Colby College Commitment Brochure 2023

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MAKE YOUR MARK

ON THE WORLD Financial aid that unlocks your future.


APPLYING TO COLLEGE SHOULD NOT BE EXPENSIVE OR COMPLICATED. That’s why at Colby we’ve streamlined our application process—there are no fees to apply, supplements to submit, or extra essays to write. And as a test-optional institution, you’re able to choose whether to submit your SAT or ACT scores with your application for admission. Through the Colby Commitment, we meet 100 percent of each admitted student’s demonstrated financial need without loans. This means you have the opportunity to graduate debt-free. Families earning up to $75,000 with typical assets can expect a parent or guardian contribution of $0, and families earning up to $150,000 with typical assets will have a parent or guardian contribution of $15,000 or less. DavisConnects prepares Colby students for lifelong success by integrating our leading liberal arts education with unique internship, research, or global experiences for every student, regardless of personal and financial networks. This set of universal experiences is supported by a robust funding system and an advising model that pairs students with industry expert advisors from their first day on campus. Partnerships with leading employers and renowned graduate schools enhance opportunities for meaningful internships and research endeavors, and an innovative academic program anchored to the world’s most complex challenges positions students to make a significant impact in the field of their choosing. Within six months, 93% of the Class of 2022 were employed or in graduate or professional school. Our admissions committee is thrilled to know you are considering Colby during your college search, and we look forward to learning more about you in the coming months. Best,

Randi L. Maloney ’09 Associate Vice President Dean of Admissions and Financial Aid



STRAIGHTFORWARD FINANCIAL AID POLICIES Transparency. Ease. Possibility. Our average financial aid package is

$66,000.*

100%

We meet of each admitted student’s demonstrated financial need without loans. *As of July 2023 for the Class of 2027


More than 95 percent of families with a total income of $200,000 or less qualify for financial aid. Families with a total income of $75,000 or less with typical assets can expect a parent or guardian contribution of $0.

Families with a total income of up to $150,000 with typical assets will have a parent or guardian contribution of no more than $15,000.

For admission and financial aid requirements and deadlines, visit:

AFA.COLBY.EDU/APPLY



THE OPPORTUNITY FOR A DEBT-FREE FUTURE

Graduating with loan debt means decades of limitation. We believe you should begin your post-college life with the

FREEDOM AND FLEXIBILITY to pursue your career and forge your best path in the world. COST OF AVERAGE STUDENT LOAN DEBT NATIONALLY (with interest over time)

LOANS INCLUDED IN COLBY FINANCIAL AID PACKAGES

According to the Education Data Initiative,

Total Borrowed: $30,000+ Total Interest Paid: $27,000 Total Amount Paid: $57,000+ Monthly Payment: $503 (Standard Repayment Plan 20 Years)

$0


GUARANTEED ACCESS TO THE WORLD Our innovative hub for career planning and preparation, DavisConnects, provides funding to ensure all students have access to high-impact experiences— regardless of their financial circumstances or personal networks.

You can use DavisConnects grants to: Conduct collaborative or independent research in any discipline, at Colby or around the world.

Fund internships at home or abroad.

Travel anywhere in the world, immerse yourself in a language, pursue a creative venture, collect data, or engage in a humanitarian project.


Generous need-based funds and an advising model that pairs students with industry experts beginning in their first year ensures every Colby student has access to a global research, internship, and cultural immersion experience.


There are no additional essays or writing supplements to submit.

A SIMPLE AND FREE APPLICATION Apply to Colby using the Coalition Application, Common Application, or QuestBridge Application.

If you choose to submit your scores, you may self-report them with your application.

SAT and ACT scores are not required.


90 SECONDS THAT COULD CHANGE YOUR LIFE AFA.COLBY.EDU/MYINTUITION Spend 90 seconds answering six simple questions to estimate the cost of Colby for your family.

APPLICATION DEADLINES EARLY DECISION I Admissions and financial aid: Nov. 15

EARLY DECISION II Admissions and financial aid: Jan. 2

REGULAR DECISION Admissions: Jan. 2; Financial aid: Jan. 15


Colby College Office of Admissions and Financial Aid 4800 Mayflower Hill Waterville, Maine 04901

Colby complies with Title IX, which prohibits discrimination on the basis of sex in educational programs and activities. Questions regarding Title IX may be referred to Colby’s Title IX coordinator or to the federal Office of Civil Rights. In compliance with the Clery Act, which requires Colby to disclose campus crime statistics, you will find Colby’s Annual Safety, Security, and Fire Safety Report at colby.edu/securityreport. NCSDO C25134 9/23


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