How generous is Columbia with financial aid?

Colleges & Universities Columbia University
1

<p>Any information will help because I am still deciding whether I should apply or not to this college. </p>

<p>Is it like NYU? cause I know NYU is really stingy with fin. aid so that is why I’m not going to bother applying.</p>

<p>My parents make an average of 20k a year so that is why I am asking. </p>

<p>Thanks!</p>

2

<p>If your parents make 20k/year you will get a full ride at Columbia 100%.
Columbia is need-blind meaning that they are much much more generous with financial aid than NYU, on par with the rest of the Ivies except Harvard and Princeton which automaticlaly gives full ride to any students making less than 60k</p>

3

<p>Yeah, Yale is $45,000 and under.</p>

4

<p>What if your income is low (enough to qualify for reduced fee lunch) but you have a lotttt of assets (like let’s say, more than a mill)</p>

<p>Is there any chance of fin aid then?..</p>

5

<p>No, I would say not.</p>

6

<p>Your primary residence doesn’t count as an asset so if your house (the one you live in) is worth a couple of hundred thou - a million it won’t count against you. However, any other property besides that will be counted.</p>

7

<p>

</p>

<p>fafsa asks for a bunch of things, stocks and whatnot are counted im pretty sure. property is not tho as azn said.</p>

<p>

</p>

<p>“At the outset of the fundraising campaign, President Bollinger announced that Columbia would enhance financial aid by eliminating the debt burden on students whose families earn less than $50,000 per year while attending Columbia College and the Fu Foundation School of Engineering and Applied Science-replacing loans with grants for these undergraduates beginning in the 2007-2008 academic year.”
From: [John</a> Kluge](<a href=“Columbia News”>Columbia News)</p>

8

<p>Sorry if this is a common sense question but what exactly do they mean by grants? Are they merit based or strictly based on financial status?</p>

9

<p>^grants are financial need based awards which don’t need to be paid back.</p>

10

<p>By assets I meant property we own other than our home.</p>

<p>And this sucks, I’m probably not going to be attending even if I do get accepted :/</p>