In addition to these frequently asked questions, we encourage you to explore our website to learn more about our financial aid policies and how you can apply for aid. We are here to work with you and your family in developing a plan to pay for college at Columbia University. Students and parents may review available financing options. Financial Aid Officers are also here to answer any questions prospective, newly admitted, or current students/parents may have.
Frequently Asked Questions
Please input your best estimates on the calculator, according to your percentage of ownership; we will refer to the most recently completed tax documentation at the time of application (Federal 1040 Schedule C and/or Schedule E; Federal 1120 or 1120-S Corporate Tax Returns; 1165 Partnership Tax Returns; K-1s) to confirm actual business income and value.
If your family will have more than one student enrolled in college (for the year in which you will enroll), our calculator assumes that the additional student will be enrolled in a four-year private undergraduate college/university. For siblings enrolled in other types of undergraduate institutions (four-year public, two-year/community college, etc.), Columbia will adjust the Parent Contribution accordingly. Columbia does not include graduate sibling's expenses in our need-based evaluation.
Yes, Columbia is committed to meeting 100% of the demonstrated financial need of all students admitted as first-years or transfer students pursuing their first degree, regardless of citizenship status.
For admissions purposes, undocumented students are considered international and their applications are evaluated in a need-aware manner. This means that the admissions committee takes into consideration how much financial aid a student requires when rendering an admissions decision. Columbia admits a large number of international students, many of whom receive a substantial amount of financial aid.
Undocumented students are not eligible to receive federal and state financial aid, so we meet their need entirely from Columbia funding.
Columbia is committed to meeting 100% of the demonstrated financial need of all students admitted as first-years or transfer students pursuing their first degree, regardless of citizenship status. Undocumented students, including those with DACA status, are not eligible to receive federal and state financial aid, so Columbia meets their need entirely from institutional resources.
Undocumented students should not file the FAFSA, whether or not they hold DACA (Deferred Action for Childhood Arrivals) status. Undocumented students should submit the CSS Profile as well as prior year federal tax returns and W-2s via IDOC. If applicable, the CSS Non-Custodial Profile and/or Business/Farm tax forms should also be submitted.
Columbia is committed to meeting 100% of the demonstrated financial need of all students admitted as first-years or transfer students pursuing their first degree, regardless of citizenship status. Undocumented students, regardless of DACA status, are not eligible to receive federal and state financial aid, so we meet their need entirely from Columbia funding.
All undocumented students, including those with DACA status, are considered as foreign citizens and their financial aid is funded entirely from institutional grants and not federal funding. Thus, a student's DACA status (or change in such) would have no impact on existing financial aid.
Columbia is committed to meeting 100% of the demonstrated financial need of all students admitted as first-years or transfer students pursuing their first degree, regardless of citizenship status.
You will be unable to use the IRS Data Retrieval Tool if you have indicated that you have not yet filed or will not file a 2016 tax return; if you filed electronically within the last 3 weeks or through the mail within the last 11 weeks; if you filed a foreign or Puerto Rican tax return; if you filed a tax return using an Individual Tax Identification Number (ITIN); or if you indicated on the FAFSA that you are married but filed separately from your spouse (Married, Filing Separately; or Head of Household).
You may still be eligible to receive a PLUS loan. To become eligible you must either:
· Obtain an endorser.
· Document extenuating circumstances to the satisfaction of the U.S. Department of Education.
· In either situation, you will need to complete PLUS Credit Counseling, prior to becoming eligible for the PLUS loan.
Please review the Adverse Credit Conditions considered by the Department of Education on their FAQ page.
Your parent will not be able to borrow a Federal Parent PLUS loan without a Social Security Number; please contact our office for additional financing options.
If the student receives a need-based offer with a different interpretation of the family’s financial circumstances, please fax us a copy of the offer, along with any additional pertinent information. Our office will review your request for reconsideration to determine if a change is appropriate. Please note that we will not review any merit-based awards.
Additional information you would like us to review with your application can be reported in the Explanations section of the CSS Profile. You can also contact us at email@example.com with an explanation of your individual circumstances. A financial aid officer will review the information and reach out to you with any needed follow-up.
There is no minimum GPA requirement to qualify for financial aid. However, the student must be maintaining satisfactory academic progress towards a Columbia degree and enrolled full-time.
The application tracking tool is available during specific windows of time for each application cycle. The following site contains the link to the tracking page, as well as the dates when it is available:
Forms and documents will not appear immediately following submission on the Online Financial Aid System; please allow for processing time of at least 3-5 business days (and 5-8 business days for documents submitted to IDOC).
Your financial aid award is separate from your bill. The financial aid budget includes billed items (such as tuition & fees, housing and meal plan) and unbilled items (such as books, and personal expenses), which will not appear on the bill. Your Estimated Family Contribution (Parent Contribution plus Student Contribution) will not match your bill dollar for dollar.
Additional information about the E-Billing process is sent students during the summer. The Fall semester E-Bill will be sent to students and authorized payers in mid-August and is due in early September.
For an estimate of what your bill will look like, please utilize our Bill Estimator Tool (available in July).
Early Decision is a binding process where students commit to attend Columbia should they be admitted. Students applying through the Early Decision process ought to be confident that Columbia is their desired school of choice. If the student and family feel that financial aid will be a significant factor in whether or not the student can attend, we strongly recommend the family researches the financial aid process prior to applying, and consider applying Regular Decision in order to preserve the option of comparing financial aid decisions from multiple schools.
Please use the Net Price Calculator at Columbia and other preferred schools to estimate your financial aid eligibility, and speak with a financial aid officer to discuss any questions you may have.
Some students and families choose to finance a portion of their Parent Contribution (PC) or Student Contribution (SC) with education loans. Information on different financing options is available on the Education Loans portion of our website.
International students may seek private lenders for available education loans. Some lenders may require a U.S. co-signer. Columbia offers a suggested lender list online, but students may choose a lender not on that list as well.
Students may view their bill online through their SSOL account.
Yes, students may borrow up to the full cost of attendance. This includes both billed and non-billed expenses. All loans will first disburse to the student account. Once all charges are paid, any excess loan funds will be refunded to the student via direct deposit or paper check.