Colby College

Private, Four-years School Located in Waterville, ME

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How much is the Colby tuition? For the academic year 2023-2024, Colby's tuition & fees is $66,600.
With indirect costs not billed by school, such as room & boards and personal living expenses, the total cost of attendance for one academic year is $84,630 when a student lives on-campus.

Colby Tuition & Expenses

2022-2023 Rate
Tuition & Fees$66,600
Books & Supplies Costs$850
On-campus Room & Board$16,330
On-campus Expenses$850
Off-campus Room & Board$6,200
Off-campus Expenses$850
2023-2024 Projection
Tuition & Fees$63,850

How Much Does it Cost to Go to Colby for 4 Years?

For the class of 2027, who entering colleges in 2023, the 4 years tuition & fees is $300,298 at Colby. The estimated tuition rate is based on the changes over last 5 years. With room & board, books, and other personal expenses, the estimated 4 years costs of attendance is $375,291. After receiving financial aid including grants, scholarships, and/or student loans, the 4 years COA is down to $128,650.
The following table computes the 4 years tuition and COA by class of year.
College YearTuition & FeesCOAAfter Financial Aid
Freshmen (2023-24)$69,829$87,615$30,263
Sophomore (2024-25)$73,215$91,628$31,495
Junior (2025-26)$76,765$95,827$32,778
Senior (2026-27)$80,488$100,221$34,115
4 Years Total$300,298$375,291$128,650
College YearTuition & FeesCOAAfter Financial Aid
Freshmen (2024-25)$73,215$91,628$31,495
Sophomore (2025-26)$76,765$95,827$32,778
Junior (2026-27)$80,488$100,221$34,115
Senior (2027-28)$84,390$104,820$35,508
4 Years Total$314,859$392,496$133,896
College YearTuition & FeesCOAAfter Financial Aid
Freshmen (2025-26)$76,765$95,827$32,778
Sophomore (2026-27)$80,488$100,221$34,115
Junior (2027-28)$84,390$104,820$35,508
Senior (2028-29)$88,482$109,632$36,959
4 Years Total$330,126$410,500$139,360
College YearTuition & FeesCOAAfter Financial Aid
Freshmen (2026-27)$80,488$100,221$34,115
Sophomore (2027-28)$84,390$104,820$35,508
Junior (2028-29)$88,482$109,632$36,959
Senior (2029-30)$92,773$114,668$38,471
4 Years Total$346,133$429,340$145,054
College YearTuition & FeesCOAAfter Financial Aid
Freshmen (2027-28)$84,390$104,820$35,508
Sophomore (2028-29)$88,482$109,632$36,959
Junior (2029-30)$92,773$114,668$38,471
Senior (2030-31)$97,271$119,938$40,047
4 Years Total$362,917$449,057$150,986

Average Tuition By School Type and Comparison

Compared to four-years schools nationwide, Colby' tuition is much higher than the average tuition of $20,937. Compared to private, four-years colleges in Maine, its tuition is much higher than the average tuition of $32,865.
In-StateOut-of-State
Colby College$66,600
U.S. Four-years Colleges$18,672
Public Schools$7,199$12,960
Private Schools$20,937
Maine Four-years Colleges$25,315
Public Schools$8,059$15,248
Private Schools$32,865

Compare Similar School's Tuition

The next table compares the tuition & fees between Colby and similar schools. The similar colleges are selected by school type & level (private, four-years), ranking, and comparison frequency by our users. The comparison is based on 2022-2023 tuition rate.
LocationTuition & Fees
Colby CollegeWaterville, ME$66,600
Williams CollegeWilliamstown, MA$64,860
Barnard CollegeNew York, NY$66,246
Washington and Lee UniversityLexington, VA$64,525
Bowdoin CollegeBrunswick, ME$64,910
Grinnell CollegeGrinnell, IA$64,862
Middlebury CollegeMiddlebury, VT$65,280

Financial Aid and COA

At Colby College, 975 students (43%) received grant or scholarship from the federal government, state or local government, the institution, and other sources. The average amount of grant/scholarship received is $54,700.
After receiving financial aid, the cost of attendance (COA) at Colby is $29,930 for students living on-campus and $19,800 for students living off-campus.
For beginning students (i.e. first-time freshmen), 308 students received any type of financial aid including grants/scholarship and student loans. The average amount of grant/scholarship for the first-time students is $61,714 and the average amount of student loans is $8,426.
The financial aid data is based on 2021-2022 statistics from IPEDS.
COA (on-campus)$84,630
COA (off-campus)$74,500
Tuition & Fees$66,600
Indirect Costs (on-campus)$18,030
Indirect Costs (off-campus)$7,900
COA (on-campus) after Receiving Aid$29,930
COA (off-campus) after Receiving Aid$19,800
Average Financial Aid$54,700
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Grant or Scholarship97543%$54,700
Pell Grants31814%$5,035
Federal Student Loan23911%$6,062
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Any Financial Aid30846%-
Grants or Scholarships27541%$61,714
Federal Grants11217%$6,268
Pell Grants10416%$5,233
Other Federal Grants7912%$1,997
State/Local Grants112%$2,469
Institutional Grants27341%$59,495
Student Loan Aid6510%$8,426
Federal Student Loans639%$5,311
Other Student Loans81%$26,634

Admission Stats and Requirements to Apply

Colby's acceptance rate is 8.87%. A total of 15,857 applicants applied to and 1,407 students were accepted. Of the admitted students, 667 enrolled finally, and the yield (i.e. enrollment rate) is 47.41%.
To apply to Colby, 2 items are required - Secondary school record and Recommendations and 1 items are recommended to submit - Completion of college-preparatory program. SAT and ACT scores are considered during the admissions process but are not required to be submitted.
TotalMenWomen
Applicants15,8577,097$8,760
Admitted1,407654$753
Enrolled667305$362
Acceptance Rate8.87%9.22%8.60%
Yield (Enrollment Rate)47.41%46.64%48.07%
Secondary school GPAConsidered But Not Required
Secondary school rankConsidered But Not Required
Secondary school recordRequired
Completion of college-preparatory programRecommended
RecommendationsRequired
Formal demonstration of competenciesConsidered But Not Required
Admission test scoresConsidered But Not Required
TOEFL (Test of English as a Foreign Language)Considered But Not Required
Other Test (Wonderlic, WISC-III, etc.)Considered But Not Required

SAT and ACT Scores

The SAT and ACT scores are considered but not required to apply to Colby. The average SAT score of the enrolled first-time students is 1,465 and the average ACT score (ACT composite) is 33.
Its SAT score is much higher than the national average score of 1,168. The ACT score is much higher than the national average score of 24.
Average25th75th
SAT Total1,4651,4001,530
National Average1,168
Maine Average1,247
SAT EBRW720690750
SAT Math745710780
ACT Composite333234
National Average24
Maine Average29
ACT Math322934
ACT English343335

Student Population

Colby College has a total of 2,299 students (all undergraduate). By gender, there are 1,065 male students and 1,197 female students attending Colby.
TotalMaleFemale
Undergraduate2,262 1,0651,197

Directory & Academic Information

Directory Information
Address4000 Mayflower Hill Drive, Waterville, ME
Phone207-859-4000
WEBwww.colby.edu
Degree & Programs
DegreeUndergraduate
Program Offered49 Programs
Academic Stats
Acceptance Rate7.61%
Yield52.33%
Student Population2,299
Graduation Rate88%
Transfer-out Rate7%
Retention Rate93%
Students to Faculty Ratio Rate10 to 1
Faculty & Staffs
Number of Faculties232 (Full-time), 15 (Part-time)
Number of Staffs765 (Full-time), 56 (Part-time)
Average Faculty Salary$104,344
Average Staff Salary$70,559