For information on how to apply for financial aid at Colby, including forms and deadlines, click here. When making plans to study away, please keep the following in mind:
- Plan for vacation expenses. Financial aid is only available to help with direct educational costs incurred while classes are in session.
- Student Financial Services must be notified of any aid from non-Colby sources, including the study-away program.
- Term-time earnings are considered part of the student contribution and will not be replaced with Colby Grant.
- Students withdrawing during the semester, or dropping below full-time status, must notify Colby immediately. They may be responsible for the refund of College and/or federal funds in accordance with College policy and federal refund regulations. Please remember that, in general, no student may receive more than eight semesters of aid from Colby.
- Application fees, incidental expenses for passports, visas, immunizations, gym/club memberships, etc., are not covered by financial aid.
- Colby allows up to $850 total for Personal and Books for each approved semester of study away.
- In addition to the standard aid application documents, students studying on an approved non-Colby program must have the program complete a budget form in accordance with federal regulations. This is true even if the only aid is in the form of loans. The form can be found by clicking on the link below.
If the program away costs less than Colby, financial aid will be reduced accordingly. For higher-cost programs, the budget will be capped at Colby’s for the purpose of determining grant eligibility. The Off-Campus Study Fee charged by Colby for each semester away is considered part of the budget when determining aid eligibility.
Some programs may not be able to complete the budget form for the spring semester until later in the year. If the rest of the aid application is complete, the financial aid award will be based on estimated costs and reviewed when the actual budget is received. This could result in an adjustment to the fall portion of the aid award as well as the spring.
Program fees are paid directly by the student/family to the host institution. Aid Funds will be released in September for the fall and February for the spring. Many programs are willing to wait for the portion of the payment covered by financial aid. However, it is up to the program so we recommend that students discuss payment arrangements with their program as early as possible in the planning process. If we have received all necessary aid application documents and have completed the award, we can provide a Financial Aid Information Sheet for the student to give to the program. This will list the anticipated aid and disbursement dates.
Students will receive an electronic form at their Colby e-mail address which must be completed prior to receiving the funds.
Last updated: February 27, 2020 at 16:15 pm