Using a Payment Plan

Families who use a Tuition Payment Plan for paying Colby cannot generally do so while the student is attending an off-campus study program. You may check with the program or host institution to inquire as to what payment plans they might have available.

Using a tuition insurance plan:

Parents can only use the Dewar Insurance in the case of a Colby-billed program such as Colby in Salamanca, Dijon, St Petersburg, Bigelow and a few other programs (check with SFS or OCS). It is possible that some program providers or foreign universities may have such plans available for students participating in their program. Enquire directly with them.

Please refer to the program’s stated withdrawal and cancellation policy which usually follows a refund percentage based on the withdrawal date.

Using an employer-contributed fund:

These can be used but keep in mind that some additional documentation may be required in the case of certain off-campus study programs. Please contact the Off-Campus Study office should you need any additional documentation regarding educational expenses.

Using a College Savings Plan (such as 529 plan):

These can be used but keep in mind that some additional documentation may be required in the case of certain off-campus study programs. Please contact the Off-Campus Study office should you need any additional documentation regarding educational expenses.

 

Program Refund Policy

a) For Colby Programs:

Pro rata refunds of the basic charges will be made for students who either withdraw voluntarily or upon advice from the College physician during the enrollment period. The enrollment period is either the fall or spring semester. (Refunds of basic charges are not granted to full-time students withdrawing during the January Program.) A similar refund policy is in effect for Colby off-campus programs; however, as starting and ending dates vary, the specific dates are determined by individual programs as they correspond to the relevant percentages of the semester’s duration. Please refer to Colby’s policy on off-campus program cancellation.

In addition to any applicable Colby refund, the College offers an optional tuition refund insurance designed to reduce the financial loss caused by a medical withdrawal. This is handled through DEWAR, and brochures are mailed in June to the student’s home address. For more information, please contact DEWAR at 617-774-1555 or go to www.collegerefund.com.

No refund will be made until the withdrawal/leave process established by the dean of students is completed. Federal regulations determine the amount and the order in which federal loans and scholarships are to be refunded.

b) For Non-Colby Programs:

For non-Colby programs please refer to the policies of the program you are attending. Be aware that some programs have very severe refund policies. Be aware of the refund policy of your program before you send any money for a deposit or payment.