Archive for Paying for SIPA – Page 13

International Student Funding: some resources for your search

If you are an international student, you may be faced with some challenges in identifying funding sources available for studying in the US. But each year, approximately half of SIPA’s students are international, and each of them has found their own way to meet the costs associated with furthering their education overseas.

As you are probably aware, SIPA offers a number of scholarships for first year students, and scholarships and assistantships for students in their second year of study. All of these awards are available to international students. All applicants for admission are automatically considered for funding during their first year, and all interested students should apply for second year funding during the application period (typically early in the spring semester). Some international students borrow student loans from private lenders while studying here (loans from the US Government are not available to international students). For more information and a list of lenders that international students at Columbia University have had success with, click here. Please note lenders require international students to have a US citizen or permanent resident as a co-signer.
SIPA’s Financial Aid Office has an extensive database of external funding opportunities; while it is not designed only for international students, it does include many awards available to international students, and that is a criteria by which you can search the database.

We also recommend that students thoroughly investigate all forms of assistance from government or private sources in their own countries. Many international students at SIPA have been supported by their governments, employers or other agencies while studying here. There are also resources available from entities in the United States and elsewhere that may be helpful, and the following websites contain information that may be of use to international students seeking funding (and it’s not too early to start looking now for second year funding opportunities):

http://www.foreignborn.com/study_in_us/8-paying4school.htm

http://www.iefa.org/

http://www.usnews.com/education/blogs/the-scholarship-coach/2012/03/22/an-international-students-guide-to-us-scholarships

http://www.envisageinternational.com/financial-aid

http://www.edupass.org/finaid/

No one likes to talk about it, but it’s important to get accurate tuition information

SIPA, like most schools at Columbia, has its own Financial Aid Office to assist our students.  However, the office responsible for posting charges on student accounts, billing, collecting payments and issuing refunds, is Student Financial Services (SFS), a centralized office serving the entire University.  SIPA’s Financial Aid Office does not send you your tuition bills, collect payments, or the other procedures mentioned above.

The SFS website can be found at http://sfs.columbia.edu/.

Some important information related to your bill and your student account:

  • SFS will send an email to your Columbia email address (your UNI) on or about August 11 with a link to a preliminary bill, which must be paid in full by September 12.  You can see the billing schedule at http://sfs.columbia.edu/files/sfs/content/statement_schedule_2014-2015.pdf.
  • Accounts not paid in full by the due date are subject to late fees, which are assessed monthly.
  • Interest-free monthly payment plans are available (see http://sfs.columbia.edu/billing/ways-to-pay#payment-plan).
  • Financial aid that has been fully processed is credited to your account.  Please respond to all requests for documentation from the Financial Aid Office promptly, as failure to do so will prevent your aid from being credited to your account.
  • The state of New York requires all full-time students to have health insurance.  Your bill will include a charge for health insurance, which can be waived if you have equivalent coverage.  For more information, visit http://www.health.columbia.edu/student-insurance/enroll-waive-student-health-insurance.
  • If your aid in any semester exceeds your tuition and fees, you will receive a refund of that credit balance approximately one to two weeks into the semester.  Please plan your non-tuition expenses (rent, food, transportation, etc) accordingly.
  • You can receive refunds payments for which you qualify by direct deposit (recommended, otherwise you’ll receive them by a hard copy check through the mail); go to Student Services Online (SSOL) at https://ssol.columbia.edu/ to set this up.
  • SFS accepts electronic checks for payment via SSOL, but does not accept credit cards.
  • If your bill is being paid by a sponsor or third party, please see http://sfs.columbia.edu/billing/sponsored-students for important instructions.
  • See SFS’s website for mailing addresses if you are paying by mail.
  • Remember that the federal government deducts fees from loan disbursements, 1.073% for the Direct Unsubsidized Loan, and 4.292% on the Graduate PLUS loan.

PLUS Loan information

Some SIPA students find that they need additional resources beyond the $20,500 annual limit of an Unsubsidized Federal Direct Loan and other aid they have received.  The loan most SIPA students turn to is the Federal Graduate PLUS Loan.  This loan (which is credit-based) can be borrowed up to the full cost of attendance, including living expenses, minus any other loans and aid; please note that like all aid from the US federal government, it is only available to US citizens and permanent residents.

To start an application: Log in to the Net Partner portal at https://studentviewer.finaid.columbia.edu and go to the Messages tab.  There you will see a section labeled “Unmet Financial Need” that includes instructions for the Grad PLUS loan.  Follow the link to the Graduate PLUS Loan Request and Credit Authorization form.  That will bring you to a Google document that will just take a few minutes to complete and submit.  You will receive an approval response in a few days directly from the US Department of Education.

After receiving the approval, log in to www.studentloans.gov to complete the PLUS Master Promissory Note and Entrance Counseling.

Some private lenders offer similar loans.  While their interest rates may be lower, they also don’t include as many repayment benefits or flexibility, including not qualifying for Public Service Loan Forgiveness.  But if you’re only borrowing a small amount, some private loans may fit your needs; click here for some suggestions.

 

Update on the Yellow Ribbon Program

If you are an incoming SIPA student (or a continuing one — unless you are already a SIPA YRP recipient) and are 100% GI Bill eligible, then make sure you don’t throw away the chance to get more funding.   For more information about our Yellow Ribbon Program participation, read the May 28 post.

The Yellow Ribbon scholarship application is now live at https://sipa.columbia.edu/admissions/applying-to-sipa/financial-aid/sipa-columbia-funding.

In order to be considered, you will need to submit a completed application by June 27.  SIPA cannot guarantee funding for every eligible candidate, and funding will be on a first come, first served basis for eligible candidates.

 

Interested in a Columbia University Interschool Fellowships?

Each year, Columbia makes a few scholarships and fellowships available to students from all schools within the University. These awards, known as Interschool Fellowships, are the result of donations from generous supporters of the University and tend to have very specific eligibility criteria. To see if you may meet the eligibility criteria required to apply for these awards, please review them at: http://sfs.columbia.edu/grad-institutional-aid.

If you meet the full criteria for one or more of these Interschool Fellowships, to apply please go to: https://docs.google.com/spreadsheet/viewform?usp=drive_web&formkey=dDZqVzNQQVJvUE5EbF9Pc0JqQWFmT0E6MA#gid=0

Please do not apply for an award for which you do not meet all criteria. Applications that do not meet the full criteria, or applications that are incomplete, will not be accepted. If there is any required documentation indicated for the award/s for which you are applying, please submit that to the SIPA Financial Aid Office by Monday June 16.

As these awards are for Columbia students University-wide, SIPA does not choose the recipients, we can only nominate eligible applicants. Decisions are made by central administration, and those decisions are final. Decisions will be made in mid-August.

Please submit all applications to the SIPA Financial Aid Office no later than the close of business, Monday June 16, so that we can properly review all applications.

"The most global public policy school, where an international community of students and faculty address world challenges."

—Merit E. Janow, Dean, SIPA, Professor of Practice, International and Economic Law and International Affairs

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