$6,079

Avg. Federal Grant

$4,969

Avg. Federal Loan

$205,252,044

Total Aid Awarded

Columbia University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

60%

Total Aid Amount Average Total Aid Awarded per year.

$205.252M

Financial Aid Official Website

sfs.columbia.edu

Such schemes include Aid to Native Americans, Albert E. Wischmeyer Memorial Scholarship, Aura E. Severinghaus Award, and Carnegie Dartlet $10,000 Scholarship. It is interesting to note that, every year, around 59% of students at CUCNY receive some kind of financial aid, while the total amount of assistance/loans provided is $19,402,672. For additional information about financial assistance schemes, one can head over to CUCNY’s financial aid page at http://sfs.columbia.edu. At CUCNY, the total percentage of applicants who receive the Federal Grant stands at 18%. On the other hand, 53% of the candidates get the Student Grant, 52% receive the Institution Grant, and 18% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $7,057, and the same stands at $3,856 for State Grant awardees and $52,969 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,914. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Those with a family income below $30,000 per annum, would get an average federal aid of $61,055 in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $65,376 and $64,324, respectively. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $54,509. And, for those with a family income of more than $110,000, the amount stands at $29,060. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Columbia University in the City of New York, the percentage of candidates who opt to avail of student loans is around 10%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

17%

State Grant Aid

7%

Institution Grant Aid

51%

Pell Grant

17%

Average Aid Awarded

Federal Grant Aid

$6,079

State Grant Aid

$3,697

Institution Grant Aid

$51,996

Pell Grant

$5,394

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$64,190

$30,001 - $48,000

$71,026

$48,001 - $75,000

$67,571

$75,001 - $110,000

$60,014

Over $110,000

$33,433

Student Loans for Columbia University

Average Loan Amount Average Loan Amount received per year.

$9,845/Year

Students Taking Out Loans

11%

Loan Default Rate

1.8%

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