In preparation for your semester away, you and your family will likely have questions about the overall cost and financial aid availability. Financial Aid for off-campus study is portable to Colby approved programs. Colby is committed to helping make eligible students’ pursuit of global experiences affordable.
What price tag to expect?
Cost for approved semester and year-long programs varies and will influence your overall expenditure.
Essentially, the overall cost depends on what program you will attend. It is connected with the location, housing and type of the off-campus program. Many of our programs are less expensive than Colby’s tuition and fees.
Colby does not charge home school tuition for non-Colby programs, students pay the tuition and fees set by their off-campus program providers directly to them. Colby charges a $1,000.00 Off- Campus Study Fee per semester which is considered part of the direct and indirect costs of study off-campus.
Note: students attending the Colby-run programs and Exchange programs continue to pay their Colby tuition as usual.
Off-Campus Financial Aid is processed and administered by Student Financial Services. Please visit their Study Away Finances Page for comprehensive information. Contact them via email to schedule an appointment.
Financial Aid is portable, however it does not transfer automatically. Your eligibility for OCS Financial Aid is based on the expected cost for attending a Colby approved program. The annual estimated family contribution will remain the same regardless of the off-campus program costs. Keep in mind that you can’t receive more Financial Aid than if you were attending Colby. If the off-campus program is less expensive than Colby’s tuition and fees, the Financial Aid will be reduced accordingly.
Note: Work-study (federal or institutional) earnings are considered part of the student contribution and will not be replaced.
After you have been approved by OCS to apply for your program, send the signed form (click here: “Study Away Budget Statement and Agreement” ) to be completed and returned by your program provider back to the Student Financial Services office. Your OCS Financial Aid will be calculated and you will be notified via email.
Colby does not provide payments to off-campus programs. The Financial Aid is distributed to the student or a parent/guardian with a student’s permission and students are responsible for payments to their programs.
The OCS Financial Aid is released only within 10 days of Colby’s first day of classes each semester and only if all necessary documents have been submitted.
Note: Most programs/ universities are willing to wait for the portion of the payment covered by the OCS Financial Aid. Contact SFS if needed, they might provide you with an anticipated OCS Financial Aid Sheet.
There are scholarships and grants available for study abroad administered by governments, organizations, and study abroad programs. Please check this (click here:” LIST “) and follow our news section on the website and our social media feed about upcoming opportunities and deadlines.
Check with your program or foreign university if you would like to use a Tuition Payment Plan or Tuition Insurance Plan to see if it is available. Additionally, an employer-contributed fund or College Saving Plan might be used. Please contact the Student Finances Services office for more information.
Please be aware of the refund policy of your program before you send any payment. For Colby Programs refunds policy, please refer to Colby’s policy on off-campus program cancellation.