OVERVIEW PROGRAMS AND TUITION ADMISSIONSFINANCIAL AID

Colby College Financial Aid and Scholarships 2022

There is a private university in Waterville, ME called Colby College. Colby College was founded in the year 1813. Colby College believes in imparting education and contributing to society by focusing on innovation, research, education, and commitment. The motto of the university is Lux Mentis Scientia and its official colors are colby blue and priscilla gray. Taking into account all the courses offered at Colby College, the total enrolment stands at 2,003. The school has an academic staff of

Colby College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

49%

Total Aid Amount Average Total Aid Awarded per year.

$40.668M

Financial Aid Official Website

www.colby.edu/admissions_cs/financial_aid/

Such schemes include Colby College - National Merit Scholarship, Maine Difference Scholarship, Maine Metal Products Association Scholarship, and Maine Public Relations Council Scholarship. As many as 44% of the students at CC get some sort of financial aid, and the total amount of assistance/loans provided is more than $2,224,942 in a year. More information regarding the financial assistance schemes can be accessed on CC’s official financial aid page at http://www.colby.edu/admissions_cs/financial_aid/. The total percentage of candidates applying to Colby College who receive the Federal Grant is 15%. On the other hand, 44% of the candidates get the Student Grant, 43% receive the Institution Grant, and 14% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $6,090, and the same stands at $1,350 for State Grant awardees and $50,717 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,747. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Those with a family income below $30,000 per annum, would get an average federal aid of $57,923 in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $58,613 and $58,300, respectively. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $50,166. And, for those with a family income of more than $110,000, the amount stands at $29,547. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At CC, an estimated number of 28% of the applicants choose to go for student loans.

Other Colleges In Maine

University of Maine

#N/A

Orono, Maine 4 years Public

Bowdoin College

The student-faculty ratio is 9:1.
The graduation rate of the university is 94%.
College accreditation - The college is regionally accredited and recognized by the New England Association of

Brunswick, Maine 4 years Private Not-For-Profit

University of Southern Maine (USM)

#N/A

Portland, Maine 4 years Public

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