Student Loans for Columbia University Students
Columbia University has a very robust financial budget for students with financial need. Except for international students, all applicants are considered for admissions on a need-blind basis, meaning that financial need is not a factor when the Admissions office considers a student’s application. Students applying for Columbia University financial aid are required to file both the Free Application for Federal Student Aid, also known as the FAFSA, as well as the CSS/PROFILE.
These forms allow the Columbia University financial aid office to determine a student’s eligibility for need-based financial aid. Columbia University does not offer merit or athletics based financial aid, which is the case for most Ivy League schools.
Applying for Columbia University Financial Aid is a relatively simple process, and is no different than applying for aid at any private institution. At the beginning of the process, you should speak to the Columbia University Financial Aid office about any grants and/or scholarships you might be eligible for, and whether you may need loans to cover the cost of attending Columbia. After that, file the Free Application for Federal Student Aid (FAFSA) and the CSS/PROFILE forms, which will be used to determine your financial need and ultimately your aid package. Once you submit these forms, your application process will be complete, and you will receive a financial aid package some time thereafter.
Columbia University Aid Packages
Financial aid from Columbia University can take several forms, but most Columbia University Financial aid comes in the form of a university grant. These grants are ‘free money’ awards, and they do not need to be repaid at any point, which makes them quite popular forms of aid among students. Columbia University expects students receiving financial aid to take some responsibility for financing their own education; as such, students are expected to work for a few hours a week to make their own contribution. Students are also encouraged to seek outside fellowships and private sources of funding if they need more money in addition to what they received from their Columbia University Financial Aid Package. Federal student loans should be pursued after all grant and scholarship options are exhausted, and private student loans should only be used as a last resort. To find, compare, and apply for private student loans for Columbia, just use our Student Loan Comparison Tool above.
Columbia University offers many types of financial assistance to its students, but the most noteworthy is Columbia University’s ‘free money’ program. With this program, the university offers scholarships to students. These scholarships are free money and do not need to be repaid, which makes a student’s financial life much easier–especially after college. However, the University encourages a sense of responsibility among its students by requiring them to finance part of their courses with a few hours work in the university.
Paying for Columbia
|Total Avg. Cost||$56,681|
|Room & Board||$10,228|
Financial Aid Information
|Students Receiving Fin Aid||57%|
|Typical Grant Amounts|
|% Receiving Loans||17%|
|Avg. Other Stud. Loans||$21,703|
|% Receiving Other Loans||3%|
Get into Columbia University
Contact Columbia University in the City of New York
*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics
New York Schools