diff --git a/lib/ecto/adapters/postgres/connection.ex b/lib/ecto/adapters/postgres/connection.ex
index b4d16e12..a8d7d5c1 100644
--- a/lib/ecto/adapters/postgres/connection.ex
+++ b/lib/ecto/adapters/postgres/connection.ex
@@ -1532,7 +1532,7 @@ if Code.ensure_loaded?(Postgrex) do
       [
         quote_name(name),
         ?\s,
-        reference_column_type(ref.type, opts),
+        add_reference_column_type(ref.type, opts),
         column_options(ref.type, opts),
         ", ",
         reference_expr(ref, table, name)
@@ -1540,7 +1540,7 @@ if Code.ensure_loaded?(Postgrex) do
     end
 
     defp column_definition(_table, {:add, name, type, opts}) do
-      [quote_name(name), ?\s, column_type(type, opts), column_options(type, opts)]
+      [quote_name(name), ?\s, add_column_type(type, opts), column_options(type, opts)]
     end
 
     defp column_changes(table, columns) do
@@ -1552,7 +1552,7 @@ if Code.ensure_loaded?(Postgrex) do
         "ADD COLUMN ",
         quote_name(name),
         ?\s,
-        reference_column_type(ref.type, opts),
+        add_reference_column_type(ref.type, opts),
         column_options(ref.type, opts),
         ", ADD ",
         reference_expr(ref, table, name)
@@ -1560,7 +1560,13 @@ if Code.ensure_loaded?(Postgrex) do
     end
 
     defp column_change(_table, {:add, name, type, opts}) do
-      ["ADD COLUMN ", quote_name(name), ?\s, column_type(type, opts), column_options(type, opts)]
+      [
+        "ADD COLUMN ",
+        quote_name(name),
+        ?\s,
+        add_column_type(type, opts),
+        column_options(type, opts)
+      ]
     end
 
     defp column_change(table, {:add_if_not_exists, name, %Reference{} = ref, opts}) do
@@ -1568,7 +1574,7 @@ if Code.ensure_loaded?(Postgrex) do
         "ADD COLUMN IF NOT EXISTS ",
         quote_name(name),
         ?\s,
-        reference_column_type(ref.type, opts),
+        add_reference_column_type(ref.type, opts),
         column_options(ref.type, opts),
         ", ADD ",
         reference_expr(ref, table, name)
@@ -1580,7 +1586,7 @@ if Code.ensure_loaded?(Postgrex) do
         "ADD COLUMN IF NOT EXISTS ",
         quote_name(name),
         ?\s,
-        column_type(type, opts),
+        add_column_type(type, opts),
         column_options(type, opts)
       ]
     end
@@ -1594,11 +1600,11 @@ if Code.ensure_loaded?(Postgrex) do
         quote_name(name),
         " TYPE ",
         reference_column_type(ref.type, opts),
+        collation_expr(collation),
         ", ADD ",
         reference_expr(ref, table, name),
         modify_null(name, opts),
-        modify_default(name, ref.type, opts),
-        collation_expr(collation)
+        modify_default(name, ref.type, opts)
       ]
     end
 
@@ -1611,9 +1617,9 @@ if Code.ensure_loaded?(Postgrex) do
         quote_name(name),
         " TYPE ",
         modify_column_type(type, opts),
+        collation_expr(collation),
         modify_null(name, opts),
         modify_default(name, type, opts),
-        collation_expr(collation),
         modify_identity(name, type, opts)
       ]
     end
@@ -1675,18 +1681,23 @@ if Code.ensure_loaded?(Postgrex) do
     defp column_options(type, opts) do
       default = Keyword.fetch(opts, :default)
       null = Keyword.get(opts, :null)
-      collation = Keyword.fetch(opts, :collation)
 
-      [default_expr(default, type), null_expr(null), collation_expr(collation)]
+      [default_expr(default, type), null_expr(null)]
     end
 
     defp null_expr(false), do: " NOT NULL"
     defp null_expr(true), do: " NULL"
     defp null_expr(_), do: []
 
-    defp collation_expr({:ok, collation_name}), do: " COLLATE \"#{collation_name}\""
+    defp collation_expr({:ok, name}), do: [" COLLATE ", quote_collation_name(name)]
     defp collation_expr(_), do: []
 
+    defp quote_collation_name(name) when is_atom(name),
+      do: quote_collation_name(Atom.to_string(name))
+
+    defp quote_collation_name(name) when is_binary(name),
+      do: [?", String.replace(name, "\"", "\"\""), ?"]
+
     defp new_constraint_expr(%Constraint{check: check} = constraint) when is_binary(check) do
       [
         "CONSTRAINT ",
@@ -1815,18 +1826,28 @@ if Code.ensure_loaded?(Postgrex) do
     defp options_expr(options),
       do: [?\s, options]
 
-    defp column_type(type, opts) do
+    defp add_column_type(type, opts) do
+      column_type(type, opts, collation_expr(Keyword.fetch(opts, :collation)))
+    end
+
+    defp add_reference_column_type(type, opts) when type in [:serial, :bigserial, :identity] do
+      [reference_column_type(type, opts), collation_expr(Keyword.fetch(opts, :collation))]
+    end
+
+    defp add_reference_column_type(type, opts), do: add_column_type(type, opts)
+
+    defp column_type(type, opts, collation \\ []) do
       type_name = column_type_name(type, opts)
 
       case Keyword.get(opts, :generated) do
         nil when type == :identity ->
-          [type_name, identity_generated_expr(opts)]
+          [type_name, collation, identity_generated_expr(opts)]
 
         nil ->
-          type_name
+          [type_name, collation]
 
         expr when is_binary(expr) ->
-          [type_name, " GENERATED ", expr]
+          [type_name, collation, " GENERATED ", expr]
 
         other ->
           raise ArgumentError,
diff --git a/lib/ecto/migration.ex b/lib/ecto/migration.ex
index 50a440c9..18c0e777 100644
--- a/lib/ecto/migration.ex
+++ b/lib/ecto/migration.ex
@@ -1450,7 +1450,9 @@ defmodule Ecto.Migration do
       specified.
     * `:scale` - the scale of a numeric type. Defaults to `0`.
     * `:comment` - adds a comment to the modified column.
-    * `:collation` - the collation of the text type.
+    * `:collation` - the collation of the text type. PostgreSQL resets the
+      collation to the type's default when modifying a column without this option,
+      even if the type is unchanged. Specify the current collation to preserve it.
   """
   def modify(column, type, opts \\ []) when is_atom(column) and is_list(opts) do
     validate_column_opts!(opts, @modify_column_opts, "modify/3")
diff --git a/test/ecto/adapters/postgres_test.exs b/test/ecto/adapters/postgres_test.exs
index f3577fc7..deb551f9 100644
--- a/test/ecto/adapters/postgres_test.exs
+++ b/test/ecto/adapters/postgres_test.exs
@@ -2799,6 +2799,75 @@ defmodule Ecto.Adapters.PostgresTest do
            ]
   end
 
+  test "alter column collation stays with the type when modifying null or default" do
+    assert execute_ddl(
+             {:alter, table(:posts), [{:modify, :name, :text, collation: "C", null: false}]}
+           ) ==
+             [
+               ~s|ALTER TABLE "posts" ALTER COLUMN "name" TYPE text COLLATE "C", ALTER COLUMN "name" SET NOT NULL|
+             ]
+
+    assert execute_ddl(
+             {:alter, table(:posts), [{:modify, :name, :text, collation: "C", default: "x"}]}
+           ) ==
+             [
+               ~s|ALTER TABLE "posts" ALTER COLUMN "name" TYPE text COLLATE "C", ALTER COLUMN "name" SET DEFAULT 'x'|
+             ]
+
+    assert execute_ddl(
+             {:alter, table(:posts),
+              [
+                {:modify, :name, %Reference{table: :names, type: :text},
+                 collation: "C", null: false, default: "x"}
+              ]}
+           ) ==
+             [
+               ~s|ALTER TABLE "posts" ALTER COLUMN "name" TYPE text COLLATE "C", ADD CONSTRAINT "posts_name_fkey" FOREIGN KEY ("name") REFERENCES "names"("id"), ALTER COLUMN "name" SET NOT NULL, ALTER COLUMN "name" SET DEFAULT 'x'|
+             ]
+  end
+
+  test "column collation precedes defaults and constraints when adding columns" do
+    opts = [collation: "C", default: "x", null: false]
+
+    assert execute_ddl({:create, table(:posts), [{:add, :name, :text, opts}]}) == [
+             ~s|CREATE TABLE "posts" ("name" text COLLATE "C" DEFAULT 'x' NOT NULL)|
+           ]
+
+    assert execute_ddl({:alter, table(:posts), [{:add, :name, :text, opts}]}) == [
+             ~s|ALTER TABLE "posts" ADD COLUMN "name" text COLLATE "C" DEFAULT 'x' NOT NULL|
+           ]
+
+    assert execute_ddl({:alter, table(:posts), [{:add_if_not_exists, :name, :text, opts}]}) == [
+             ~s|ALTER TABLE "posts" ADD COLUMN IF NOT EXISTS "name" text COLLATE "C" DEFAULT 'x' NOT NULL|
+           ]
+
+    assert execute_ddl(
+             {:alter, table(:posts),
+              [{:add, :name, %Reference{table: :names, type: :text}, opts}]}
+           ) ==
+             [
+               ~s|ALTER TABLE "posts" ADD COLUMN "name" text COLLATE "C" DEFAULT 'x' NOT NULL, ADD CONSTRAINT "posts_name_fkey" FOREIGN KEY ("name") REFERENCES "names"("id")|
+             ]
+
+    assert execute_ddl(
+             {:alter, table(:posts),
+              [{:add, :computed, :text, collation: "C", generated: "ALWAYS AS (name) STORED"}]}
+           ) ==
+             [
+               ~s|ALTER TABLE "posts" ADD COLUMN "computed" text COLLATE "C" GENERATED ALWAYS AS (name) STORED|
+             ]
+  end
+
+  test "collation strings are quoted as single identifiers" do
+    assert execute_ddl({:alter, table(:posts), [{:modify, :name, :text, collation: "odd\"name"}]}) ==
+             [~s|ALTER TABLE "posts" ALTER COLUMN "name" TYPE text COLLATE "odd""name"|]
+
+    assert execute_ddl(
+             {:alter, table(:posts), [{:add, :name, :text, collation: "name.with.dot"}]}
+           ) ==
+             [~s|ALTER TABLE "posts" ADD COLUMN "name" text COLLATE "name.with.dot"|]
+  end
+
   test "alter table with comments on table and columns" do
     alter =
       {:alter, table(:posts, comment: "table comment"),