How Colby's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Colby College since 2013.

For that period, the average number of students who received grants aid/scholarships is 903, which is 45.78 % of all undergraduate students. 349 students which is 18.11% of undergraduate students received federal student loans and the average loan amount is $6,069.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	856 (47%)	$35,002	219 (12%)	$4,186	438 (24%)	$6,187
2014-15	848 (46%)	$36,939	209 (11%)	$4,320	438 (24%)	$6,320
2015-16	770 (41%)	$39,919	169 (9%)	$4,218	321 (17%)	$6,075
2016-17	858 (46%)	$41,049	202 (11%)	$4,338	399 (21%)	$5,874
2017-18	941 (49%)	$43,218	250 (13%)	$4,669	396 (21%)	$6,126
2018-19	1,009 (50%)	$45,279	289 (14%)	$4,747	365 (18%)	$6,096
2019-20	971 (48%)	$48,706	317 (16%)	$4,984	336 (17%)	$6,033
2020-21	896 (42%)	$56,430	316 (15%)	$4,936	206 (10%)	$5,849
2021-22	975 (43%)	$54,700	318 (14%)	$5,035	239 (11%)	$6,062
Average	903 (45.78%)	$44,582	254 (12.78%)	$4,604	349 (18.11%)	$6,069

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

Overview

For the last 10 years, on average, 227 (42.00 % of students) received grants or scholarships and its average amount is $49,561. It can cover 74.42% of tuition & fees ($66,600).

In addition, 90 (16.89 % of students) students get helped from the students loans (average amount : $6,647).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	205 (42%)	$40,633	92 (19%)	$7,650
2014-15	176 (37%)	$42,192	102 (21%)	$7,634
2015-16	212 (42%)	$42,298	101 (20%)	$6,306
2016-17	232 (45%)	$45,463	99 (19%)	$5,000
2017-18	265 (48%)	$47,893	85 (15%)	$5,079
2018-19	254 (44%)	$51,610	160 (28%)	$4,478
2019-20	206 (40%)	$55,737	63 (12%)	$7,718
2020-21	219 (39%)	$58,513	47 (8%)	$7,528
2021-22	275 (41%)	$61,714	65 (10%)	$8,426
Average	227 (42.00%)	$49,561	90 (16.89%)	$6,647

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 72 (13.11 % of students) received Pell (federal) grants and its average amount is $4,678.

In addition, 11 students received State/local government grants/scholarships (2.22 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	48 (10%)	$3,930	48 (10%)	$2,279	11 (2%)	$682	204 (42%)	$39,335
2014-15	42 (9%)	$4,555	42 (9%)	$2,338	18 (4%)	$897	175 (36%)	$40,686
2015-16	38 (7%)	$3,996	38 (7%)	$2,827	10 (2%)	$1,500	212 (42%)	$41,005
2016-17	80 (16%)	$4,663	71 (14%)	$2,672	10 (2%)	$1,615	231 (45%)	$43,154
2017-18	77 (14%)	$4,888	71 (13%)	$2,306	9 (2%)	$4,028	263 (48%)	$46,066
2018-19	83 (14%)	$4,704	65 (11%)	$1,956	10 (2%)	$1,350	248 (43%)	$50,717
2019-20	93 (18%)	$4,966	71 (14%)	$2,000	15 (3%)	$1,500	206 (40%)	$52,697
2020-21	81 (14%)	$5,167	56 (10%)	$2,000	7 (1%)	$1,500	219 (39%)	$56,042
2021-22	104 (16%)	$5,233	79 (12%)	$1,997	11 (2%)	$2,469	273 (41%)	$59,495
Average	72 (13.11%)	$4,678	60 (11.11%)	$2,264	11 (2.22%)	$1,727	226 (41.78%)	$47,689

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students..

Student Loans

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 90 (16.89 % of students) get any students loan help and its average loan amount is $90.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	92 (19%)	$7,650	89 (18%)	$4,952	14 (3%)	$18,789
2014-15	102 (21%)	$7,634	100 (21%)	$5,370	16 (3%)	$15,106
2015-16	101 (20%)	$6,306	98 (19%)	$4,951	12 (2%)	$12,639
2016-17	99 (19%)	$5,000	99 (19%)	$5,000	-	-
2017-18	85 (15%)	$5,079	85 (15%)	$5,079	-	-
2018-19	160 (28%)	$4,478	77 (13%)	$5,330	134 (23%)	$2,285
2019-20	63 (12%)	$7,718	61 (12%)	$4,795	6 (1%)	$32,289
2020-21	47 (8%)	$7,528	44 (8%)	$5,140	7 (1%)	$18,242
2021-22	65 (10%)	$8,426	63 (9%)	$5,311	8 (1%)	$26,634
Average	90 (16.89%)	$6,647	80 (14.89%)	$5,103	28 (4.86%)	$17,998

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Scholarships, Grants, and Loan Trends at Colby

All Undergraduate Students Financial Aid Over Time

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time