Colby College

Baccalaureate Colleges

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2017 Undergraduate Tuition

$50,890

4.24% growth from 2016

2017 Average Net Price

$20,361

After Financial Aid

2017 Acceptance Rate

15.8%

11,190 Applicants

2017 Enrolled Students

1,917

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 (69 degrees), and International & Global Studies (42 degrees).

In 2017, 615 degrees were awarded across all undergraduate and graduate programs at Colby College. 50.9% of these degrees were awarded to women, and 49.1% awarded men. The majority of degree recipients were white (348 degrees), 5.8 times more than then the next closest race/ethnicity group, unknown (60 degrees).

The median undergraduate tuition at Colby College is $50,890, which is $25,696 more than the national average for Baccalaureate Colleges ($25,194).

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 $50,890, which is $25,696 more than the national average for Baccalaureate Colleges ($25,194).

After taking grants and loans into account, the average net price for students is $20,361.

In 2017, 46% of undergraduate students received federal grants, while 21% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$50,890

2017 Undergraduate Tuition

In 2017, the cost of tuition at Colby College was $50,890. The cost of tuition at Colby College is $25,696 more than than the overall (public and private) national average for Baccalaureate Colleges ($25,194).

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

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Average Net Price

$20,361

2017 Value

3.19%

1 Year Growth

In 2017 Colby College had an average net price — the price paid after factoring in grants and loans — of $20,361. Between 2016 and 2017, the average net price of Colby College grew by 3.19%.

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

$9,275

Room and Board

$732

Books and Supplies

The average yearly cost of room and board at Colby College was of $9,275 in 2017. During the same period, the average yearly cost of books and supplies was $732. The cost of room and board increased by 3.92% between 2016 and 2017. The cost of books and supplies increased by 4.57% during the same period.

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Financial Aid

Financial Aid by Income Level

46%

Of Undergraduates Receive Grants

21%

Of Undergraduates Receive Federal Loans

46% of undergraduate students at Colby College received grants or loans in 2017. This represents a growth of 12.2% with respect to 2016, when 41% 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.

0%

2016 Default Rate

0

Number of Defaults

In 2016 the default rate for borrower's at Colby College was 0%, which represents 0 out of the 158 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 11,190 undergraduate applications in 2017, which represents a 13.8% annual growth. Out of those 11,190 applicants, 1,767 students were accepted for enrollment, representing a 15.8% acceptance rate.

There were 1,917 students enrolled at Colby College in 2017, and 49% of first-time enrollees submitted SAT scores with their applications.

Colby College has an overall enrollment yield of 31.2%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

15.8%

Acceptance Rate in 2017

1,767

Accepted Out of 11,190

In 2017, the undergraduate acceptance rate of Colby College was 15.8% (1,767 admissions from 11,190 applications). This is lower than the acceptance rate of 2016, which was 18.7%. Between 2016 and 2017, the number of applicants grew by 13.8%, while admissions declined by -3.97%.

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

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SAT Scores

49%

Submission Percentage

271

Scores Submitted

49% of enrolled first-time students at Colby College in 2017 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 1,917 students. The full-time enrollment at Colby College is 1,917 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 63.8% White, 7.3% Hispanic or Latino, 7.15% Asian, 4.59% Two or More Races, 3.91% Black or African American, 0.417% American Indian or Alaska Native, and 0.156% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Colby College in full-time Undergraduate programs are majority White Female (32.9%), followed by White Male (30.9%) and Asian Female (3.91%). 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 1,917 students. The full-time enrollment at Colby College is 1,917 and the part-time enrollment is 0. This means that 100% of students enrolled at Colby College are enrolled full-time compared with 80.6% 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

94%

2017 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 (73%), 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

    1,223

  2. Hispanic or Latino

    140

  3. Asian

    137

The enrolled student population at Colby College is 63.8% White, 7.3% Hispanic or Latino, 7.15% Asian, 4.59% Two or More Races, 3.91% Black or African American, 0.417% American Indian or Alaska Native, and 0.156% 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 54.9% White, 14% Black or African American, and 12.6% 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, 45 students (2.35%) did not report their race.

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Graduates

In 2017, 11 more women than men received degrees from Colby College. The majority of degree recipients at Colby College are white (348 degrees awarded). There were 5.8 times more white graduates than the next closest race/ethnicity group, unknown (60 degrees).

The most common Bachelor's Degree concentration at Colby College is General Economics (87 degrees awarded), followed by General Political Science & Government (69 degrees) and International & Global Studies (42 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 (44 degrees awarded), Cultural & Gender Studies (17 degrees), and Social Sciences (185 degrees).

Workforce

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 (318,826 people), Other managers (252,241 people), Elementary & middle school teachers (222,350 people), Postsecondary teachers (163,783 people), and Chief executives & legislators (106,181 people).

The most specialized majors at Colby College are Natural Resources & Conservation (44 degrees awarded), Cultural & Gender Studies (17 degrees), Social Sciences (185 degrees), Language & Linguistics (32 degrees), and Math & Statistics (35 degrees).

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Highest Paying Jobs by Major

Nuclear medicine technologists and medical dosimetrists

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 Nuclear medicine technologists and medical dosimetrists, Chemists & materials scientists, Dentists, Cardiovascular technologists and technicians, and Sales managers

The most specialized majors at Colby College are Natural Resources & Conservation (44 degrees awarded), Cultural & Gender Studies (17 degrees), Social Sciences (185 degrees), Language & Linguistics (32 degrees), and Math & Statistics (35 degrees).

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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 (424,717 people), Colleges, universities & professional schools, including junior colleges (329,419 people), Legal services (261,281 people), Computer Systems Design (198,343 people), and Justice, public order, & safety activities (167,884 people).

The most specialized majors at Colby College are Natural Resources & Conservation (44 degrees awarded), Cultural & Gender Studies (17 degrees), Social Sciences (185 degrees), Language & Linguistics (32 degrees), and Math & Statistics (35 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

    69 degrees awarded

  3. International & Global Studies

    42 degrees awarded

In 2017, 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. 302

  2. 313

In 2017, 302 degrees were awarded to men at Colby College, which is 0.965 times less than the number of degrees awarded to females (313).

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 2017, 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 2017, 32 degrees were awarded to women at Colby College in General Political Science & Government, which is 0.865 times less than the 37 male recipients with that same degree.

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Time to Complete

91%

100% Completion Time

94%

150% Completion Time

In 2017, 91% of students graduating from Colby College completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 94% completed their degrees within 150% of the normal time, and 94% 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

    348 degrees awarded

  2. Unknown

    60 degrees awarded

  3. Hispanic or Latino

    37 degrees awarded

The most common race/ethnicity at Colby College is white (348 degrees awarded). There were 5.8 times more white recipients than the next closest race/ethnicity group, unknown (60 degrees).

9.76% of degree recipients (60 students) did not report their race.

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Race & Ethnicity by Gender

Most Common Gender Demographic

  1. White Female

    184 degrees awarded

  2. White Male

    164 degrees awarded

  3. Hispanic or Latino Male

    24 degrees awarded

The most common race/ethnicity and gender grouping at Colby College is white female (184 degrees awarded). There were 1.12 times more white female recipients than the next closest race/ethnicity group, white male (164 degrees).

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Operations

Colby College has an endowment valued at nearly $775M, as of the end of the 2017 fiscal year. The return on its endowment was of $89.9M (11.6%), compared to the 7.76% average return ($2.88M on $37.1M) across all Baccalaureate Colleges.

In 2017, Colby College had a total expenditure of $145M. Of that $145M, they spent $54.9M on salaries and $145M on benefits.

Colby College employs 74 Assistant professors, 65 Professors, and 51 Associate professors. Most academics at Colby College are Male Professors (39), Male Assistant professors(39), and Female Assistant professors (35).

The most common positions for non-instructional staff at Colby College are: Management, with 109 employees, Office and Administrative Support, with 85 employees, and Service with 85 employees.

Finances

Endowment

$775M

2017 Endowment

9.07%

growth from 2016

Colby College has an endowment valued at about $775M, as of the end of the 2017 fiscal year. The endowment of Colby College grew 9.07% from the previous year. The value of their endowment was $738M 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. $1.91M - Federal

  2. $36k - State

  3. $0 - Local

As of 2017, Colby College received $1.91M in grants and contracts from the federal government, $36k 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.

$54.9M

Salary Expenditure

$145M

Benefits Expenditure

In 2017, Colby College had a total expenditure of $145M. Of that $145M, they spent $54.9M on salaries and $145M 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

$54.9M

2017 Salaries

7.01%

growth from 2016

In 2017, Colby College paid a median of $54.9M in salaries, which represents 37.9% of their overall expenditure ($145M) and a 7.01% growth from the previous year. This is compared to a 2.94% decline from 2015 and a 3.97% growth from 2014.

The median for similar Baccalaureate Colleges is 14.2M (38.9% of overall expenditures).

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Instructional Salaries

$21.1M

Instructional Salaries

202

Number of Employees

In 2017, Colby College paid a total of $21.1M to 202 employees working as instructors, which represents 38.4% of all salaries paid.

This is compared to a median of $8.01M (34.6%) for similar Baccalaureate Colleges: Arts & Sciences Focus.

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Faculty and Staff

Occupations by Share

Assistant professor

Most Common Instructor

74 Employees

Management

Most Common Non-Instructional Employee

109 Employees

In 2017, the most common positions for instructional staff at Colby College were Assistant professor with 74 employees; Professor with 65 employees; and Professor with 51 employees.

In 2017, the most common positions for non-instructional staff at Colby College were Management with 109 employees; Office and Administrative Support with 85 employees; and Service with 85 employees.

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Instructors by Academic Rank and Gender

Most Common Demographic

  1. Male Professor

  2. Male Assistant professor

  3. Female Assistant professor

In 2017, the most common demographic for instructional staff at Colby College was Male Professor with 39 employees, Male Assistant professor with 39 employees, and Female Assistant professor with 35 employees.

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

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