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Colby College
For all students, after the family covers any EFC, the college covers the remaining budget with grant aid and work study.| For all students. . . | 2009-10 Estimated Student Budget | ||||||||||
| After the family covers any EFC, including a summer earnings expectation of $1,500, the college ensures enough grant aid and work study to cover these expenses |
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Total Expenses: $51,920
About the Financial Aid Pledge (2009-10):
How is EFC determined and used?
Institutional methodology. The family is expected to cover any EFC including a student contribution of $650-$1,650.
Institutional methodology. The family is expected to cover any EFC including a student contribution of $650-$1,650.
How much academic year work and/or need-based loans are included?
No loans and $1,800 in work.
No loans and $1,800 in work.
Does the offer account for the full student budget?
Yes.
Yes.
How are outside scholarships handled?
Outside scholarships reduce work-study then EFC to the federal level before reducing grants.
Outside scholarships reduce work-study then EFC to the federal level before reducing grants.
Note:
The college charges a comprehensive fee that includes room and board and is listed as tuition and fees above.
The college charges a comprehensive fee that includes room and board and is listed as tuition and fees above.
For more information:
Colby Replaces Loans With Grants, Allowing Students to Graduate Without Debt
Colby Announces New Financial Aid Policy
Colby Replaces Loans With Grants, Allowing Students to Graduate Without Debt
Colby Announces New Financial Aid Policy
About the Institution (2007-08):
Location: Waterville, METype: Private 4-year
Undergraduate enrollment: 2,069
Pell Grant recipients (a measure of low-income enrollment): 7%
Proportion of graduating seniors with student debt: 41%
Average debt: $19,222
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