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Colby College — ROI, Cost & Payback

Private nonprofit · Waterville, ME · 2,407 students

The verdict

Colby College charges a net price of $17,180/yr after aid — a 4-year total of $68,720. Graduates earn a median $80,490 ten years after entry, $32,130/yr above the $48,360 high-school baseline, clearing the total in 2.1 years — a 20-year net return of $573,880, a strong payback — the degree clears its cost fast. (Scorecard, 2026 · our math.)

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Colby College's 2.1-year payback ranks #83 of 1,280 US colleges we track — better ROI than 94% of them, and #3 of 27 in Maine.

Better ROI than 94% of US colleges#83 of 1,280
Weakest ROIStrongest ROI
$17,180
Net price / yr
Scorecard, 2026
$80,490
Median earnings, 10 yrs
Scorecard, 2026
2.1 yrs
Payback
Our math, 2026
7%
Admission rate
Scorecard, 2026
Colby College: cost, earnings and payback
MeasureValueSource
Net price (after aid)$17,180/yrScorecard, 2026
Total net cost (4 yrs)$68,720our math
Median earnings, 10 yrs after entry$80,490Scorecard, 2026
Earnings premium over HS baseline$32,130/yrour math
Median debt (completers)$19,157Scorecard, 2026
Payback2.1 yrsour math
20-year net return$573,880our math

College Scorecard (2026 release), institution-level · payback and returns are our math.

The arithmetic, on Colby College's own numbers. Net price $17,180 × 4 years = $68,720 total. Median earnings $80,490 − the $48,360 high-school baseline = $32,130 a year of premium. $68,720 ÷ $32,130 = 2.1 years to break even; twenty years of that premium minus the cost leaves $573,880. Future dollars are not discounted, and the earnings figure blends every major here — your programme can beat or miss it. Full method.

How much debt do Colby College students graduate with?

A median $19,157 in federal loans among completers, or 24% of the $80,490 its graduates earn ten years out — our math. The figure excludes private loans and students who left before finishing.

What share of Colby College students graduate?

89% finish their degree. Spread the $68,720 bill across that completion rate and the cohort pays $77,213 per graduate produced — our math, and the figure a payback number never shows.

Is Colby College expensive compared with other Maine colleges?

Its $17,180 net price runs $0 above the $17,180 median across the 27 Maine colleges we profile, or $0 more across the full degree.

Colby College: frequently asked questions

Is Colby College worth the cost?
On the numbers, yes. Colby College charges $17,180/yr after aid ($68,720 over 4 years), and graduates earn a median $80,490 ten years out — $32,130/yr above the $48,360 high-school baseline. That clears the cost in 2.1 years and returns $573,880 net over 20 years, a strong payback — the degree clears its cost fast.
How long does a Colby College degree take to pay off?
About 2.1 years. We divide the $68,720 four-year net cost by the $32,130/yr earnings premium over the high-school baseline. It is a floor, not a ceiling — mid-career raises pay it back faster.
How much does Colby College cost after financial aid?
The median net price is $17,180/yr — about $68,720 over 4 years. That is what the typical aided student actually pays after grants and scholarships, not the published sticker price.
How does Colby College compare to other Maine colleges?
It ranks #3 of 27 Maine colleges we track by payback. Its $80,490 median earnings beat the national median of $43,549, and its $17,180 net price is above the national median of $16,902.