Student Loans for Colby College Students
About Colby College
Located in Maine, Colby College is a prestigious liberal arts college. This four-year private college offers students a variety of courses in areas ranging from biology to economics and everything in between. With more than 50 majors, Colby College offers some of the most comprehensive undergraduate programs in the region. In addition to maintaining excellent academic standards, the college also shines when it comes to athletics. The Colby Mules include 15 varsity teams for men and 16 for women and are ranked among the best in the region. Colby College has been named by the Kaplan College Guide as one of the “25 New Elite Ivies” based on its academic excellence and providing an excellent standard of student life.
Pay for Colby College
The cost of studying at a top level college like Colby is prohibitively expensive for many students. For the 2012-2013 academic year, the average cost of attendance was estimated to be $57,000. In order to easy the financial strain for as many students as possible, the college offers several aid packages that can make it much easier to obtain a quality education without constantly having to worry about finances. In order to apply for Colby College Financial Aid, students are required to fill out the Free Application for Federal Student Aid, or FAFSA. The FAFSA can be completed and submitted online at fafsa.ed.gov.
Colby Financial Aid includes scholarships and grants, which are the top choice for most students. Both scholarships and grants are “free money” and are awarded to a student in order to help cover the cost of tuition and other related expenses. They do not have to be paid back. In addition to institutional scholarships and federal education grants, students can also apply for scholarships from external sources. Colby College aid also includes government-backed student loans.
Colby College and Borrowing
If you are unable to meet all expenses even with the help of Colby College Financial Aid, or do not receive financial aid, you should consider applying for private student loans. There are many private lenders that offer student loans and it is important to do your research before committing to a particular private loan. By using our Student Loan Comparison Tool, you can compare different loans in order to make an informed decision and select a loan that best suits your financial needs.
Colby College financial aid programs offer a range of institutional and federal scholarships. The Oak Scholars program is dedicated to helping students from foreign countries. Davis UWC Scholarships, Bunche Scholarships, Posse Scholarships, and national merit scholarships are a few of the scholarship programs you can apply for. These scholarships are usually merit-based or need-based. On the other hand, you can also apply for federal scholarships by filling out and submitting the FAFSA.
What is the deadline for applying for Colby financial aid?
The first thing to remember is that you need to apply for financial aid while you are applying for admission and not after receiving the admission confirmation. Filling out the FAFSA along with the CSS Profile before the deadline is a must for all students seeking financial assistance. Each financial aid applicant must also submit the CSS Profile form by February 1. Parents’ and students’ tax returns will be requested in April.
Pay for Colby College*
|Total Avg. Cost||$53,590|
|Room & Board||$10,610|
|Financial Aid Information|
|Students Receiving Fin Aid||47%|
|Typical Grant Amounts|
|Avg. Other Stud. Loans||$6,953|
|%Receiving Other Loans||3%|
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*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics