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All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Colby College since 2011.
For that period, the average number of students who received grants aid/scholarships is 887, which is 45.55 % of all undergraduate students. 360 students which is 18.91% of undergraduate students received federal student loans and the average loan amount is $6,054.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2011-12877 (48%)$32,007183 (10%)$3,811435 (24%)$5,917
2012-13760 (41%)$34,071201 (11%)$4,239382 (21%)$6,057
2013-14856 (47%)$35,002219 (12%)$4,186438 (24%)$6,187
2014-15848 (46%)$36,939209 (11%)$4,320438 (24%)$6,320
2015-16770 (41%)$39,919169 (9%)$4,218321 (17%)$6,075
2016-17858 (46%)$41,049202 (11%)$4,338399 (21%)$5,874
2017-18941 (49%)$43,218250 (13%)$4,669396 (21%)$6,126
2018-191,009 (50%)$45,279289 (14%)$4,747365 (18%)$6,096
2019-20971 (48%)$48,706317 (16%)$4,984336 (17%)$6,033
2020-21896 (42%)$56,430316 (15%)$4,936206 (10%)$5,849
2021-22975 (43%)$54,700318 (14%)$5,035239 (11%)$6,062
Average887 (45.55%)$42,484243 (12.36%)$4,498360 (18.91%)$6,054

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

OverviewGrants/ScholarshipStudent Loans
For the last 12 years, on average, 221 (41.64 % of students) received grants or scholarships and its average amount is $47,282. It can cover 70.99% of tuition & fees ($66,600).
In addition, 95 (18.18 % of students) students get helped from the students loans (average amount : $6,680).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2011-12183 (39%)$37,558115 (25%)$6,632
2012-13203 (41%)$36,494112 (23%)$7,027
2013-14205 (42%)$40,63392 (19%)$7,650
2014-15176 (37%)$42,192102 (21%)$7,634
2015-16212 (42%)$42,298101 (20%)$6,306
2016-17232 (45%)$45,46399 (19%)$5,000
2017-18265 (48%)$47,89385 (15%)$5,079
2018-19254 (44%)$51,610160 (28%)$4,478
2019-20206 (40%)$55,73763 (12%)$7,718
2020-21219 (39%)$58,51347 (8%)$7,528
2021-22275 (41%)$61,71465 (10%)$8,426
Average221 (41.64%)$47,28295 (18.18%)$6,680
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.
The following table shows the trends of grants or scholarships over time. For the last 12 years, on average, 69 (12.82 % of students) received Pell (federal) grants and its average amount is $4,568.
In addition, 13 students received State/local government grants/scholarships (2.55 % of students).
Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2011-1251 (11%)$3,56553 (11%)$2,90415 (3%)$783183 (39%)$35,660
2012-1360 (12%)$4,58460 (12%)$4,00025 (5%)$1,058203 (41%)$33,827
2013-1448 (10%)$3,93048 (10%)$2,27911 (2%)$682204 (42%)$39,335
2014-1542 (9%)$4,55542 (9%)$2,33818 (4%)$897175 (36%)$40,686
2015-1638 (7%)$3,99638 (7%)$2,82710 (2%)$1,500212 (42%)$41,005
2016-1780 (16%)$4,66371 (14%)$2,67210 (2%)$1,615231 (45%)$43,154
2017-1877 (14%)$4,88871 (13%)$2,3069 (2%)$4,028263 (48%)$46,066
2018-1983 (14%)$4,70465 (11%)$1,95610 (2%)$1,350248 (43%)$50,717
2019-2093 (18%)$4,96671 (14%)$2,00015 (3%)$1,500206 (40%)$52,697
2020-2181 (14%)$5,16756 (10%)$2,0007 (1%)$1,500219 (39%)$56,042
2021-22104 (16%)$5,23379 (12%)$1,99711 (2%)$2,469273 (41%)$59,495
Average69 (12.82%)$4,56859 (11.18%)$2,48013 (2.55%)$1,580220 (41.45%)$45,335
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students..
The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.
For the last 12 years, on average, 95 (18.18 % of students) get any students loan help and its average loan amount is $95.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2011-12115 (25%)$6,632113 (24%)$4,8098 (2%)$27,402
2012-13112 (23%)$7,027110 (22%)$5,12911 (2%)$20,255
2013-1492 (19%)$7,65089 (18%)$4,95214 (3%)$18,789
2014-15102 (21%)$7,634100 (21%)$5,37016 (3%)$15,106
2015-16101 (20%)$6,30698 (19%)$4,95112 (2%)$12,639
2016-1799 (19%)$5,00099 (19%)$5,000--
2017-1885 (15%)$5,07985 (15%)$5,079--
2018-19160 (28%)$4,47877 (13%)$5,330134 (23%)$2,285
2019-2063 (12%)$7,71861 (12%)$4,7956 (1%)$32,289
2020-2147 (8%)$7,52844 (8%)$5,1407 (1%)$18,242
2021-2265 (10%)$8,42663 (9%)$5,3118 (1%)$26,634
Average95 (18.18%)$6,68085 (16.36%)$5,07924 (4.22%)$19,293

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