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Colby aid packages contain grants and work-study aid—but not loans. In fact, if you submit your aid application by the deadline and are eligible for aid, we’ll meet 100 percent of your need as determined by the College. When you get your aid package you may see grants, both federal and institutional, as well as campus employment.
The College awards $25 million in grant assistance annually. Grants do not have to be repaid and are available from a variety of sources including federal and state governments, other outside agencies, and the College's own funds. Eligible aid recipients are automatically considered for grants.
Federal Grants including Pell Grants and Federal Supplemental Educational Opportunity Grants (FSEOG) are offered to students who submit completed financial aid applications to the College and demonstrate federal grant eligibility.
There are hundreds of student job opportunities available, and we can often match student interest with specific openings across campus. Even if you don’t receive financial aid, you can earn up to $1,850 per year by working on campus. If you do receive aid we expect that you’ll work 10 to 12 hours each week and use your earnings to cover personal expenses.