Have questions about billing and payments, work study, or student loans? Our financial aid staff compiled a list of commonly-asked questions and answers to help alleviate some of these concerns.

Student Loan Questions:

I was only awarded the Direct Unsubsidized Loan for $20,500 but I need more funding. What are my options?
When you submit the FAFSA, we can package you with the Direct Unsubsidized Loan because it does not require a credit check or additional application. For graduate students, the annual cap for the Unsubsidized Loan is $20,500,  however, you can also apply for a Graduate PLUS loan.  If you have already received your award notification, please see the Messages tab of NetPartner (https://studentviewer.finaid.columbia.edu).  Beneath the section labeled “Unmet Financial Need,” you will find the application and you will see your remaining amount of need which is the maximum you can borrow in a Graduate PLUS or similar private loan.

When do I need to apply for loans/complete entrance counseling/sign the promissory notes?
We recommend you have your aid in place no later than early August. Please log in to NetPartner and be sure to accept your awards on the Accept Awards tab and review the Messages and Documents tabs for any outstanding materials.

When and how will the loan be disbursed?
Loans are divided evenly between the terms you are enrolled and disbursed to your Columbia student account at the beginning of each semester.

If I borrowed loans to cover living expenses, how and when will that money be refunded to me?
We strongly encourage you to set up direct deposit (see http://sfs.columbia.edu/billing/payments-to-students#how_to_enroll for instructions).  Any amount you borrowed in excess of the tuition and fees for the semester will be issued as a refund to you by the second week of classes after the loan has disbursed to your student bill and after you have registered for classes (assuming you have also completed all the necessary steps on NetPartner).

Can international students borrow student loans?
There are private lenders who make loans available to international students, but most require a US citizen to co-sign. Go to http://sfs.columbia.edu/financial-aid/private-loans#suggested_lenders for more information. We have learned of two lenders who will make loans to international students without a co-signer requirement:  mpowerfinancing.com and www.prodigyfinance.com.

Work Study Questions:

Do I have to accept Federal Work Study? How does it work? Will it be paid towards the bill? How do I find a job?  Should I wait until I know my class schedule to look for a job?
If you were eligible for work study, it was included in your financial aid notification. You are not required to accept it. You will need to find an eligible position and then the money will be paid out to you like a regular salary subject to taxes (it is not applied to your bill). We recommend you start searching for positions and then you can work out the specific schedule after you are hired. More info including how to search for positions is at: http://sfs.columbia.edu/content/work-study-overview.

Billing & Payment Questions:

Please note the SIPA Financial Aid Office does not charge tuition or collect payment. The office responsible for these procedures is the Student Financial Services Office. More info is: http://sfs.columbia.edu/billing-basics.  

When will I receive my first bill?
The fall statement will be issued August 14 and due September 15. The full schedule is here.

What happens with the admission deposit I paid?
It will be applied towards the charges for the first semester you are enrolled and you will see the credit on SSOL when you review your student account.

Is there a payment plan?
Yes, for the fall and spring terms (it is not available for the summer).

Can I wire money from a foreign bank to pay my bill?
Yes, please see http://sfs.columbia.edu/content/pay-wire.

Can I waive the health insurance and health services fee?
Domestic full-time students can waive the insurance if they have alternate coverage that meets the criteria. The waiver for the fall term will not be available until July 15 and will be due September 30.  Students cannot waive the health services fee.

If I’m living in Columbia housing, will my rent be on the bill?
Most students in University housing will need to pay their rent separately.

My employer/sponsor is going to pay my bill and needs to receive an invoice from Columbia.  What do I do?   
You will need to set up third party billing.  Please also email our office with a copy of your sponsorship letter.

I’m receiving an external scholarship.  Do I notify you?  Where can they send the payment?
Please email our office the details. They can mail the check to:

Student Financial Services
210 Kent Hall
Attn: Cashiers office
1140 Amsterdam Avenue
New York, NY 10027

Other Helpful Resources at Columbia University:

Info for International Students: https://isso.columbia.edu/

Office of Military and Veterans Affairs: http://sfs.columbia.edu/departments/veterans-service