Colby College

www.colby.edu/

Add Comparison

2021 Undergraduate Tuition

$58,640

3% growth from 2020

2021 Average Net Price

$17,912

After Financial Aid

2021 Acceptance Rate

8.87%

15,857 Applicants

2021 Enrolled Students

2,262

100% Full-Time

2021 Graduation Rate

86.6%

440 Graduates

About

Colby College is a higher education institution located in Kennebec County, ME. In 2021, the most popular Bachelors Degree concentrations at Colby College were General Political Science & Government (76 degrees awarded), Econometrics & Quantitative Economics (74 degrees), and Computer Science (43 degrees).

In 2021, 711 degrees were awarded across all undergraduate and graduate programs at Colby College. 53.7% of these degrees were awarded to women, and 46.3% awarded men. The most common race/ethnicity group of degree recipients was white (463 degrees), 7.72 times more than then the next closest race/ethnicity group, hispanic or latino (60 degrees).

The median undergraduate tuition at Colby College is $58,640, which is $30,135 more than the national average for Baccalaureate Colleges ($28,505).

About the photo: Miller Library viewed from Lorimer Chapel

Photo by Roman Boed

Baccalaureate Colleges: Arts & Sciences Focus Baccalaureate Colleges

Costs

In 2021, the median undergraduate tuition at Colby College is $58,640, which is $30,135 more than the national average for Baccalaureate Colleges ($28,505).

After taking grants and loans into account, the average net price for students is $17,912.

In 2021, 42% of undergraduate students attending Colby College received financial aid through grants. Comparatively, 10% of undergraduate students received financial aid through loans.

Tuition Costs

$58,640

2021 Undergraduate Tuition

In 2021, the cost of tuition at Colby College was $58,640. The cost of tuition at Colby College is $30,135 more than than the overall (public and private) national average for Baccalaureate Colleges ($28,505).

This chart compares the tuition costs of Colby College (in red) with those of other similar universities.

Average Net Price

$17,912

2021 Value

3.45%

1 Year Growth

In 2021 Colby College had an average net price — the price paid after factoring in grants and loans — of $17,912. Between 2020 and 2021, the average net price of Colby College grew by 3.45%.

This chart compares the average net price of Colby College (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Other Student Expenses

$10,375

Room and Board

$850

Books and Supplies

The average yearly cost of room and board at Colby College was of $10,375 in 2021. The cost of room and board increased by 3.96% between 2020 and 2021.

During the same period, the average yearly cost of books and supplies was $850. The cost of books and supplies increased by 6.25% during the same period.

This chart compares the average student costs at Colby College (in red) with that of similar universities.

Financial Aid by Income Level

42%

Undergraduates Receiving Financial Aid through Grants

10%

Undergraduates Receiving Financial Aid through Loans

42% of undergraduate students at Colby College received financial aid through grants or loans in 2021. This represents a decline of 12.5% with respect to 2020, when 48% of undergraduate students received financial aid.

This chart compares the average award discount at Colby College (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Colby College was 0%, which represents 0 out of the 157 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Admissions

Colby College received 15,857 undergraduate applications in 2021, which represents a 13.9% annual growth. Out of those 15,857 applicants, 1,407 students were accepted for enrollment, representing a 8.87% acceptance rate.

There were 2,262 students enrolled at Colby College in 2021. 40% of first-time enrollees submitted SAT scores with their applications.

Colby College has an overall enrollment yield of 47.4%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

8.87%

Acceptance Rate in 2021

1,407

Accepted Out of 15,857

In 2021, the undergraduate acceptance rate of Colby College was 8.87% (1,407 admissions from 15,857 applications). This is lower than the acceptance rate of 2020, which was 10.3%. Between 2020 and 2021, the number of applicants grew by 13.9%, while admissions declined by −1.61%..

This chart compares the acceptance rate of Colby College (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

SAT Scores

40%

Submission Percentage (2021)

268

Scores Submitted (2021)

40% of enrolled first-time students at Colby College in 2021 submitted SAT scores with their applications.

This chart shows the SAT scores for the 25th and 75th percentile of applicants broken out into each section of the test that their are evaluated on.

Enrollment

Colby College had a total enrollment of 2,262 students in 2021. The full-time enrollment at Colby College is 2,262 students and the part-time enrollment is 0. This means that 100% of students enrolled at Colby College are enrolled full-time.

The enrolled student population at Colby College, both undergraduate and graduate, is 57.1% White, 10.2% Asian, 8.18% Hispanic or Latino, 5.92% Two or More Races, 5.22% Black or African American, 0.221% American Indian or Alaska Native, and 0.0442% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Colby College in full-time Undergraduate programs are most commonly White Female (29.2%), followed by White Male (27.9%) and Asian Female (6.72%).

Full-Time vs Part-Time Enrollment

100%

Full-Time Enrollment

The total enrollment at Colby College in 2021, both undergraduate and graduate, is 2,262 students. The full-time enrollment at Colby College is 2,262 and the part-time enrollment is 0. This means that 100% of students enrolled at Colby College are enrolled full-time compared with 79.9% at similar Baccalaureate Colleges.

This chart shows the full-time vs part-time enrollment status at Colby College (in red) compares to similar universities.

Retention Rate over Time

95%

2021 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Colby College was 95%. Compared with the full-time retention rate at similar Baccalaureate Colleges (72%), Colby College had a retention rate higher than its peers.

This chart shows the retention rate over time at Colby College (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2021)

White
1,292 enrolled students
Asian
231 enrolled students
Hispanic or Latino
185 enrolled students

The enrolled student population at Colby College is 57.1% White, 10.2% Asian, 8.18% Hispanic or Latino, 5.92% Two or More Races, 5.22% Black or African American, 0.221% American Indian or Alaska Native, and 0.0442% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Baccalaureate Colleges is 55% White, 13.5% Black or African American, and 13.4% Hispanic or Latino.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 82 students (3.63%) did not report their race.

Graduates

In 2021, 53 more women than men received degrees from Colby College. The most common race/ethnicity group of degree recipients at Colby College is white (463 degrees awarded). There were 7.72 times more white recipients than the next closest race/ethnicity group, hispanic or latino (60 degrees).

The most common Bachelor's Degree concentration at Colby College is General Political Science & Government (76 degrees awarded), followed by Econometrics & Quantitative Economics (74 degrees) and Computer Science (43 degrees).

In 2021, the most specialized majors across all degree types at Colby College, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Natural Resources & Conservation (46 degrees awarded), Cultural & Gender Studies (18 degrees), and Language & Linguistics (31 degrees).

Common Jobs by Major

Postsecondary teachers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Colby College are Postsecondary teachers (159,987 people), Other managers (132,870 people), Elementary & middle school teachers (100,750 people), Software developers (95,704 people), and Secondary school teachers (90,635 people).

The most specialized majors at Colby College in 2021 are Natural Resources & Conservation (46 degrees awarded), Cultural & Gender Studies (18 degrees), Language & Linguistics (31 degrees), Math & Statistics (47 degrees), and Physical Sciences (44 degrees) (as of 2021).

Highest Paying Jobs by Major

Surgeons

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Colby College are Surgeons, Media and communication workers, all other, Securities, commodities, & financial services sales agents, Physicians, and Sales engineers

The most specialized majors at Colby College are Natural Resources & Conservation (46 degrees awarded), Cultural & Gender Studies (18 degrees), Language & Linguistics (31 degrees), Math & Statistics (47 degrees), and Physical Sciences (44 degrees) (as of 2021).

Common Industries by Major

Colleges, universities & professional schools, including junior colleges

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Colby College are Colleges, universities & professional schools, including junior colleges (274,849 people), Elementary & secondary schools (247,731 people), Computer Systems Design (139,810 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (111,089 people), and Scientific research & development services (80,355 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Colby College.

Most Common (2021)

General Political Science & Government
76 degree-majors awarded
Econometrics & Quantitative Economics
74 degree-majors awarded
Computer Science
43 degree-majors awarded

In 2021, the most common bachelors degree concentration at Colby College was General Political Science & Government with 76 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Colby College according to their major.

Sex Breakdown for Common Majors

329

Degrees Awarded to Men

in 2021

382

Degrees Awarded to Women

in 2021

In 2021, 329 degrees were awarded to men at Colby College, which is 0.861 times less than the number of degrees awarded to females (382).

This chart displays the sex disparity between the top 5 majors at Colby College by degrees awarded.

Most Common Male Majors

In 2021, 53 degrees were awarded to men at Colby College in Econometrics & Quantitative Economics, which is 2.52 times more than the 21 female recipients with that same degree.

Most Common Female Majors

In 2021, 38 degrees were awarded to men at Colby College in General Political Science & Government, which is 1 times approximately the same the 38 male recipients with that same degree.

Time to Complete

86%

100% Completion Time

89%

150% Completion Time

In 2021, 86% of students graduating from Colby College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 89% completed their degrees within 150% of the normal time, and 89% within 200%.

The following chart shows these completion rates over time compared to the average for the Baccalaureate Colleges Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

American Indian or Alaska Native Female

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2021 at Colby College is Female and American Indian or Alaska Native (100% graduation rate). Across all Baccalaureate Colleges, Asian Female students have the highest graduation rate (72.9%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 3.64% of graduates (16 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2021)

White
463 degrees awarded
Hispanic or Latino
60 degrees awarded
Asian
57 degrees awarded

The most common race/ethnicity at Colby College is white (463 degrees awarded). There were 7.72 times more white recipients than the next closest race/ethnicity group, hispanic or latino (60 degrees).

1.13% of degree recipients (8 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

White Female
254 degrees awarded
White Male
209 degrees awarded
Asian Female
36 degrees awarded

The most common race/ethnicity and sex grouping at Colby College is white female (254 degrees awarded). There were 1.22 times more white female recipients than the next closest race/ethnicity group, white male (209 degrees).

Operations

Colby College has an endowment valued at nearly $1.26B, as of the end of the 2021 fiscal year. The return on its endowment was of 412M (32.8%) compared to the 17.4% average return (9.13M on 52.4M) across all Baccalaureate Colleges.

In 2021, Colby College had a total salary expenditure of 170M. Colby College employs 71 Assistant professors, 66 Associate professors and 62 Professors. Most academics at Colby College are Female Assistant professor (45), Male Professor (37), and Male Associate professor (33).

The most common positions for non-instructional staff at Colby College are: Management, with 86 employees, Service, with 83 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 80 employees.

Endowment

$1.26B

2021 Endowment

43.2%

growth from 2020

Colby College has an endowment valued at about $1.26B, as of the end of the 2021 fiscal year. The endowment of Colby College grew 43.2% from the previous year. The value of their endowment was $1.21B higher than than the median endowment of Baccalaureate Colleges according to the Carnegie Classification grouping.

This line chart shows how the endowment at Colby College (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Baccalaureate Colleges: Arts & Sciences Focus Carnegie Classification grouping.

Salary Expenditure

$70.4M

2021 Salaries

6.75%

growth from 2020

In 2021, Colby College paid a median of $70.4M in salaries, which represents 41.4% of their overall expenditure ($170M) and a 6.75% growth from the previous year.

The median for similar Baccalaureate Colleges is 15.1M (38.9% of overall expenditures).

Instructional Salaries

$26.2M

Instructional Salaries

251

Number of Employees

In 2021, Colby College paid a total of $26.2M to 251 employees working as instructors, which represents 37.2% of all salaries paid.

This is compared to a median of $4.92M (32.5%) for similar Baccalaureate Colleges.

Occupations by Share

Assistant professor

Most Common Instructor

71 Employees

Management

Most Common Non-Instructional Employee

86 Employees

In 2021, the most common positions for instructional staff at Colby College were Assistant professor with 71 employees, Associate professor with 66 employees, and Professor with 62 employees.

In 2021, the most common positions for non-instructional staff at Colby College were Management with 86 employees, Service with 83 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 80 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2021)

Female Assistant professor
Male Professor
Male Associate professor

In 2021, the most common demographic for instructional staff at Colby College was Female Assistant professor with 45 employees, Male Professor with 37 employees, and Male Associate professor with 33 employees.

This chart shows the sex split between each academic rank present at Colby College.