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<p>I don’t know. It entirely depends. BrownParent (who is much more knowledgeable in this area than I) says you can make $6-10,000 for the summer. $10,000 for the summer is about equivalent to $20/hour, 40 hours a week, for 12 weeks. $6,000 for the summer is about $12/hour for 12 weeks.</p>
<p>Assuming that you work 20 hours a week at $15/hour during the school year, and that’s like 30 weeks, that’s like $9,000. And if you get paid at the high end over the summer, that’s roughly $19,000. That’s assuming the top end of the estimate.</p>
<p>That’s not enough to pay for a third semester at Columbia, though. First of all, even if you saved every single penny it wouldn’t be enough (a semester of tuition here is like $20-25,000, and living expenses for one semester is about $10,000).</p>
<p>But your summer stipend is going to have to be at least partially spent on room and board wherever your summer internship is, and you will probably spend most of your internship salary on room and board here in NYC. $15/hour, 20 hours a week is about $1200/month, which isn’t enough to live on in NYC. Even if you made $25/hour, working 20 hours a week will give you $2,000/month, which you could potentially live on if you lived very frugally with some roommates. But this is all before taxes, so take that into account. I’m not sure how taxes work for int’l students.</p>
<p>Still, it might reduce the amount that you have to borrow. If 3 semesters of Columbia tuition is ~$70,000 and you make $20/hour (so $1600/month gross) and are able to borrow only, let’s say, $15,000 in living expenses to supplement your internship income, then you’ve got your costs down to $85,000. Which still may be too much.</p>