Colby College

www.colby.edu

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2024 Undergraduate Tuition

$66,660

4.5% growth from 2023

2024 Average Net Price

$16,219

After Financial Aid

2024 Acceptance Rate

7.09%

19,187 Applicants

2024 Enrolled Students

2,412

99.8% Full-Time

2024 Graduation Rate

88.8%

515 Graduates

About

Colby College is a higher education institution located in Kennebec County, ME. In 2024, the most popular Bachelors Degree concentrations at Colby College were Econometrics & Quantitative Economics (107 degrees awarded), General Psychology (50 degrees), and General Political Science & Government (49 degrees).

In 2024, 707 degrees were awarded across all undergraduate and graduate programs at Colby College. 50.1% of these degrees were awarded to women, and 49.9% awarded men. The most common race/ethnicity group of degree recipients was white (407 degrees), 5.15 times more than then the next closest race/ethnicity group, asian (79 degrees).

The median undergraduate tuition at Colby College is $66,660, which is $36,672 more than the national average for Baccalaureate Colleges ($29,988).

About the photo: Miller Library viewed from Lorimer Chapel

Photo by Roman Boed

Baccalaureate Colleges: Arts & Sciences Focus Baccalaureate Colleges

Costs

In 2024, the median undergraduate tuition at Colby College is $66,660, which is $36,672 more than the national average for Baccalaureate Colleges ($29,988).

After taking grants and loans into account, the average net price for students is $16,219.

In 2024, 44% of undergraduate students attending Colby College received financial aid through grants. Comparatively, 9% of undergraduate students received financial aid through loans.

Tuition Costs

$66,660

2024 Undergraduate Tuition

In 2024, the cost of tuition at Colby College was $66,660. The cost of tuition at Colby College is $36,672 more than than the overall (public and private) national average for Baccalaureate Colleges ($29,988).

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

Average Net Price

$16,219

2024 Value

6.96%

1 Year Growth

In 2024 Colby College had an average net price — the price paid after factoring in grants and loans — of $16,219. Between 2023 and 2024, the average net price of Colby College grew by 6.96%.

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

$11,610

Room and Board

$850

Books and Supplies

The average yearly cost of room and board at Colby College was of $11,610 in 2024. The cost of room and board increased by 3.06% between 2023 and 2024.

During the same period, the average yearly cost of books and supplies was $850. The cost of books and supplies did not change 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

44%

Undergraduates Receiving Financial Aid through Grants

Undergraduates Receiving Financial Aid through Loans

44% of undergraduate students at Colby College received financial aid through grants or loans in 2024. This represents a growth of 0% with respect to 2023, when 44% 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.

Admissions

Colby College received 19,187 undergraduate applications in 2024, which represents a 7.88% annual growth. Out of those 19,187 applicants, 1,360 students were accepted for enrollment, representing a 7.09% acceptance rate.

There were 2,412 students enrolled at Colby College in 2024. 36% of first-time enrollees submitted SAT scores with their applications.

Colby College has an overall enrollment yield of 46.2%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

7.09%

Acceptance Rate in 2024

1,360

Accepted Out of 19,187

In 2024, the undergraduate acceptance rate of Colby College was 7.09% (1,360 admissions from 19,187 applications). This is higher than the acceptance rate of 2023, which was 6.83%. Between 2023 and 2024, the number of applicants grew by 7.88%, while admissions grew by 11.9%.

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

36%

Submission Percentage (2024)

224

Scores Submitted (2024)

36% of enrolled first-time students at Colby College in 2024 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

Enrollment

Colby College had a total enrollment of 2,412 students in 2024. The full-time enrollment at Colby College is 2,407 students and the part-time enrollment is 5. This means that 99.8% of students enrolled at Colby College are enrolled full-time.

The enrolled student population at Colby College, both undergraduate and graduate, is 54.8% White, 10.2% Asian, 8.37% Hispanic or Latino, 7.09% Two or More Races, 4.77% Black or African American, 0.166% American Indian or Alaska Native, and 0.0829% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Colby College in full-time Undergraduate programs are most commonly White Female (27.6%), followed by White Male (26.7%) and Asian Female (6.23%).

Full-Time vs Part-Time Enrollment

99.8%

Full-Time Enrollment

The total enrollment at Colby College in 2024, both undergraduate and graduate, is 2,412 students. The full-time enrollment at Colby College is 2,407 and the part-time enrollment is 5. This means that 99.8% of students enrolled at Colby College are enrolled full-time compared with 78.4% 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

94%

2024 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 94%. Compared with the full-time retention rate at similar Baccalaureate Colleges (75%), 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 (2024)

White
1,321 enrolled students
Asian
246 enrolled students
Hispanic or Latino
202 enrolled students

The enrolled student population at Colby College is 54.8% White, 10.2% Asian, 8.37% Hispanic or Latino, 7.09% Two or More Races, 4.77% Black or African American, 0.166% American Indian or Alaska Native, and 0.0829% 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 51.9% White, 13.9% Hispanic or Latino, and 12.8% Black or African American.

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 (3.4%) did not report their race.

Graduates

In 2024, 1 more women than men received degrees from Colby College. The most common race/ethnicity group of degree recipients at Colby College is white (407 degrees awarded). There were 5.15 times more white recipients than the next closest race/ethnicity group, asian (79 degrees).

The most common Bachelor's Degree concentration at Colby College is Econometrics & Quantitative Economics (107 degrees awarded), followed by General Psychology (50 degrees) and General Political Science & Government (49 degrees).

In 2024, 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 (52 degrees awarded), Cultural & Gender Studies (19 degrees), and Philosophy and Religious Studies (22 degrees).

Common Jobs by Major

Lawyers, & judges, magistrates, & other judicial workers

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 Lawyers, & judges, magistrates, & other judicial workers (367,868 people), Other managers (303,173 people), Postsecondary teachers (164,308 people), Elementary & middle school teachers (151,614 people), and Chief executives & legislators (136,123 people).

The most specialized majors at Colby College in 2024 are Natural Resources & Conservation (52 degrees awarded), Cultural & Gender Studies (19 degrees), Philosophy and Religious Studies (22 degrees), Social Sciences (190 degrees), and Math & Statistics (38 degrees) (as of 2024).

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, Magnetic resonance imaging technologists, Diagnostic medical sonographers, Logisticians, and Economists

The most specialized majors at Colby College are Natural Resources & Conservation (52 degrees awarded), Cultural & Gender Studies (19 degrees), Philosophy and Religious Studies (22 degrees), Social Sciences (190 degrees), and Math & Statistics (38 degrees) (as of 2024).

Common Industries by Major

Elementary & secondary schools

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 Elementary & secondary schools (411,666 people), Colleges, universities & professional schools, including junior colleges (348,199 people), Legal services (291,850 people), Computer Systems Design (271,731 people), and Justice, public order, & safety activities (187,901 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 (2024)

Econometrics & Quantitative Economics
107 degrees awarded
General Psychology
50 degrees awarded
General Political Science & Government
49 degrees awarded

In 2024, the most common bachelors degree concentration at Colby College was Econometrics & Quantitative Economics with 107 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

353

Degrees Awarded to Men

in 2024

354

Degrees Awarded to Women

in 2024

In 2024, 353 degrees were awarded to men at Colby College, which is 0.997 times less than the number of degrees awarded to females (354).

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

Most Common Male Majors

In 2024, 76 degrees were awarded to men at Colby College in Econometrics & Quantitative Economics, which is 2.45 times more than the 31 female recipients with that same degree.

Most Common Female Majors

In 2024, 32 degrees were awarded to men at Colby College in General Psychology, which is 1.78 times more than the 18 male recipients with that same degree.

Time to Complete

84%

100% Completion Time

88%

150% Completion Time

In 2024, 84% of students graduating from Colby College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 88% completed their degrees within 150% of the normal time, and 88% 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.

Hispanic or Latino Male

Highest Graduation Rate (95%)

The student demographic with the highest graduation rate in 2024 at Colby College is Male and Hispanic or Latino (95% graduation rate). Across all Baccalaureate Colleges, Asian Female students have the highest graduation rate (75.5%).

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, 3.12% of graduates (16 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2024)

White
407 degrees awarded
Asian
79 degrees awarded
Hispanic or Latino
45 degrees awarded

The most common race/ethnicity at Colby College is white (407 degrees awarded). There were 5.15 times more white recipients than the next closest race/ethnicity group, asian (79 degrees).

4.1% of degree recipients (29 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2024)

White Female
205 degrees awarded
White Male
202 degrees awarded
Asian Female
41 degrees awarded

The most common race/ethnicity and sex grouping at Colby College is white female (205 degrees awarded). There were 1.01 times more white female recipients than the next closest race/ethnicity group, white male (202 degrees).

Operations

Colby College has an endowment valued at nearly $1.16B, as of the end of the 2024 fiscal year. The return on its endowment was of 104M (8.96%) compared to the 8.99% average return (4.98M on 55.4M) across all Baccalaureate Colleges.

In 2024, Colby College had a total salary expenditure of 218M. Colby College employs 90 Assistant professors, 67 Associate professors and 58 Professors. Most academics at Colby College are Female Assistant professor (61), Female Associate professor (36), and Male Professor (33).

The most common positions for non-instructional staff at Colby College are: Management, with 113 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 106 employees, and Office and Administrative Support with 78 employees.

Endowment

$1.16B

2024 Endowment

3.95%

growth from 2023

Colby College has an endowment valued at about $1.16B, as of the end of the 2024 fiscal year. The endowment of Colby College grew 3.95% from the previous year. The value of their endowment was $1.1B 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

$87.3M

2024 Salaries

growth from 2023

In 2024, Colby College paid a median of $87.3M in salaries, which represents 39.9% of their overall expenditure ($218M) and a 0% growth from the previous year.

Instructional Salaries

$29.1M

Instructional Salaries

245

Number of Employees

In 2024, Colby College paid a total of $29.1M to 245 employees working as instructors, which represents 33.4% of all salaries paid.

This is compared to a median of $556k (3.18%) for similar Baccalaureate Colleges.

Occupations by Share

In 2024, the most common positions for non-instructional staff at Colby College were Management with 113 employees, Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 106 employees, and Office and Administrative Support with 78 employees.

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