Colby College

Baccalaureate Colleges

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2016 Undergraduate Tuition

$48,820

3.74% growth from 2015

2016 Average Net Price

$21,032

After Financial Aid

2015 Student Loan

2.67%

Default Rate

2016 Acceptance Rate

18.7%

9,833 Applicants

2016 Enrolled Students

1,879

100% Full-Time

2016 Graduation Rate

89%

431 Graduates

About

Costs

Admissions

Enrollment

Graduates

Operations

About

Colby College is a higher education institution located in Kennebec County, ME. In 2016, the most popular Bachelor's Degree concentrations at Colby College were General Economics (87 degrees awarded), General Political Science & Government (49 degrees), and General Biological Sciences (45 degrees).

In 2016, 674 degrees were awarded across all undergraduate and graduate programs at Colby College. 55.9% of these degrees were awarded to women, and 44.1% awarded men. The majority of degree recipients were white (418 degrees), 5.29 times more than then the next closest race/ethnicity group, unknown (79 degrees).

The median undergraduate tuition at Colby College is $48,820, which is $24,405 more than the national average for Baccalaureate Colleges ($24,415).

About the photo: Miller Library viewed from Lorimer Chapel

Photo by Roman Boed

Baccalaureate Colleges: Arts & Sciences FocusBaccalaureate Colleges

Costs

The median undergraduate tuition at Colby College is $48,820, which is $24,405 more than the national average for Baccalaureate Colleges ($24,415).

After taking grants and loans into account, the average net price for students is $21,032.

In 2016, 41% of undergraduate students received federal grants, while 17% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$48,820

2016 Undergraduate Tuition

In 2016, the cost of tuition at Colby College was $48,820. The cost of tuition at Colby College is $24,405 more than than the overall (public and private) national average for Baccalaureate Colleges ($24,415).

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

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Average Net Price

$21,032

2016 Value

11.2%

1 Year Growth

In 2016 Colby College had an average net price — the price paid after factoring in grants and loans — of $21,032. Between 2015 and 2016, the average net price of Colby College grew by 11.2%.

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.

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Other Student Expenses

$8,925

Room and Board

$700

Books and Supplies

The average yearly cost of room and board at Colby College was of $8,925 in 2016. During the same period, the average yearly cost of books and supplies was $700. The cost of room and board increased by 3.84% between 2015 and 2016. The cost of books and supplies did not change during the same period.

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Financial Aid

Financial Aid by Income Level

41%

Of Undergraduates Receive Grants

17%

Of Undergraduates Receive Federal Loans

41% of undergraduate students at Colby College received grants or loans in 2016. This represents a decline of 10.9% with respect to 2015, when 46% 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.

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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.

2.67%

2015 Default Rate

5

Number of Defaults

In 2015 the default rate for borrower's at Colby College was 2.67%, which represents 5 out of the 187 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.

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Admissions

Colby College received 9,833 undergraduate applications in 2016, which represents a 29.5% annual growth. Out of those 9,833 applicants, 1,840 students were accepted for enrollment, representing a 18.7% acceptance rate.

There were 1,879 students enrolled at Colby College in 2016, and 61% of first-time enrollees submitted SAT scores with their applications.

Colby College has an overall enrollment yield of 27.7%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

18.7%

Acceptance Rate in 2016

1,840

Accepted Out of 9,833

In 2016, the undergraduate acceptance rate of Colby College was 18.7% (1,840 admissions from 9,833 applications). This is lower than the acceptance rate of 2015, which was 22.5%. Between 2015 and 2016, the number of applicants grew by 29.5%, while admissions grew by 7.6%.

This chart compares the acceptance rate of Colby College (in red) with that of other similar universities.

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SAT Scores

61%

Submission Percentage

312

Scores Submitted

61% of enrolled first-time students at Colby College in 2016 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.

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Enrollment

Colby College has a total enrollment of 1,879 students. The full-time enrollment at Colby College is 1,879 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 61.8% White, 7.03% Hispanic or Latino, 5.96% Asian, 4.52% Two or More Races, 3.73% Black or African American, 0.319% American Indian or Alaska Native, and 0.16% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Colby College in full-time Undergraduate programs are majority White Female (32.6%), followed by White Male (29.2%) and Hispanic or Latino Male (3.51%). Students enrolled in full-time Graduate programs are majority N/A, followed by N/A and N/A.

Full-Time vs Part-Time Enrollment

100%

Full-Time Enrollment

The total enrollment at Colby College, both undergraduate and graduate, is 1,879 students. The full-time enrollment at Colby College is 1,879 and the part-time enrollment is 0. This means that 100% of students enrolled at Colby College are enrolled full-time compared with 81% at similar Baccalaureate Colleges.

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

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Retention Rate over Time

93%

2016 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 93%. Compared with the full-time retention rate at similar Baccalaureate Colleges (74%), 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.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity

  1. White

    1,161

  2. Hispanic or Latino

    132

  3. Asian

    112

The enrolled student population at Colby College is 61.8% White, 7.03% Hispanic or Latino, 5.96% Asian, 4.52% Two or More Races, 3.73% Black or African American, 0.319% American Indian or Alaska Native, and 0.16% 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 55.6% White, 14% Black or African American, and 12.4% 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, 97 students (5.16%) did not report their race.

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Graduates

In 2016, 80 more women than men received degrees from Colby College. The majority of degree recipients at Colby College are white (418 degrees awarded). There were 5.29 times more white graduates than the next closest race/ethnicity group, unknown (79 degrees).

The most common Bachelor's Degree concentration at Colby College is General Economics (87 degrees awarded), followed by General Political Science & Government (49 degrees) and General Biological Sciences (45 degrees).

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 (26 degrees), and Language & Linguistics (35 degrees).

Workforce

Common Jobs by Major

Miscellaneous managers

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 Miscellaneous managers (159,008 people), Postsecondary teachers (158,349 people), Elementary & middle school teachers (129,762 people), Software developers, applications & systems software (92,585 people), and Physicians & surgeons (84,132 people).

The most specialized majors at Colby College are Natural Resources & Conservation (52 degrees awarded), Cultural & Gender Studies (26 degrees), Language & Linguistics (35 degrees), Math & Statistics (35 degrees), and Physical Sciences (44 degrees).

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Highest Paying Jobs by Major

Physicians & 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 Physicians & surgeons, Real estate brokers & sales agents, Chief executives & legislators, Aircraft pilots & flight engineers, and Credit counselors & loan officers

The most specialized majors at Colby College are Natural Resources & Conservation (52 degrees awarded), Cultural & Gender Studies (26 degrees), Language & Linguistics (35 degrees), Math & Statistics (35 degrees), and Physical Sciences (44 degrees).

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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 (259,749 people), Elementary & secondary schools (242,020 people), Computer Systems Design (123,006 people), Hospitals (112,235 people), and Scientific research & development services (76,330 people).

The most specialized majors at Colby College are Natural Resources & Conservation (52 degrees awarded), Cultural & Gender Studies (26 degrees), Language & Linguistics (35 degrees), Math & Statistics (35 degrees), and Physical Sciences (44 degrees).

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Degrees

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

  1. General Economics

    87 degrees awarded

  2. General Political Science & Government

    49 degrees awarded

  3. General Biological Sciences

    45 degrees awarded

In 2016, the most common bachelors degree concentration at Colby College was General Economics with 87 degrees awarded.

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

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Gender Breakdown for Common Majors

Degrees Awarded to Men

  1. 297

  2. 377

In 2016, 297 degrees were awarded to men at Colby College, which is 0.788 times less than the number of degrees awarded to females (377).

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

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Most Common Male Majors

In 2016, 66 degrees were awarded to men at Colby College in General Economics, which is 3.14 times more than the 21 female recipients with that same degree.

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Most Common Female Majors

In 2016, 31 degrees were awarded to women at Colby College in General Biological Sciences, which is 2.21 times more than the 14 male recipients with that same degree.

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Time to Complete

85%

100% Completion Time

90%

150% Completion Time

In 2016, 85% of students graduating from Colby College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 90% completed their degrees within 150% of the normal time, and 91% 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.

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Diversity

Graduation Rate by Race and Gender

Showing demographic groups with ≥ 5 graduating students.

Asian Male

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate at Colby College is Male and Asian (100% graduation rate). Across all Baccalaureate Colleges, Asian Female students have the highest graduation rate (67.2%).

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, 12.3% of graduates (53 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity

  1. White

    418 degrees awarded

  2. Unknown

    79 degrees awarded

  3. Asian

    42 degrees awarded

The most common race/ethnicity at Colby College is white (418 degrees awarded). There were 5.29 times more white recipients than the next closest race/ethnicity group, unknown (79 degrees).

11.7% of degree recipients (79 students) did not report their race.

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Race & Ethnicity by Gender

Most Common Gender Demographic

  1. White Female

    240 degrees awarded

  2. White Male

    178 degrees awarded

  3. Hispanic or Latino Male

    24 degrees awarded

The most common race/ethnicity and gender grouping at Colby College is white female (240 degrees awarded). There were 1.35 times more white female recipients than the next closest race/ethnicity group, white male (178 degrees).

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Operations

Colby College has an endowment valued at nearly $746M, as of the end of the 2015 fiscal year. The return on its endowment was of $31.1M (4.17%), compared to the 2.13% average return ($717k on $33.6M) across all Baccalaureate Colleges.

In 2015, Colby College had a total expenditure of $128M. Of that $128M, they spent $52.9M on salaries and $128M on benefits.

Colby College employs 72 Assistant professors, 68 Professors, and 50 Associate professors. Most academics at Colby College are Male Professors (42), Female Assistant professors(39), and Male Assistant professors (33).

The most common positions for non-instructional staff at Colby College are: Management, with 95 employees, Service, with 80 employees, and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 79 employees.

Finances

Endowment

$746M

2015 Endowment

0.719%

growth from 2014

Colby College has an endowment valued at about $746M, as of the end of the 2015 fiscal year. The endowment of Colby College grew 0.719% from the previous year. The value of their endowment was $712M 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.

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Government Grants and Contracts

Grants & Contracts

  1. $1.77M - Federal

  2. $15k - State

  3. $0 - Local

As of 2015, Colby College received $1.77M in grants and contracts from the federal government, $15k from state grants and contracts, and $0 from local grants and contracts.

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Expenses

Primary Expenses

Expenditure values can vary depending on whether the institution is public or private, and are not available for private-for-profit schools.

$52.9M

Salary Expenditure

$128M

Benefits Expenditure

In 2015, Colby College had a total expenditure of $128M. Of that $128M, they spent $52.9M on salaries and $128M on benefits.

The bar chart shows the share of the primary expenses at Colby College over time, and the line chart shows the expenditure for solely salaries and benefits over time compared to the median for the Baccalaureate Colleges Carnegie Classification grouping.

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Expenditure by Category

This tree map shows all of the primary expenses of Research at Colby College as a share of total expenditure.

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Salary Expenditure

$52.9M

2015 Salaries

3.97%

growth from 2014

In 2015, Colby College paid a median of $52.9M in salaries, which represents 41.4% of their overall expenditure ($128M) and a 3.97% growth from the previous year. This is compared to a 5.87% growth from 2013 and a 3.62% growth from 2012.

The median for similar Baccalaureate Colleges is 13.3M (38.4% of overall expenditures).

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Instructional Salaries

$19M

Instructional Salaries

180

Number of Employees

In 2015, Colby College paid a total of $19M to 180 employees working as instructors, which represents 36% of all salaries paid.

This is compared to a median of $4.52M (34%) for similar Baccalaureate Colleges.

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Faculty and Staff

Occupations by Share

Assistant professor

Most Common Instructor

72 Employees

Management

Most Common Non-Instructional Employee

95 Employees

In 2016, the most common positions for instructional staff at Colby College were Assistant professor with 72 employees; Professor with 68 employees; and Professor with 50 employees.

In 2016, the most common positions for non-instructional staff at Colby College were Management with 95 employees; Service with 80 employees; and Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 79 employees.

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Instructors by Academic Rank and Gender

Most Common Demographic

  1. Male Professor

  2. Female Assistant professor

  3. Male Assistant professor

In 2016, the most common demographic for instructional staff at Colby College was Male Professor with 42 employees, Female Assistant professor with 39 employees, and Male Assistant professor with 33 employees.

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

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