| Overall Rating | Gold - expired |
|---|---|
| Overall Score | 75.65 |
| Liaison | Maddie LoDico |
| Submission Date | Dec. 12, 2014 |
| Executive Letter | Download |
Colby College
PA-8: Affordability and Access
| Status | Score | Responsible Party |
|---|---|---|
|
3.17 / 4.00 |
Jed
Wartman Associate Dean of Students and Director of Campus Life Campus Life |
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Does the institution have policies and programs in place to make it accessible and affordable to low-income students?:
Yes
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A brief description of any policies and programs to minimize the cost of attendance for low-income students:
Colby fully meets the demonstrated financial need of all admitted students completely in the form of grants, which do not have to be repaid. Financial assistance is met through a combination of different sources depending on students’ needs, such as, Federal Pell Grants, Federal Work Study Grants, and the largest source of grant funding, Colby institutional grants. Deep rooted commitment to financial aid and access, 40% of students are aided in some capacity.
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A brief description of any programs to equip the institution’s faculty and staff to better serve students from low-income backgrounds:
Based on the diversity of each incoming class, the Administration organizes and gives workshops and classes for prepare the staff and faculty to better serve a diverse student body.
None
A brief description of any programs to prepare students from low-income backgrounds for higher education:
Low-income, International, and first-generation college students have receptions during orientation, are paired with student mentors, and have the Pugh Center to prepare them for higher education.
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A brief description of the institution's scholarships for low-income students:
Colby's financial aid is need-based, but we additionally have the Ralph Bunche scholarship for students of color.
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A brief description of any programs to guide parents of low-income students through the higher education experience:
Colby has a growing set of resources and programming for all parents including lectures on move-in day and parents' weekend, and a section of the website devoted to parents.
None
A brief description of any targeted outreach to recruit students from low-income backgrounds:
Colby has an ongoing partnership with the POSSE Foundation, which recruits low-income and minority students.
None
A brief description of other admissions policies or programs to make the institution accessible and affordable to low-income students:
Colby also has a diverse range of work-studies and also can fund campus events for low-income students.
None
A brief description of other financial aid policies or programs to make the institution accessible and affordable to low-income students:
"The College awards $25 million in grant assistance annually. Grants do not have to be repaid and are available from a variety of sources including federal and state governments, other outside agencies, and the College’s own funds. Eligible aid recipients are automatically considered for grants.
Federal Grants including Pell Grants and Federal Supplemental Educational Opportunity Grants (FSEOG) are offered to students who submit completed financial aid applications to the College and demonstrate federal grant eligibility."
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A brief description of other policies and programs to make the institution accessible and affordable to low-income students not covered above:
There are hundreds of student job opportunities available, and we can often match student interest with specific openings across campus. Even if you don’t receive financial aid, you can earn up to $1,850 per year by working on campus. If you do receive aid we expect that you’ll work 10 to 12 hours each week and use your earnings to cover personal expenses.
None
Does the institution have policies and programs in place to support non-traditional students?:
No
None
A brief description of any scholarships provided specifically for part-time students:
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A brief description of any onsite child care facilities, partnerships with local facilities, and/or subsidies or financial support to help meet the child care needs of students:
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A brief description of other policies and programs to support non-traditional students:
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Does the institution wish to pursue Part 2 of this credit (accessibility and affordability indicators)?:
Yes
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Indicators that the institution is accessible and affordable to low-income students::
| Percentage (0-100) | |
| The percentage of entering students that are low-income | 10 |
| The graduation/success rate for low-income students | 89 |
| The percentage of student financial need met, on average | 100 |
| The percentage of students graduating with no interest-bearing student loan debt | 67.50 |
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The percentage of students that participate in or directly benefit from the institution’s policies and programs to support low-income and non-traditional students:
41
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The website URL where information about the institution's affordability and access programs is available:
Data source(s) and notes about the submission:
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The information presented here is self-reported. While AASHE staff review portions of all STARS reports and institutions are welcome to seek additional forms of review, the data in STARS reports are not verified by AASHE. If you believe any of this information is erroneous or inconsistent with credit criteria, please review the process for inquiring about the information reported by an institution or simply email your inquiry to stars@aashe.org.