Loans & Paperwork

Even though the recent Columbia financial aid enhancements have eliminated student loans from the initial financial aid award, students may still choose to finance their education through a combination of options:

Here are some financing options which our families can choose from to make their payments to the University.

Student Loans: Federal Direct Subsidized and Unsubsidized Loans

  • Eligible students have the option of borrowing through the Federal Direct Subsidized and Unsubsidized Loan Program; however, we highly recommend that you speak to a financial aid advisor to determine accurate borrowing needs.
  • More information on Federal Direct Subsidized and Unsubsidized Loan
  • Student and Parent Loan Request Form                                                           

Parent Loans: Federal Direct Parent PLUS loan

  • Federal Direct Parent PLUS loans assist eligible parents with payment of college charges.
  • a credit-based loan with reasonable annual interest rates capped at 7.9%.
  • may borrow any amount up to the total cost of attendance less financial aid awarded to the student
  • repayment of interest and principal begins sixty days after the loan is fully disbursed.
  • the student and the parent borrower must be U.S. citizens or nationals, permanent residents, or eligible non-citizens
  • the borrower may not have an adverse credit history.
  • Student and Parent Loan Request Form

If a parent is denied a Federal Direct Parent PLUS loan, then Columbia can authorize additional (unsubsidized) Federal Direct Loan money for a dependent student. Additional amounts are limited to $4,000 for students in the first and second years and $5,000 for students in the third and fourth years.

For more information please visit the Student Financial Services website.

Private Educational Loans:

Canadian Provincial Loans:

  • Canadian citizens are not eligible for Federal Direct Parent PLUS loans or Federal Direct Subsidized and Unsubsidized Loans. Canadian families do have access to Provincial Loans and they should contact their provincial government regarding these loans.