by our College Data Analytics TeamRather than paying the full sticker price for a college education, most students receive a financial aid package that eases the burden with scholarships, grants, loans, and work-study options, while the amount and type of aid may vary among students.
Discover the financial aid possibilities at Columbia and learn what assistance you might qualify for by continuing to read.
Columbia University in the City of New York average financial aid offer for freshmen students is $57,642.00. A significant 58% of freshmen benefit from financial aid, with the main type being grants and scholarships.
Loans are included in the umbrella of ‘financial aid’, even so, the only true discount from the cost of college is a grant or scholarship that you don’t have to pay back.
Concerned about the loans that may be included in your financial aid package? See the average amount of debt per student at Columbia University in the City of New York.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The next numbers refer to grants and scholarships mainly supplied by the college itself.
53% of incoming freshmen (759 total) were given scholarships at Columbia University in the City of New York, averaging $55,773.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 20% of first-year students (280 total) got a federal grant, for about $6,649.00 per person.
The table shows scholarship and grant allocations by income for first-year students receiving any type of federal Title IV assistance, including Federal PLUS loans.
| 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 undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
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.
