Financial aid columbia
The Columbian Financial Aid Office goal is to enhance the awareness of Financial Aid opportunities and to guarantee the availability of financial aid programmes to the students in perceiving their educational goals. Columbia University understands the students need of paying for college. Columbia University offers various Financial Aids to lower- and middle-income students as per the university rules and regulations. Undergraduates of Columbia University with yearly family income of $60,000 are not required to pay for tuition, room and board, and other fees. Columbia also expands the financial aid amount to the families earning $60,000 to $100,000.This step encouraged the many of the low income students to take a step towards higher education.
The recent developments by the Columbia University:
* Columbia is need-blind for US Citizens & Permanent Residents. Many of the Canada citizens and Mexico citizens granted with the immigrant visas by the US.
* Financial Aid at Columbia is granted on the basis of student need irrespective of academic, athletic talent.
* Columbia University meets complete financial needs of all the admitted students including foreign students also.
* Every year Columbia University enrolls huge number of foreign admissions to apply and receive a considerable amount of Financial Aid.
* Columbia University admits the students, irrespective of their financial need.
* Columbia University has recently started $4 billion fundraising campaign for Financial Aid.
The below are the various financial aid programmes offered by the Columbia University:
* Tuition Pay Payment Plan
It allows the students and their families in paying tuition and fees billed by the Columbia University, administered by Sallie Mae. It is not a loan and requires a one-time annual application fee does apply. You can know the detailed tuition Pay Payment Plan details through: http://www.columbia.edu/cu/sfs/docs/billing/payment-options.html#N100FB
* Student Loans
As per the Columbia university eligibility, the students are having the option of select Federal Stafford Loan Program. You can find more details from this website: http://www.columbia.edu/cu/sfs/docs/Ugrad_Fin_Aid/Federal/Stafford.html.
* Parent Loans: Federal Parent Loans for Undergraduate Students (PLUS)
Federal Parent Loans for Undergraduate Students (PLUS) are credit-based loan with 9.0% interest rates. Repayment of the loan begins after the sixty days of loan disbursement.
* Canadian Provincial Loans
The citizens of Canada are not eligible for Parent Loans for Undergraduate Students (PLUS) or Stafford Loans. Canadian students can borrow Provincial Loans with the help of provincial government.
* Private Educational Loans
These are offered by private educational institutions.
* Loan Request Form for Stafford, PLUS & Private Loan borrowers
Before seeking the loans, the students and parents are required to fill the Loan Request Form for Stafford, PLUS & Private Loan borrowers.
Recently Columbia University announced some Financial Aid enhancemnets to the coluimbia undergraduate students from the low and middle income families for the 2008-2009 academic years:
* Columbia reduces the student financial aid repayment, irrespective of their family income with replacement of University grants.
* Assisting the financially weak students (Having annual income of $60,000) in paying their tuition, room, board, and mandatory fees.
* Families with annual income of $60,000 and $100,000 are allowed to reduce the parent contribution.
* No Loan Policy
* Work expectation exception enable students to pursue co-curricular, research, internship and study abroad opportunities.
* Columbias Long-Standing Commitment to Diversity