Colby College vs. MIT

Should I go to Colby College or Massachusetts Institute of Technology? Compare 50+ facts and figures about the colleges to help you determine if Colby College or MIT is the better college for you. The CollegeSimply comparison tool allows side-by-side comparison of 50+ statistics and facts for over 2,500 colleges and universities.

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Colby College vs. Massachusetts Institute of Technology comparison
Colby College Massachusetts Institute of Technology College 3 College 4
Colby College Massachusetts Institute of Technology
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Overview

Colby College MIT
Location Waterville, ME Cambridge, MA
Setting Remote Town Midsize City
Enrollment 2,299 11,858
Type Private 4 Year Private 4 Year
National Ranking #44 #8
Religious Affiliation - - - -
Status Non-profit Non-profit
Website colby.edu mit.edu
Team Colors                    

Costs

Colby College MIT
Tuition (In State) $60,840 $57,590
Tuition (Out of State) $60,840 $57,590
Room & Board $16,330 $18,790
Avg Net Price $16,951 $20,232
Avg Grant Aid $61,714 $45,591
% Receiving Grant Aid 41% 71%

Admission

Colby College MIT
Admission Chances Calculate Calculate
Applied 16,890 33,767
Admitted 1,286 1,337
Acceptance Rate 7.6% 4%
Enrolled % 52.3% 85%
Avg High School GPA 3.86 3.96
Typical High School Grades A- A-
Admissions Standards Elite Elite
Applicant Competition Extreme Extreme
ACT Range 32/34 35/36
SAT Range 1430/1540 1530/1580
Submit Test Scores Not required for admission, but considered if submitted (Test Optional) Required to be considered for admission
Application Deadline Jan 1, 2025 Jan 1, 2025

Academics

Colby College MIT
Student to Faculty Ratio 10:1 3:1
Popular Majors
  • Social Sciences (23%)
  • General Studies (13%)
  • Biology (10%)
  • English and Literature (8%)
  • Physical Sciences (7%)
  • Engineering (41%)
  • Computer and Information Sciences (13%)
  • Physical Sciences (10%)
  • Mathematics (8%)
  • Biology (8%)

Outcomes

Colby College MIT
Graduation Rate 91% 93%
Median Earnings (After 10 years) $73,400 $142,100
Making Student Loan Payments 88% 92%
Median Student Loan Debt $19,345 $17,316
Median Loan Payment $200 $179

Diversity

Colby College MIT
% Men 48% 57%
% Women 52% 43%
Racial Diversity Medium Very High
HBCU No No
% White 62% 37%
% Black 3% 6%
% Hispanic 6% 15%
% Native American 0% 0%
% Pacific Islander 0% 0%
% Two or More Races 5% 6%
% International 11% 10%
% Unknown Race 7% 2%

Students

Colby College MIT
% In-State 7% 7%
% Out-of-State 79% 81%

Campus

Colby College MIT
Campus Housing Yes Yes
Freshman Dorm Required No No
Meal Plan Yes Yes
Weekend/Evening Classes No No
Daycare Facility No Yes
Learn More Details Details

Comparable Facts

  • Massachusetts Institute of Technology is larger than than Colby College based on total student enrollment (11,858 students vs. 2,299 students)

Colby College vs. MIT Cost Comparison

Which college is more expensive, Colby College or MIT?

  • Colby College is 5.6% more expensive to attend than MIT for in-state tuition ($60,840.00 vs. $57,590.00)
  • Out of state tuition is 5.6% higher at Colby College than Massachusetts Institute of Technology ($60,840.00 vs. $57,590.00)
  • The typical actual cost that students pay to attend (average net price) is less at Colby College than MIT ($16,951 vs. $20,232)
  • Living costs (room and board or off-campus housing budget) at Colby College are 15.1% lower than costs at Massachusetts Institute of Technology ($16,330 vs. $18,790)
  • More students receive financial grant aid at Massachusetts Institute of Technology than Colby College (71% vs. 41%)
  • The average total grant financial aid received by Colby College students is 35.4% larger than aid received Massachusetts Institute of Technology ($61,714 vs. $45,591)

Colby College vs. MIT Admissions Difficulty Comparison

Which college is harder to get into, Colby College or MIT? Average SAT and ACT scores plus acceptance rates offer good insight into the difficulty of admission between MIT or Colby College .

  • The average SAT score at Massachusetts Institute of Technology (1507) is 144 points higher than at Colby College (1363)
  • Incoming MIT students have a 3 point higher average ACT score (34) than students at Colby College (31)
  • Accepted freshman MIT students have a 0.1 point higher average high school GPA (3.96) than students at Colby College (3.86)
  • Colby College has a higher acceptance rate (7.6%) than MIT (4%)

Colby College vs. MIT Graduation Outcomes Comparison

Which is better, Colby College or MIT? Graduation rate, salary and amount of student loan debt are indicators of a college which offers better outcomes for its graduates. Compare the following outcomes facts between MIT and Colby College.

  • The graduation rate at MIT is higher than Colby College (93% vs. 91%)
  • Graduates from Massachusetts Institute of Technology earn on average $68,700 more per year than Colby College graduates after ten years. ($142,100 vs. $73,400)
  • Massachusetts Institute of Technology students graduate with a $2,029 lower median federal student loan debt than Colby College graduates. ($17,316 vs. $19,345)
  • MIT graduates are paying $21 less per month on federal student loans than Colby College graduates. ($179 vs. $200)
  • More MIT graduates are actively paying back their federal student loan debt than former Colby College students, three years after graduation. (92% vs. 88%)

Sources: U.S. Department of Education https://nces.ed.gov IPEDS and College Scorecard https://collegescorecard.ed.gov/