by our College Data Analytics TeamMany students attending Columbia University in the City of New York can expect to receive financial assistance in various forms, such as scholarships, grants, loans, and work-study programs, making the cost of attendance more manageable.
However, some types of financial aid are definitely more desireable than others, and some students will receive more aid than others.Find out more by scrolling down the page.
$57,642.00 is the typical Columbia University in the City of New York’s first year financial aid package. A significant 58% of freshmen benefit from financial aid, with the main type being grants and scholarships.
A financial aid package includes loans, grants, and scholarships. However, student loans have to be paid back, so they aren’t a true discount.
Student debt should be thought of as an “outcome” rather than “aid”. Read more about student loan debt at Columbia University in the City of New York.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The numbers below apply to scholarships and grants primarily provided by Columbia University in the City of New York.
53% of new students (759 total) were offered scholarships at Columbia University in the City of New York, averaging $55,773.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 20% of freshman students (280 total) obtained federal grant aid, averaging $6,649.00 a piece.
Amount of Financial Assistance Per Income Level
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 4.81% | $69,877.00 |
| Income 30k-48k | 6.42% | $75,051.00 |
| Income 48k-75k | 6.00% | $71,644.00 |
| Income 75k-110k | 4.04% | $62,834.00 |
| Income 110k + | 11.44% | $35,312.00 |
The table above shows students who are receiving Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more.
58% of the 1434 undergraduates at Columbia University in the City of New York receive some sort of grant aid. This is a total of about 774 students getting an average of $57,642.00 per person.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.