Student Charges & Payment Schedule
Student Charges 2023-24
|Main Street Commons – Residents fee reduction**||$2,285||$4,570|
|Alfond Apartment – Residents fee reduction**||$2,285||$4,570|
|Off Campus Housing fee reduction (Deans Permission Required)**||$5,510||$11,020|
|COOT (orientation fee for first-year students only)||$275|
|Student Insurance Premium||$1,268/spring||$2,178/year|
* The annual comprehensive fee includes tuition/fees ($66,600) and housing/meals ($17,120).
** The default meal plan for Main Street Commons, Alfond Apartments and Off Campus Housing is 100 meals per semester.
***Colby College required that all students participate in the College health insurance plan or have comparable medical insurance. Health insurance is billed separately from the cost of attendance, more information may be found on the Student Health Insurance page.
Payment Schedule 2023-24
August 1, 2023 – Fall Semester Charges Due
January 1, 2024 – Spring Semester Charges Due
Students arriving at Colby for their first semester on campus will also be charged for the Colby Outdoor Orientation Trip (COOT). The fee of $275 is due the same date as basic charges for the appropriate semester.
Late Payments – A late payment fee of 1 percent will be assessed for unpaid balances of $1000 or more. This fee is assessed on the first day of classes each semester, and the first business day of the month thereafter (Click here for 2023-24 Academic Calendar).
Please Note – The College reserves the right to assess a $25.00 returned (electronic or paper) check fee for each returned item.
Tuition Payment Plan 2023-24
The College has once again partnered with Transact Payments, powered by Transact, to offer two payment plan options for the 2023-24 academic year.
- Fall Only 4-month plan: Enrollment opens on May 1, 2023, and ends on July 28, 2023, with first and final payment dates of June 1, 2023, and September 1, 2023, respectively.
- Spring Only 4-month plan: Enrollment opens on October 1, 2023, and ends on December 15, 2023, with first and final payment dates of November 1, 2023, and February 1, 2024, respectively.
Please note, late enrollment may result in catch-up payments to bring the Transact contract up to date.
Students who study abroad at a non-Colby billed program are not eligible to open a payment plan for the semester they are away.
We understand that planning for college has been years in the making and we are committed to helping our students and their families understand the cost and financial impact. Offering these payment plans allows our families to design a more manageable payment option to better suit their own financial needs.
We highly recommend using the tuition payment calculator to estimate cost. To get started, please click here.
To enroll in a new tuition payment plan or for additional information, please visit the Transact site by clicking the button below or by calling their Customer Care Department directly at 1-888-381-8054.
Please note participants in any payment plan may continue to receive monthly statement reminders from Colby until the student’s account is paid in full. If the amount budgeted by the family does not appear to be sufficient to cover the student’s bill by the end of the term, a reminder may be sent to the family from the Office of Student Financial Services.
GradGuard Tuition Insurance Plan
Colby College is proud to partner with GradGuard to offer students tuition insurance. This optional benefit can protect your investment in higher education in the event of an unforeseen, covered illness, injury, or other covered reason resulting in a withdrawal from school.
Tuition Insurance Plan Overview
Helping you and your family get the most out of your Colby experience is always our top priority. GradGuard Tuition Refund Insurance, underwritten by Allianz Global Assistance, reimburses up to 100% of tuition and other related expenses up to the policy limits if a student is unable to complete the semester due to a covered medical event, such as an accident, injury, illness, or mental health issue.
We encourage families to review the information on this optional insurance program carefully to determine if you would benefit from this added protection. Please visit GradGuard for additional information, complete terms and conditions of each benefit, and to enroll.
Tuition insurance must be purchased before the first day of classes begin on September 06, 2023 for the fall semester and February 07, 2024 for the spring semester.
Learn more by calling GradGuard at 877-794-6603 or visiting www.gradguard.com/tuition.