I'll say it once, and I'll say it again: GS is the means in which Columbia University found to keep non-traditional students from applying to Columbia College - either as students or transfer students - and to avoid paying for need-based financial aid.
Here's the issue: 48% of people who apply for GS are accepted (this is SOME ivy league, eh?) The scholarship GS gives is "merit-based" - which means, they give you as much as they think you are worth. You could've been HS Valedictorian and get, oh say, 30% off a $40k tuition - you're screwed anyway. If you don't think that's true, lol, FIND ONE PERSON who is going to GS on a full-ride. If a person is going to GS on a full-ride, that person has enough social prestige (meaning, we're talking about a famous actress, politician, or an artist of world renown).
So, here's the bottom line: Ivy League schools are TOUGH to get in, because once you do get in, they take care of you no matter how much you earn. Typically, if you earn enough you won't worry about paying for tuition. If you don't, you get financial aid that covers most of your costs.
GS is a different story! When accepting 48% of applicants, what GS says is: "You don't have to be as good as applicants who get into real Ivy leagues, i.e. Columbia College. All you need to have is money, and we'll wave the harsh requirement that makes the elite, well, elite!"
So if you apply for GS and you get in, don't ***** about not having money or not enough financial aid. Get into Columbia College instead, or into Yale... or any other Ivy that treats non-traditional and traditional students alike. Be ready though - unlike GS, they want the best - not the only ones who can pay for their education.
Oh, by the way - don't feed me the BS that "GS is geared towards non-traditional students". There is no regulation that says non-traditional students can't apply for a regular undergraduate program. If you're a non-traditional student and an University tells you that they strongly suggest that you apply for a specific program, what they are telling you in turn is that they DON'T WANT YOU TO APPLY FOR THE TRADITIONAL PROGRAM.
With that said... enjoy your GS "Ivy League"