Fees and Charges

Payment of Bills
Statements for basic charges normally are sent two to four weeks before they are due. Additional statements may be furnished monthly for accounts with outstanding balances due. Students can access their student account statement on the Web at www.colby.edu/sfs and are encouraged to do so regularly. They may e-mail the statement to anyone with an e-mail address.

Prior to the first day of classes each semester, student accounts must be paid or satisfactory arrangements made with Student Financial Services. If the balance on the account is to be paid by an outside scholarship, a 30-day late fee waiver will be granted for the amount of the scholarship only if the student notifies Student Financial Services of this information prior to the first day of classes. It is the student's responsibility to ensure that all financial matters are resolved prior to the first day of classes. Payments are applied against charges in the order in which the charges appear on the student's account.

Notwithstanding any other provision in this catalogue, a student's account, including tuition, room and board, fees, charges, and fines, must be paid in full before that student will be allowed to register for classes for an upcoming semester, to receive transcripts, to participate in the annual room draw process, to participate in baccalaureate or commencement exercises, or to receive a degree or diploma.

In the event that a student account is delinquent, the account may be placed with a collection agency or an attorney for collection. All collection costs, including attorney's fees, will be charged to the student.

The College does not accept either credit cards or post-dated checks for payment of student account charges. Electronic payments from a U.S. checking or savings account can be made from www.colby.edu/sfs. A fee of $15 is charged for any returned check or electronic payment.

Late Payment Fees
A late payment fee of one percent of an unpaid balance of $1,000 or more will be assessed at the first of each month for as long as such a balance remains unpaid. A balance must be 30 days old to be assessed a fee. Assessment dates for September and February will coincide with the first day of classes rather than with the first day of those months. In order to avoid late payment assessments, please allow ample time for mail delivery to Colby's Pennsylvania bank as Colby is not responsible for delays caused by mail delivery. Correspondence should be forwarded to Student Financial Services at the Waterville address (4130 Mayflower Hill) and should not be mailed to the lockbox address.
Loan and Payment Plans
The College makes available a number of loan and payment plans. Those interested in such plans may contact Student Financial Services at 1-800-723-4033.