Cost of college went up for all students at Colby College


Tuition and fees rose 3.9 percent for 2018-19 at Colby College, according to recent data from the U.S. Department of Education.

Maine students paid $55,210 to attend the four-year private not-for-profit institution this year – $2,090 more than the $53,120 charged for 2017-18.

Data shows 52 percent of full-time undergraduates who started school in 2015-16 received student financial aid in some form. In all, 265 students received grants or scholarships totaling $12.7 million and 85 students took out student loans totaling more than $431,724.

Including all undergraduates (2,000), 941 students used grants or scholarships totaling $40.7 million, and 396 students took out $2.4 million in federal student loans.

The cost of attending
Enrollment
2015-16
2016-17
2017-18
2018-19
Change in tuition and fees 2015-16 to 2018-19
In-state
160
$49,120
$50,960
$53,120
$55,210
12.4%

Undergraduate financial aid
The following data includes only full-time students who began an undergraduate program at Colby College in 2015-16.
Type of Aid
Number of students receiving aid
Percent receiving aid
Total amount of aid received
Average amount of aid per student
Federal grants
79
14%
$540,061
$6,836
State / local grant or scholarship
9
2%
$36,250
$4,028
Institutional grants or scholarships
263
48%
$12,115,455
$46,066
Grant or scholarship aid total
265
48%
$12,691,766
$47,893
Federal student loans
85
15%
$431,724
$5,079
Other student loans
0
0%
$0
-
Student loan aid
85
15%
$431,724
$5,079
Total student aid
289
52%
-
-

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