President David A. Greene at construction site in downtown Waterville

Strategic Investments

By making its boldest investments in modern times, Colby is creating best-in-class buildings on campus, catalytic change in downtown Waterville, increased student financial support, and an enhanced student experience that leverages its location and connects students to the world far beyond campus.

Colby is guided by the principle that the most-talented students from every background should have access to the best possible education regardless of their families’ financial circumstances. Colby’s financial aid program has been recognized as among the most generous for the students with greatest financial need by the Chronicle of Higher Education. Since 2014, Colby has increased its financial aid budget by 80 percent, and its Pell-eligible population has increased by 72 percent.

Through the Colby Commitment, the College meets 100 percent of each admitted student’s demonstrated financial need with grants instead of student loans in financial aid packages. Families with a total income of $65,000 or less can expect a parent or guardian contribution of $0. For families earning up to $150,000, Colby’s Fair Shot Fund ensures the parent or guardian contribution will not exceed $15,000.
students on steps
Premier facilities are essential to the College’s commitment to excellence in all endeavors and to fostering healthy, active lifestyles. Our 350,000-square-foot state-of-the-art Harold Alfond Athletics and Recreation Center is the most advanced and comprehensive NCAA D-III facility in the country and has become a center for training, competition, and recreation for the community. The center’s size and capacity is enabling a level of sports, fitness, and recreation that is unavailable at many institutions and has allowed Colby to launch a new and unique fitness and recreation program for the entire campus. A comprehensive new outdoor competition center provides exceptional playing fields and enhances the spectator experience.
Colby is taking a leadership role in developing a new model for the liberal arts—one that infuses the pursuit of knowledge with opportunities to apply this knowledge to complex global issues. This innovative approach has been strengthened and streamlined in a renovated and expanded Grossman Hall, which houses our groundbreaking DavisConnects program supporting research, internships, global experiences, and postgraduate planning in an entirely new way. (Photo: Trent Bell Photography)
Grossman Hall
Now under construction, the Gordon Center for Creative and Performing Arts will be the most advanced and innovative arts facility in the region and the new home for Colby’s Departments of Theater and Dance and of Music and the Cinema Studies Program. The 74,000-square-foot center will encourage multidisciplinary, creative collaborations among faculty, staff, and students in unexpected and exciting ways.
Arts and Innovation Center
Through meaningful partnerships, Colby has been advancing a rejuvenation strategy to establish Waterville as a destination for the arts, shopping, and recreation since 2015. To date, Colby’s $85 million of catalytic projects have led to $200 million in total investment downtown, helping to propel Waterville’s transformation into an active retail and cultural center with dynamic public spaces that will serve all of Central Maine.
Office of the President
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