Head-to-Head Comparison
Colby College vs Harvard University
- Colby Wins
- 11
- Tied
- 14
- Harvard Wins
- 27
Direct Answer
For overall financial value, Colby College offers a significantly safer investment tier. While Harvard University achieves a higher graduation rate (97% vs 89%), its annual cost of attendance sits at $19,066 compared to Colby College's $17,180. Students who choose Colby College benefit from a cost structure that keeps debt manageable while maintaining competitive graduate earnings of $80,490 at ten years.
52 data points compared · Sources: College Scorecard, Opportunity Insights, Times Higher Education, IPEDS
When to Pick Each School
Colby
- Lower cost: Average net price of $17,180, roughly $1,886 a year less
Harvard
- Higher earnings: Median earnings of $101,817 ten years after enrollment, 26% more than Colby College
- Higher grad rate: 97% of students finish, the higher completion rate of the pair
- Less debt: Median debt of $14,000, the lower of the two
- Social mobility: Chetty mobility rate of 1.8%, the stronger record of moving students up the income ladder
- More selective: Admits 4% of applicants, which makes for a more competitive peer group
The Actual Decision
What are you really choosing between?
Colby graduates concentrate in Social Sciences (28% of degrees); Harvard in Social Sciences (27%). If you already know the field you want, the choice is mostly made for you.
Based on each school's share of degrees by field (College Scorecard). It shows where graduates actually concentrate, not the only path a school offers.
Which School Fits You?
Pick Harvard University over Colby College. Median earnings of $101,817 ten years after enrollment vs $80,490.
Pick Colby College over Harvard University. Net price $17,180 vs $19,066.
Pick Harvard University over Colby College. 1.8% mobility rate vs 0.9%.
Pick Harvard University over Colby College. 97% completion rate vs 89%.
Key Metrics at a Glance
Graduation Rate
Earnings (10yr)
Avg Net Price
Median Debt
The Analysis
Verdict
Colby College and Harvard University are close on paper, but Harvard University wins the head-to-head, leading on 5 of the core measures (selectivity, cost, earnings, completion, mobility, and debt). The right pick still depends on how you weight them.
Getting in
Harvard University is the harder admit. It takes 4% of applicants, while Colby College takes 7%. Its entering class also posts the higher average SAT, 1,501 to 1,553.
So what: If test scores and a high-scoring peer group matter to you, Harvard University sets the higher bar. The less selective school is easier to get into, which can work in your favor rather than against it.
What it costs
On price, Colby College comes out ahead. Its average net price after aid is $17,180, about $1,886 a year below Harvard University's $19,066. Graduates of Harvard University also borrow less: median debt of $14,000, against $19,157.
So what: Over four years, the gap adds up to about $7,544 before any change in aid. Choosing Colby College leaves that money available for graduate school, savings, or simply less borrowing.
What graduates earn
Ten years after enrollment, Harvard University graduates report median earnings of $101,817, compared with $80,490 at Colby College. That is a 26% advantage. Set against borrowing, Harvard University has the lower debt-to-earnings ratio, 0.14x to 0.24x.
So what: An earnings gap of 26% this early in a career tends to widen, since raises build on the higher base. Of the measures on this page, this one carries the most financial weight.
Finishing the degree
Harvard University graduates a larger share of its students, 97% versus 89%. More of its students stay on track to a degree.
So what: A completion gap of 8% is a risk measure. Students at the school with the lower rate face higher odds of leaving with debt and no degree, the most expensive outcome in higher education.
Moving people up
Harvard University does more to move students up the income ladder. Its Chetty mobility rate is 1.8%; at Colby College, it is 0.9%. Harvard University also enrolls the larger share of low-income students: 3% come from the bottom income quintile, versus 1.5%.
So what: For first-generation and low-income students, Harvard University offers the stronger statistical shot at reaching the top of the income distribution. The gap is wide enough to weigh in any access-minded decision.
Recommendation
Bottom line: pick Colby College to keep costs and debt down; pick Harvard University for the higher earnings ceiling.
Data certainty: High. Both schools report 6 of 6 core signals used here, so every comparison above matches reported data against reported data.
Counterintuitive Insights
The cheaper school is not the lower-earning one here. Colby College saves about $1,886 a year, yet Harvard University graduates earn $21,327 more ten years after enrollment. The cost advantage and the earnings premium sit at different schools, so your time horizon decides which counts more.
Their academic identities diverge. Colby College concentrates enrollment in Psychology, while Harvard University leans toward Mathematics & Statistics. That split shapes which recruiters come to campus and what your classmates study.
Who Should Look Elsewhere
- Students minimizing debt: median debt is $19,157, against $14,000 at Harvard University.
- Students who want a smaller campus: Harvard University's enrollment of 7,601 far exceeds Colby College's 2,407.
Full Data Breakdown
Inside the admissions office
Harvard offers a binding Early Decision round that can lift your odds; Colby does not, so there is no early-commitment lever to pull there.
Source: each school's published Common Data Set, via collegedata.fyi.
Overview 5 metrics
Admissions 4 metrics
Admissions Strategy (Common Data Set) 4 metrics
Cost & Financial Aid 9 metrics
Academics 5 metrics
Student Body 6 metrics
Outcomes 6 metrics
Social Mobility (Chetty) 4 metrics
Social Capital 3 metrics
Research (Times HE) 4 metrics
Online Education (IPEDS) 2 metrics
The Overviews
Colby College
Waterville, ME · Private nonprofit
With an acceptance rate of just 7%, Colby College is tailored for students who thrive in a highly selective environment and are eager to dive into topics like Social Sciences, Psychology, Biology, and Computer Science. It’s a small community of about 2,407 students, making it easier to form close connections with peers and professors alike. Those who choose Colby are often passionate about their fields and want to engage deeply in their studies.
Looking at life after graduation, alumni report impressive earnings, with a 10-year median income of $80,490. This suggests that a Colby education can lead to solid financial outcomes, helping graduates secure well-paying jobs. The affordability factor is also notable; with a net price of $17,180, many students find that they can graduate without being burdened by excessive debt, as the median debt sits at $19,157. This balance helps foster mobility for those who want to move up in their careers.
The numbers tell a clear story: Colby is not just about getting a degree but about setting up students for success in the real world. While 14% of students receive Pell Grants, indicating that support is available for those who need it, the overall environment tends to attract highly motivated individuals. Those who thrive here share a commitment to their studies and benefit from both a strong academic foundation and a supportive community.
Harvard University
Cambridge, MA · Private nonprofit
With an acceptance rate of just 4%, Harvard University is a place where the most driven and ambitious students find their footing. It’s especially suitable for those drawn to rigorous academic programs like Social Sciences, Biology and Biomedical Sciences, Mathematics, Computer Science, and Physical Sciences. The environment here encourages intellectual curiosity and a commitment to excellence, attracting a diverse group of scholars who are ready to engage deeply with their studies.
After graduation, the financial outlook is promising, with alumni earning an average of $101,817 within ten years. This level of earning power is a significant motivator for students considering their future. While the cost of education is an important factor, many graduates see a strong return on their investment, which makes the financial commitment worthwhile for those who can navigate the admissions process.
When we look at the practical aspects, the net price after aid stands at $19,066, and the median debt is relatively manageable at $14,000. This financial structure allows students to focus on their education without being overwhelmed by debt. Those who thrive at Harvard often share a passion for learning and a desire to make a difference in the world, making the most of the resources and opportunities available to them.
Rankings They Appear On
Harvard University is featured on the Colleges With the Highest Graduation Rates ranking.
Top Degree Programs
Both schools share Sociology as their top enrolled program field, comprising 28% of Colby's student body and 27% of Harvard's.
Career Pathways
Program strengths at these schools feed into careers like Software Developer, Data Scientist, Cybersecurity Analyst (for Colby) and Software Developer, Data Scientist, Cybersecurity Analyst (for Harvard).
The two schools feed different job markets. Colby College is strongest in Psychology, while Harvard University concentrates in Mathematics & Statistics. Those concentrations determine which recruiters show up on campus and where alumni cluster by industry. Match the school's program strengths to the field you plan to enter.
Frequently Asked Questions
Is it harder to get into Colby College or Harvard University?
Harvard University is harder to get into, admitting 4% of applicants compared with 7% at Colby College.
Which is more affordable, Colby College or Harvard University?
Colby College is more affordable, with an average net price of $17,180 after aid versus $19,066 at Harvard University.
Do Colby College or Harvard University graduates earn more?
Harvard University graduates earn more: median earnings of $101,817 ten years after enrollment, versus $80,490 at Colby College.
Which has a better graduation rate, Colby College or Harvard University?
Harvard University has the higher graduation rate, 97% versus 89%.
Colby College vs Harvard University: which is better for social mobility?
Harvard University is the stronger driver of upward mobility, with a Chetty mobility rate of 1.8% versus 0.9%.
Should you choose Colby College or Harvard University?
It depends on what you weigh most. Choose Colby College if affordability and lower debt come first; choose Harvard University if you're optimizing for post-grad earnings. The two schools win on different measures, so the better fit is the one whose strengths match your priorities.
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