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Student Financial Services assists with the financial needs of enrolled students. Payment of charges on the College student bill, financial aid and related matters are key functions of this department. The Student Financial Services Office is located on the first floor of the Garrison-Foster building. If you have any questions regarding student financial matters, please feel free to call us at 1-800-723-4033, email sfs@colby.edu or stop by the office.
Students interested in borrowing a federal student loan must submit the Federal Loan Request Form to document their decision to borrow and to select a lender. Please read about federal student loan borrrowing and loan limits, before making any decisions to borrow. Remember, Federal Direct Student (Stafford)/PLUS Loans will show "tentative" on the student account statement within 7 days of receiving a completed Loan Request Form. Federal Stafford/PLUS Loans borrowed from private lenders may not be reflected on the student account statement until funds are received. It is important that when borrowing from a private lender, borrowers be sure all requirements are fulfilled to ensure timely receipt of funds.
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Financial information packets will be mailed to students at the home address by early July. The packet includes information regarding student health insurance, optional tuition refund insurance, a third-party payment plan, and federal loans. It also provides information on how the student can go to their myColby Portal to authorize certain permissions for their parents. For the letter, which includes links to important websites, please click here.
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Student Health Insurance of $600 will be billed to students planning to enroll at Colby or on a College-billed program. For information about how to waive this coverage and related charge, CLICK HERE.
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Colby Financial Aid Renewal Applications were mailed home in February 2009. The deadline to apply for financial aid for the 2009-10 academic year was April 15, 2009. If the application is not complete by June 15, 2009, a $500 grant penalty may apply. Click here for more info about the application process. Aid applications will be reviewed in the order in which they become complete. All applications that were complete by June 1 have been reviewed. Students will receive an email message with instructions on how to view the requests on the student's MyColby portal under the Finances tab. Students must log in to see the Finances tab.
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