Columbia Financial Aid and Educational Financing

Facts and Figures

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2014-2015 Costs

  • Total Cost of Attendance: $66,604
    • Tuition and Fees: $51,008
    • Room and Board: $12,432
    • Books and Personal: $3,164
  • These figures are the basis for determining financial aid eligibility, although individual student expenses may vary.
  • First-year and incoming transfer/combined plan students are also charged one-time transcript and orientation fees totaling $521.

Grants

  • Columbia awards more than $122 million annually in scholarships and grants from all sources.
  • 50% of Columbia students receive grants from Columbia and the average amount awarded is $42,238.
  • 16% of Columbia’s undergraduates receive the Pell Grant, a Federal Grant reserved for the students with the highest need in the country. 
  • John Kluge’s recent gift of $400 million for Columbia’s financial aid programs is the single largest gift made to any university financial aid program.

Loans

  • Students are expected to borrow $0 to attend Columbia.

Work-Study

  • Students who receive work-study are able to earn wages during their academic year to help offset their expenses by working an average of 10 hours a week in an on-campus job.

Income

  • The median income of families receiving Columbia Grant is $98,814, but many families who earn as much as $200,000 a year can qualify for financial aid.
  • Parents with calculated incomes below $60,000 a year and typical assets are expected to contribute $0 towards their children’s Columbia education. Please read our Press Release and related Frequently Asked Questions to learn more about our enhanced need-based financial aid policies.
  • Parents with calculated incomes between $60,000 and $100,000 and typical assets have substantially lowered contribution requirements.
  • Parents earning over $100,000 can still qualify for significant financial aid from Columbia.