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Annual Basic Charges 2006-2007
Admission Deposit for All New Students: A nonrefundable deposit of $300 is due on or before the date of confirmation of intention to attend. This deposit is credited against the charges for the student’s initial semester of enrollment and will be forfeited if the student does not enroll.
Study Abroad Deposit: Students participating in a Colby program abroad are required to pay a $500 deposit. This deposit is forfeited should the student withdraw from the program.
Tuition: All matriculating students are required to enroll for at least nine credit hours each semester. Exceptions are made by the dean of admissions in the case of nontraditional students and by the dean of students in certain cases of regular students with extenuating circumstances that prohibit them from carrying a normal course load. Students who receive loans and/or grants should be enrolled for at least 12 credit hours per semester to qualify for these funds. In exceptional cases, students may be charged on a credit hour basis at the rate of $1,230 per credit hour. With permission of the dean of students, seniors needing fewer than nine hours in their final semester may take only that number of credit hours necessary to meet their graduation requirement. In such cases, however, the full comprehensive fee per semester will be charged.
Board: The College offers a board plan of 21 meals per week. Students living in The Harold and Bibby Alfond Residence Complex will receive a rebate of $1,140 per semester and will receive 100 meals per semester.
Room: Students are expected to occupy College housing facilities to the full extent of their availability. Other arrangements may be made only with specific approval of the dean of students. Residence hall reservations are made through the Office of the Dean of Students.
Room and Board Rebate: Students enrolled on campus who are approved to live off campus will receive a room and board rebate of $2,490 per semester and will receive 100 meals per semester.
Included in the comprehensive fee is an allocation for the Student Government Association and funding of College health services. There are no fees for staff services in the student health center. All full-time students are required to have health insurance coverage while attending Colby College. All students are automatically enrolled in the plan underwritten by Commercial Travelers Mutual Insurance Company and billed the $625 annual premium.
A student may waive participation in the plan by documenting that he/she has comparable coverage under another insurance policy. Documentation of coverage must be provided annually by fully completing the Insurance Information/Waiver Form. This form must be submitted by August 1, 2005. No refunds will be granted after September 1, 2005.
Future Tuition and Fees
The College projects that Colby costs likely will increase above inflation in order to: maintain the real growth in salaries comparable to professionals outside of higher education; continue a financial aid grant program for about one third of all Colby students; maintain and update the College’s physical plant and sophisticated equipment; and retain flexibility for currently unforeseen but essential investments that will be needed to keep Colby in the forefront of innovation and excellence in national liberal arts colleges.
Student Financial Services is located on the first floor of the Garrison-Foster Building. Staff members are available on weekdays between 8:30 a.m. and 4:30 p.m. to answer questions about student accounts, financial aid, student and parent loans, and College financial policies.