Federal Aid Information
Federal Aid Eligibility
Federal student aid eligibility is based largely on financial need as set forth by federal not institutional guidelines. Federal aid in the form of grants, loans and/or work-study may be available only to US citizens and eligible non-citizens with demonstrated need as determined by data provided on the FAFSA or Free Application for Federal Student Aid. For a more complete list of eligibility requirements, click here.
Other General Federal Aid Resources:
- Federal Loan Repayment Information
- It is important to make all payments on time or submit any deferment or forbearance documents timely to ensure loans remain in good standing. Use these links to the Federal Student Aid website for detailed information including repayment plans, repayment calculators, deferment and forberance options, as well as the consequences of delinquency or defaulting on a federal loan.
Yellow Ribbon Program (Post 9/11 GI Bill®)
Colby participates in the Yellow Ribbon Program, a matching grant program based upon qualifying military service for eligible veterans or their children. A limited number of awards are offered annually on a first-come, first serve basis. Applicants must complete a Certificate of Eligibility (CEO) after verifying their benefit eligibility. GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government web site at www.benefits.va.gov/gibill.
GRE Fee Reduction Program
The Educational Testing Service (ETS) offers to ensure, to the extent possible, that the cost of taking a GRE test is not a barrier for prospective graduate students with financial need. Visit the GRE website for more information about the GRE Fee Reduction program. If you questions, please contact GRE at 1-609-771-7670 or 1-866-473-4373 (toll free for test takers in the United States, U.S. Virgin Islands, Puerto Rico and Canada).