On financial aid, the JJWBGSP Scholarship, and student loan scams

To our Fall 2019 MIA, MPA and MPA-DP applicants: Thank you for your patience as the Admissions Committee reads your applications. Decisions will be released in mid-March (so, soon!), and you’ll receive an email telling you to check your Status Page.

We’ve already been receiving some questions about financial aid and wanted to give a few updates about that:

First, we’ll have a number of admitted students events, online and in-person, that will fully cover financial aid options at SIPA. A reminder that your financial aid information is confidential, and often the best way to get personal information tailored to you is by contacting our Office of Financial Aid at sipa_finaid@columbia.edu.

Second is a scholarship reminder: In case you didn’t mark your calendars last time we posted about it, the 2019 Joint Japan/World Bank Graduate Scholarship Program application opens tomorrow, March 7th, and closes on April 11, 2019. Find the full information for the JJWBGSP Scholarship on their website.

Finally, if you have a phone number, there’s a good chance that you have recently received numerous calls from someone telling you that your student loans are eligible for reduced monthly payments and/or forgiveness. There are a number of ways that student loan borrowers may be able to reduce monthly payments and/or qualify for partial forgiveness of their loan, but please be aware that these phone calls are all scams.

An article in the morning Metro describes an example; a borrower learns about repayment options that provide some relief, but doesn’t realize that the $50 monthly fee she’s being charged to sign up and remain in that option is completely unnecessary. Student loan borrowers have many options for repayment, and thanks to the Public Service Loan Forgiveness (PSLF) Program, many can get part of their loans forgiven, but all of this can be arranged by working with their loan servicer – completely free of charge. The monthly payments themselves might be a big enough financial obligation; don’t add an extra fee for services that shouldn’t cost anything.

Again, any SIPA students with questions about student loan repayment can always meet with or contact (sipa_finaid@columbia.edu) a member of the Financial Aid Office staff for guidance; we also have information on repayment and PSLF here. We know that student loans can cause stress, but take the time to get all the facts.