July 2021

Dear Colby Students and Parents:
A number of parents have expressed their concern about the growing cost of education and the associated risk caused by an unpredictable withdrawal. In response to these inquiries, Colby will again offer an optional tuition refund insurance plan. This plan will substantially reduce the financial loss if a student is forced to withdraw due to a medical condition.

College policy alone will refund a portion of the costs when a student withdraws for medical reasons. The Tuition Refund Plan (TRP) offered by A.W.G. Dewar, Inc. of Quincy, Massachusetts protects your educational investment by reimbursing 80% of the insured semester charges, less any refund from the College, in the case of all medical withdrawals, subject to conditions of coverage.

The College refund of semester charges for medical withdrawals is prorated weekly for all Colby programs. Financial aid will be adjusted in accordance with federal requirements before any refund is made to the student.

Students who take a leave of absence to study at a program for which payment is not made directly to Colby are not eligible to subscribe to the plan. I encourage you to review the details of The Tuition Refund Plan coverage carefully, especially the section on exclusions.

The cost of this plan for the academic year is $562.00 for on-campus students and $488.00 for off-campus students. Eligible students who wish to subscribe should submit the online application and payment no later than September 8, 2021, the first day of classes. Online application cannot be accepted after this date.

If you have questions, feel free to contact the College at 207-859-4132 or A.W.G. Dewar, Inc. at 617-774-1555.


Cynthia W. Wells
Director of Student Financial Services

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