Policy on Outside Funding
Many Columbia students receive funding from outside organizations. Outside funding may be used to reduce the $3,090 Work-Study Expectation and/or cover the cost of purchasing a computer (up to $1,500). Outside funding in excess of these amounts will be used to replace the Columbia Grant dollar for dollar; outside funding may not be used to reduce the Parent Contribution.
Policy on Health Insurance
Columbia requires all students to have health insurance, either through a parent or another plan. If a matched student is not adequately covered by a parental plan while in New York (or abroad), the Columbia grant will be increased to pay for the $4,995 Columbia student health insurance.
Policy on Travel Costs
Travel costs are estimated by Columbia based on the student's primary residence. The Columbia grant will be increased to account for this expense. Travel is accounted for as an expense in the overall cost of attendance; however, is not paid for by Columbia. All travel costs will be paid out of pocket by the family, as part of the Student Responsibility.
Policy on Student Contribution
The Federal Work-Study/Student Employment expectation will increase approximately $300-$500 per year. There will also be an expected Student Contribution from summer earnings, starting at $2,990 in sophomore year.
Personal expenses and books are generally expected to be covered by the Federal Work-Study/Student Employment earnings (paid bi-weekly, directly to the student).
The Student Contribution from summer earnings is based on a standard amount Columbia expects students to earn for their college expenses by working throughout the preceding summer. This expectation is waived for incoming first-year students with a $0 Parent Contribution, but in subsequent years, students should plan to have this amount available to assist with the bill and/or miscellaneous costs once they arrive on campus. It may also include a portion from student assets.
Most QuestBridge applicants have no additional amount expected from student assets; assets more than $10,000 that are specifically in the student’s name may increase the amount a student is expected to contribute. Additionally, a Work-Study Expectation reflects the amount students are expected to earn during the academic year.
Requirements Associated with Maintaining this Award
Columbia offers need-based financial aid. There are no academic requirements for maintaining need-based eligibility in the National College Match. PLEASE NOTE: Columbia will re-evaluate each student's eligibility for financial aid each year; Students who match with Columbia will need to submit updated financial information, and financial aid awards will reflect any changes in financial circumstances.
Columbia University’s Financial Aid Overview
Columbia University's mission is to help all students admitted to Columbia College and The Fu Foundation School of Engineering and Applied Science, regardless of individual financial circumstances, achieve their goal of pursuing a world class education at Columbia University. Columbia is there to assist you with your plan to pay for college.
Columbia's expert staff of advisors can help your family with the financial aid application process, developing a student budget, and creating a financing plan for your time at Columbia.
Columbia determines financial aid eligibility by evaluating your family's ability to pay for education costs.
No Loans: Columbia's need-based aid is in the form of grants and student work only. Loans are not used to meet financial need or included in initial financial aid awards.
$0 Parent Contribution: For students coming from families with calculated total incomes of less than $66,000 annually (and typical assets), parents are not expected to contribute to the cost of attendance.
Because Columbia's financial aid program is need based, they determine financial aid eligibility by evaluating each family’s ability to pay for education costs. Their office conducts a thorough review of each applicant’s financial information every year, and takes many factors into consideration during their analysis.
The Parent Contribution is the amount the parents are expected to pay towards educational costs for the academic year. It is based on Columbia's review of the information provided in the financial aid application; several variables are considered: total income, assets, household size/expenses, number of undergraduates in college and special circumstances.
Columbia offers enhanced financial aid to support students pursuing enrichment activities and programs, including study abroad during the academic year. They also offer additional funding via the Work Exemption Program to allow students to pursue unpaid research, internship, and community service opportunities.
