Scholarships, Grants, and Loan Trends at Colby CC

Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 712, which is 53.11 % of all undergraduate students. 368 students which is 27.33% of undergraduate students received federal student loans and the average loan amount is $5,983.
For full-time, first-time beginning students (freshmen), 86.89% of students received grants or scholarships and 39% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Colby Community College since 2013.
For that period, the average number of students who received grants aid/scholarships is 712, which is 53.11 % of all undergraduate students. 368 students which is 27.33% of undergraduate students received federal student loans and the average loan amount is $5,983.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-141,140 (81%)$4,290866 (62%)$4,022595 (42%)$5,973
2014-15799 (54%)$6,085453 (31%)$3,864446 (30%)$5,219
2015-16536 (43%)$4,336359 (29%)$4,011389 (31%)$5,724
2016-17583 (48%)$2,331328 (27%)$2,109330 (27%)$2,986
2017-18709 (53%)$3,372357 (27%)$4,016340 (25%)$6,070
2018-19546 (39%)$4,839176 (12%)$4,745200 (14%)$9,305
2019-20624 (48%)$5,679370 (28%)$4,309467 (36%)$5,741
2020-21685 (52%)$5,011297 (22%)$4,447313 (24%)$7,149
2021-22785 (60%)$4,955348 (26%)$4,566228 (17%)$5,678
Average712 (53.11%)$4,544395 (29.33%)$4,010368 (27.33%)$5,983

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

For the last 10 years, on average, 197 (86.89 % of students) received grants or scholarships and its average amount is $4,665. It can cover 81.32% of tuition & fees ($5,736) based on out-of-state rate.
In addition, 91 (39.00 % of students) students get helped from the students loans (average amount : $4,781).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14231 (84%)$4,077123 (45%)$4,369
2014-15307 (88%)$3,888162 (47%)$4,777
2015-16182 (93%)$3,96887 (45%)$5,706
2016-17187 (86%)$4,50191 (42%)$4,295
2017-18155 (86%)$4,27769 (38%)$5,089
2018-19181 (86%)$4,42364 (30%)$4,406
2019-20204 (84%)$5,762141 (58%)$4,742
2020-21191 (87%)$5,51252 (24%)$4,753
2021-22134 (88%)$5,57534 (22%)$4,892
Average197 (86.89%)$4,66591 (39.00%)$4,781
*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.
The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 99 (43.00 % of students) received Pell (federal) grants and its average amount is $4,543.
In addition, 2 students received State/local government grants/scholarships (1.50 % of students).
Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14131 (48%)$3,86522 (8%)$709--170 (62%)$2,469
2014-15178 (51%)$4,27251 (15%)$4752 (1%)$1,250245 (71%)$1,659
2015-1683 (43%)$4,43031 (16%)$6581 (1%)$1,750118 (61%)$2,816
2016-1790 (41%)$4,71533 (15%)$8761 (0%)$1,934132 (61%)$2,928
2017-1877 (43%)$4,4037 (4%)$8712 (1%)$1,673103 (57%)$3,053
2018-1976 (36%)$4,74528 (13%)$1,1314 (2%)$2,031131 (62%)$3,055
2019-20104 (43%)$4,67776 (31%)$1,3063 (1%)$2,184166 (68%)$3,513
2020-2190 (41%)$4,81883 (38%)$1,3151 (0%)$966167 (76%)$3,048
2021-2263 (41%)$4,96469 (45%)$2,2075 (3%)$1,24283 (54%)$3,323
Average99 (43.00%)$4,54344 (20.56%)$1,0612 (1.50%)$1,629146 (63.56%)$2,874
*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..
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, 91 (39.00 % of students) get any students loan help and its average loan amount is $91.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14123 (45%)$4,369123 (45%)$4,369--
2014-15162 (47%)$4,777162 (47%)$4,777--
2015-1687 (45%)$5,70687 (45%)$5,706--
2016-1791 (42%)$4,29591 (42%)$4,295--
2017-1869 (38%)$5,08969 (38%)$5,089--
2018-1964 (30%)$4,40664 (30%)$4,406--
2019-20141 (58%)$4,742141 (58%)$4,742--
2020-2152 (24%)$4,75352 (24%)$4,753--
2021-2234 (22%)$4,89234 (22%)$4,892--
Average91 (39.00%)$4,78191 (39.00%)$4,781--
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