<p>Having financial need may disadvantage you for admissions to Colby, but if you are admitted, then yes, they will meet full need without loans. They have adjusted their need-blind admissions policy to some degree – that is, they may be technically need-blind in the first round of admissions but are admitting more students as transfers, from the waiting list, and internationals which are applicant pools that have traditionally not been need-blind.</p>
<p>Doesn’t mean that Colby wouldn’t be a great option for students with need to apply to. If you get in, it’s great. And they say they are not seeking to admit fewer needy students. That suggests to me that they feel strongly about meeting need and eliminating loans, but they don’t want that policy to swell the ranks of high-need students since they don’t have the massive endowments of some other schools with such policies.</p>