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Colby College

#51 in US ranking Waterville, ME
Type:
Private not-for-profit
Programs:
4 years or more

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Colby College award
Colby College award

Cost

Cost / year
$89,190
Tuition & fees
$72,910
Avg. aid
$64,417
Receiving aid
48%

Admissions

Acceptance rate
7%
SAT range
1460–1550
ACT range
32–34

Outcomes

Graduation rate
89%
Median salary
$53,589
1 yr after graduation

What is the cost of studying for a year at Colby College?

Colby charges the same published undergraduate tuition regardless of whether a student lives in Maine. For the 2024-25 reporting year, full-time tuition was $66,660 and required fees were $2,940, making tuition and required fees $69,600 before housing, meals, books, transportation, and personal expenses.

  • 2024-25 full-time undergraduate tuition: $66,660.
  • 2024-25 required fees: $2,940.
  • 2024-25 tuition and required fees combined: $69,600.

Colby's published charges have changed since that reporting year, so an applicant should use the current cost-of-attendance budget for an enrollment decision rather than add expenses from different years into a single estimate. The cost of attendance includes estimated expenses beyond amounts billed by the college. Published cost is also different from net price - the amount remaining after grant and scholarship aid.

Need-based aid can change that calculation substantially. In the reported federal data, the average net price was $1,251 for students from families with annual incomes up to $48,000 and $46,511 for those from families above $110,000. These are averages for defined groups, not quotes for a particular household. Colby offers need-based institutional aid alongside eligible federal and state assistance; applicants should follow its current financial-aid application instructions and deadlines to receive an individualized assessment. Loans, when used, must be repaid.

What are the work-study opportunities at Colby College?

Colby students can seek campus employment, and eligible students may have access to Federal Work-Study through their financial-aid arrangements. Federal Work-Study is a form of aid that supports paid employment; it is not a grant automatically credited in full against a tuition bill.

A student generally earns job wages by working the approved hours. Other campus jobs may be available outside Federal Work-Study, with eligibility and hiring set by the employer or college office. Job duties can range from operational support to work connected with academic interests, but an internship, a campus job, and a work-study award are not interchangeable. Students should check Colby's student-employment listings and their aid offer for available positions, award limits, and hiring procedures.

Colby College Tuition and Fees

In-state tuition & fees
$72,910
Out-of-state tuition & fees
$72,910
Tuition
$69,830
Fees
$3,080
Room and board
$18,740
Books and supplies
$850

Total Cost

Cost of attendance per year
$89,190
Tuition & fees
$72,910
Housing, food, books & other
$16,280

48% of undergraduates receive aid, $64,417 on average

Colby College Cost of Living

Yearly living expenses by where students live

On campus
$18,740
Off campus, not with family
$7,220
Off campus, with family
$850

Colby College Net Price by Family Income

Average yearly cost after grants, students awarded federal aid

$0–30,000
$4,049
$30,001–48,000
$1,251
$48,001–75,000
$3,666
$75,001–110,000
$12,106
Over $110,000
$46,511

Colby College Room and Board Cost

Typical room charge for academic year

$9,710

Typical board charge for academic year

$9,030

Institution provide on-campus housing

Yes

Colby College Financial Aid

Undergraduate average amount

$64,417

All

$69,201

Students Receiving Financial Aid

Share of undergraduate students
48%

Colby College Grants, Loans and Debt

Students receiving Pell Grants
14%
Students with federal loans
9%
Median debt at completion
$18,000

Colby College Military and Veterans Benefits

Undergraduate average amount

$5,186

Data last updated on November 5, 2026

Data sources: IPEDS 2024-25, Peterson 2026, College Scorecard 10/2026, Clery 2024 (2023-24), OpenAlex 2026

Figures on this profile come from federal and third-party datasets in the editions listed above and are refreshed periodically, so they may differ from what the institution currently reports. Confirm costs, deadlines and requirements with the school before making decisions.