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Rank: 50

Colby College

Waterville, MEhttps://www.colby.edu
Founded in 1813, Colby is one of the oldest private colleges in the U.S. and prides itself on its low student-faculty ratio and the opportunities it provides for undergraduate research. Each January, students complete a "Jan Plan," an exploratory term that allows them to focus on a single subject or experience -- which can mean anything from studying film narratives and producing entire movies to learning the art of fly fishing in California to studying West African music and performing live. While students are only required to complete three Jan Plans, often students will elect to complete a fourth term because the experience is so enjoyable. On campus, Colby's 2,000 undergraduates praise the close relationships they're able to form with professors, some of whom even invite students over for home-cooked dinners. Academically, social sciences programs are the most popular, with the economics and political science departments handing out the most degrees. The campus has an idyllic, New England feel, with an on-campus arboretum and nature trails. But its location in central Maine is a bit off the beaten path, with the nearest large city, Portland, some 90 minutes to the south. Colby has an impressive graduation rate of 91%, and students tell PayScale that their early-career earnings average $55,300.
CORONAVIRUS UPDATE
FALL 2020 PLAN: Colby is welcoming all students and faculty back to campus with a testing requirement before they arrive. The university will use rigorous coronavirus testing and tracing, and quarantine and isolation housing if the virus appears.
costs
Est. Full Price 2020-2021
$72,900
% of students who get any grants
49%
Est. price for students who receive aid
$21,600
Average price for low-income students
$1,100
admissions
Acceptance rate
13%
Median SAT/ACT Score
1430/32
SAT/ACT Required for Fall 2021?
no
Enrollment
2,000
Financial Aid
% of students with need who get grants
100%
% of need met
100%
% of students who get merit* grants
3%
Average merit grant
$1,310
student success
Graduation rate
90%
Average time to a degree
4 years
Average student debt
$19,450
Average salary within 5 years
$55,300
% earning more than $28,000
85%
key deadlines
Early decision application
Nov 15
Regular application
Jan 1

* Share of full-time undergraduates who had no financial need and were awarded grants.

* Full price of attendance includes on-campus room & board fees, which may not be applicable to all colleges' reopening plans this year.

Sources: U.S. Department of Education, Peterson's, PayScale.com, Money/American Institutes for Research calculations, Opportunity Insights.

coronavirus update

FALL 2020 PLAN: Colby is welcoming all students and faculty back to campus with a testing requirement before they arrive. The university will use rigorous coronavirus testing and tracing, and quarantine and isolation housing if the virus appears.

* Share of full-time undergraduates who had no financial need and were awarded grants.

* Full price of attendance includes on-campus room & board fees, which may not be applicable to all colleges' reopening plans this year.

Sources: U.S. Department of Education, Peterson's, PayScale.com, Money/American Institutes for Research calculations, Opportunity Insights.

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