Can I transfer or earn credits from AP courses or the IB Diploma program?
Colby participates in the Advanced Placement program of the College Board. Credits will be recorded on the Colby transcript for official AP scores of 4 or 5, and, where appropriate, advanced course placement will be granted. These credits may also be applied to certain academic areas of the College’s distribution requirement (see Academic Requirements section), but AP credits may not be counted toward the 128 credits required for graduation.
Colby recognizes the International Baccalaureate and offers advanced placement and credit based on individual Higher Level examination results, as well as performance on the full IB Diploma program. At the discretion of individual academic departments, advanced placement may be earned for scores of 6 and 7 on higher level examinations. A full year of credit toward the 128 credits required for graduation and up to two full semesters toward the residency requirement may be earned for an IB Diploma point total of 36 or better, assuming all examination scores are 5 or better.
Finally, students who receive an A or B (superior level) on A-levels or comparable scores on the Leaving Certificate (Ireland), the Abitur (Germany), or the Baccalauréat (France) may be eligible for advanced placement.
What is the difference between Early Decision and Early Action?
Early Action allows a student to apply and learn a decision early, but does not require a commitment to enroll until May 1. Colby does not offer the Early Action option.
What are the Early Decision deadlines at Colby?
The Early Decision I (Fall Option) deadline for submitting an application is November 15; decisions are mailed by December 15. The Early Decision II (Winter Option) deadline for submitting an application is January 1; decisions are mailed by February 15.
What is the difference between Early Decision I and II?
The only difference is timing. Early Decision I requires that you have identified your first-choice college at an earlier point in your senior year. The admissions process is the same for students regardless of which ED deadline they apply under.
May I convert my application from Regular Decision to Early Decision after these deadlines?
Yes, if you have filed your application prior to the deadlines of November 15 or January 1, you can convert your application to Early Decision by submitting a signed Early Decision Agreement prior to December 1, in the case of ED I, or by January 30 at 5 p.m. EST, in the case of ED II.
How do I apply Early Decision using the Common Application?
Early Decision candidates are required to submit the Common Application Early Decision Agreement. You should also indicate on the Colby Common Application Supplement which deadline you are applying under, and request that your counselor send your first term senior grades with your transcript.
Do I have to withdraw my other college applications if I am admitted Early Decision to Colby?
Yes. In order to abide by the Early Decision Agreement, and in fairness to other colleges and other applicants, you must withdraw all other applications immediately, and you may not initiate any new applications.
What happens to my application if I am not admitted Early Decision?
In some cases, students are notified that their applications will be reviewed again in March along with Regular Decision applications. Students may submit additional application materials to update their files, and they are notified of their final admissions decision by early April. In other cases, students are notified at Early Decision that they will not be offered admission to Colby. We believe that being forthright with this news gives students who are not admitted sufficient time to explore other colleges.
If I apply Early Decision and am not admitted, can I apply Regular Decision?
No. The Office of Admissions will inform you if your application will be reconsidered in the Regular Decision process.
May I apply for financial aid if I am applying Early Decision?
Yes. Many students who are admitted Early Decision apply for financial aid and your financial aid award will be the same regardless of whether you are admitted Early Decision or Regular Decision. To apply, you must file the College Scholarship Service’s Profile form.
When will I hear about financial aid?
Your estimated aid offer will accompany your admissions decision, provided that all required documentation arrived at Colby on time. This estimate of financial assistance will be finalized after we have reviewed the Free Application for Federal Student Aid (FAFSA) and other required documents.
What if the estimated offer of financial aid is not enough to enable me to enroll at Colby?
Colby remains committed to meeting the full financial aid eligibility of every student we admit. If we offer you admission, we certainly want you to enroll here. The first thing you should do is contact our office and request a review of your aid eligibility. In some cases, we may not be able to revise your aid package, but we do want the opportunity to understand your financial circumstances and to help you and your family find a way to meet college costs.
When must I take the required standardized tests if I am applying Early Decision?
If applying Early Decision I, you should take all required tests by November 15. Early Decision II applicants must complete all required tests by January 1.
What are the advantages of applying Early Decision?
Early Decision is a clear statement that Colby is your first-choice college. Applying ED allows those students who are admitted Early Decision to finalize their college enrollment plans much earlier in the year. In addition, students who apply EDI and are admitted typically have not invested time completing other applications for admission.
Are there any disadvantages to applying Early Decision?
Many students do not have a clear first-choice college, and in that case, they should not apply Early Decision. College preferences may change over the course of senior year.
Colby financial aid packages are designed to meet 100 percent of demonstrated financial need with grants and employment. There are families, however, who choose to borrow for out-of-pocket (family contribution) costs or who wish to spread out payments over a period of time. Should you wish to apply for federal loans, you must complete the Free Application for Federal Student Aid. Students who elect to take out optional federal loans have a median borrowing total of approximately $21,000 over four years and an average payment of approximately $219 per month for 10 years after graduation. Just 1.5 percent of Colby borrowers who enter repayment default on their loans, compared to the national default rate of 11.3 percent. For more information visit studentaid.ed.gov/repay-loans/understand/plans.
Which loan or payment plan is best for us?
There are many factors that will affect your decision on how you pay your college bills, including the size of the required payment, your current income, other obligations, future expenses, and employment plans. We suggest that you start by estimating the amount you can pay per year and then comparing that amount to the amount to be paid by parents in the payment worksheet.
If you think that the total amount is manageable and that you will be able to pay half in August and half in January, then you may choose the standard semester payment plan. If the amount is manageable, but it would be more convenient to spread the payments over 10 months, you may select a monthly payment plan. If you would prefer to borrow rather than to pay the entire bill in one year, it may be helpful to ask yourself the following questions as you consider a parent loan:
- How much am I currently paying per month on existing debts?
- Have I been able to maintain a good credit history with previous loans?
- What will my income be during the next 10 to 20 years?
- Would I have to modify my retirement plans if I take a loan?
If I itemize deductions for federal or state tax purposes, would deducting the interest paid on the loan allow me to reduce my federal or state income taxes?
Note: an attorney or tax expert would be the best person to help you answer this question and questions you may have about the Hope Scholarship, Lifetime Learning Credit, and other sections of the Taxpayer Relief Act of 1997.)
Financial Aid Definitions
- Other Records: Include pay stubs, bank statements, personal accounts, trust instruments.
- Parent(s)/Custodial Parent: The parent(s) under whose roof the student lives more than 50 percent of the time. If the student is away at school, the parent under whose roof the student lives more than 50 percent of vacation periods. This is not necessarily the same definition used by courts, the IRS, or other agencies when parents are legally separated/divorced.
- Noncustodial Parent: If the parents are legally separated/divorced, the biological/adoptive parent with whom the student does not live at least 50 percent of the time; this is not necessarily the same definition used by courts, the IRS, or other agencies.
- Stepparent: If the custodial parent is currently married to a person other than the student’s biological or adoptive parent, that person’s financial information must be reported on the profile form. For federal definitions of custodial parent and stepparent, please refer to the FAFSA.
- Partner: If the custodial parent has cohabited and commingled economic resources with another person for more than two years, but is not technically married to that person, then ignore references to marital status or gender of either parent and report the income, assets, and financial obligations of your family as if marriage had taken place. The partner’s tax return or non-filer’s statement should be mailed to the College in addition to other required financial aid paperwork.
- Untaxed Income: All money that is paid into an account that is yours (e.g., that was withheld from your pay and deposited into a retirement, medical expense, or dependent care account), or is paid by another on your behalf (e.g., free housing), or is paid to you and not reported on a federal tax return as income (e.g., tax-exempt interest or dividends).
- Federal Income Tax: The amount of tax indicated by the tax table. Amount indicated is after adjustment for credits but before reduction for taxes already paid, the amount withheld from paychecks, or the amount you owe in addition to what was withheld.
- State and Local Taxes: All taxes paid to states and local governments, including income, real estate, and personal property taxes. If you itemize deductions, refer to Schedule A, line 9.
- Current Market Value of Home and Other Real Estate: The amount for which the property would sell if you were to put it on the market today, NOT the insured, tax assessed, or book (depreciated) value. You may wish to check your local newspaper for prices on similar properties or obtain an informal market analysis from a local realtor.
- Investments: Include stocks and bonds. Do not include trust funds or other real estate on the investment line as these are reported separately.
- Money Owed to You: Money loaned to another person, business, or other entity. This includes the remaining balances on installment sales. Enter the amount still owed to you today.
- Retirement Funds: Formal tax-deferred pensions, annuities, and savings plans. Include SRAs, 401Ks, 403Bs, 408s, 457s, 501Cs, and IRAs.
- Parent(s) Contribution: The amount the parent(s)/stepparent with whom the student lives think they can contribute to the cost of education (tuition, fees, room, board, personal expenses, books, and transportation). Include only amounts from current income and assets, not amounts parents expect to borrow to help pay education expenses.
What does being placed on the waitlist mean?
We believe you have the potential to succeed at Colby. However, due to the competitive nature of the applicant pool and our need to carefully manage the number of students enrolling at Colby College, we are unable to admit all qualified candidates. It is our intention to admit students from the waitlist provided we have space available after we have heard from the students who were initially offered admission.
How many students are typically on the waitlist?
We won’t know how many students are on the waitlist until we hear back from the students to whom we have offered the waitlist option. Based on the numbers in recent years, we expect that 600 to 700 students will be active on the waitlist.
Is the waitlist ranked?
No. Once we know which students are still interested in being considered, we will evaluate all of them based on the overall strength of their applications and response to remain active on the waitlist.
If I decide to remain on the waitlist, will I be considered for the Global Entry Semester as well as for the fall?
Yes. We anticipate enrolling approximately 40 new students on campus in January 2017. We will consider all eligible waitlist candidates for any available places in Colby’s Global Entry Semester programs in Dijon, France and Salamanca, Spain. You are welcome to email firstname.lastname@example.org with specific interest in the Global Entry Semester.
What is the likelihood of being admitted from the waitlist?
It is very difficult to predict. In recent years we have enrolled as few as one percent and as many as eight percent. Our ability to make offers in part depends on the number of admitted students who enroll, which varies greatly from year to year.
What other materials should I send?
Submit the online form no later than May 1 to accept your place on the waitlist. In addition, we encourage you to write an email emphasizing your interest in Colby. You are also welcome to send new academic information such as updated grades and new information about academic or extracurricular accomplishments. Please direct any correspondence or new information to email@example.com by May 1.
Is it worthwhile to come to campus for an interview or to have a second interview? What about an interview with an alumni volunteer?
Interviews are not offered to waitlist candidates. Students on the waitlist who have not yet visited campus and would like to do so in order to decide whether to remain active candidates for admission are welcome to come for a general information session and/or campus tour.
Will housing or course selection be affected?
No. Housing assignments and course selection will be done over the summer and students admitted from the waitlist will be treated like all other enrolling students. Housing is guaranteed for all Colby students.
What if I have to deposit at another school by May 1?
You should reserve your place at an alternate college by making a deposit there by May 1 as it is unlikely that we will be able to determine the size of our incoming class before that date. As soon as we can, we will notify students on our waitlist if there are additional spaces for the fall semester. If you are admitted from our waitlist and choose to enroll at Colby, you will forfeit your deposit at the other college.
If I know of someone who is not accepting an offer of admission to Colby, may I have that spot?
Unfortunately, the process doesn’t work that way. Each year we admit more students than we expect will enroll since we know that many students will have lots of college choices.
If I am admitted from the waitlist, am I still eligible for financial aid?
Any student who is admitted from the waitlist and qualifies for need-based aid will receive a financial aid award that meets 100 percent of demonstrated need. Students admitted from the waitlist are notified of any financial aid eligibility at the time of the decision. Because Colby has limited financial aid resources, the ability to offer admission from the waitlist to students who qualify for financial aid depends entirely on how much of the financial aid budget remains after those students who have initially been offered admission have responded. In recent years, Colby has admitted students from the waitlist who have been awarded financial aid. If your financial circumstances have changed since you initially applied and you no longer need financial aid, you are encouraged to communicate that information to the Office of Financial Aid.
When will I hear whether or not I am admitted from the waitlist?
Should there be room for us to admit additional students for the fall semester or to the Global Entry Semester programs, we will notify students by phone or email in late April or early May. There may be additional offers of admission made throughout the month of May.
If I am offered admission from the waitlist, may I defer my enrollment?
When we offer admission to students on the waitlist, we do so to fill available spaces in that specific class. As a result, we do not typically honor requests for deferrals from students admitted from the waitlist.