%
Pell Grants $4,966 18%
Other Federal Grants $2,000 14%
State and Local Grants $1,500 3%
Federal Student Loans $4,795 12%
Other Student Loans $32,289 1%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Colby College, we've modeled a ten year student loan with an original principal value of $78,796. The loan balance of $78,796 is a four year multiple of the $19,699 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $752 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 2.75%.

Example Loan $78,796
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $751.80
Total Interest Paid $11,420.09
Sum of All Loan Payments $90,216.09

Projected 4 Year Degree Price

4 Year Sticker Price
Year All Residents
1 $78,665
2 $81,830
3 $85,122
4 $88,546

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Colby College to be $314,660 - assuming graduation in normal time. The estimation assumes a 4% annual increase over the next 4 years which has been the recent trend for this school.

Tuition Payment Plans Available

Colby College Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No
Costs for Similar Colleges 

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=161086 IPEDS survey data for Colby College.