Archive for Financial Aid – Page 11

Funding your education at SIPA – part 3

Applying for Financial Aid – Spring 2013 Applicants

Applying for financial aid doesn’t involve too many steps.  If you are applying for Spring 2013 admission, you will need to complete the 2012/13 Free Application for Federal Student Aid, commonly known as the FAFSA.  To do so, go to www.fafsa.gov.  This universal aid application is used at just about every college in the United States and even some in other countries where American students can receive aid.  The information collected on the FAFSA will be used by the SIPA Financial Aid Office to determine your eligibility for student loans available from the federal government and possible work study jobs.

When you complete the FAFSA, you designate the recipient school by using a 6-digit code number specific to the school.  Columbia’s school code is 002707.

If you completed the FAFSA as an undergraduate, you’ll be familiar with the process, although as a graduate student, no parental information is necessary.  All graduate students are automatically considered to be financially independent.  If you have a PIN number that you used as an undergraduate, use the same one.  If have never completed a FAFSA before, you will need a PIN in order to complete the FAFSA; you must go to www.pin.ed.gov, which is linked from www.fafsa.gov.

Do not wait until you have received an admission decision to complete your FAFSA.  While there is no absolute deadline approaching, you should complete the FAFSA as soon as possible; we recommend that you do so by November 1 for a timely review.  Also be aware that this is an annual form, and you will need to complete the 2013/14 FAFSA for the following fall and spring semesters; you should do that after completing your 2012 federal income tax return next April.

And please…especially if you are completing the FAFSA for the first time, it can be confusing.  If you have any questions or need any assistance, contact us at 212-854-6216 or email us at [email protected].

 

Note: Don’t complete a FAFSA if you are an international student; it is only used to determine eligibility for student loans and Work Study available to US citizens, permanent residents and political refugees.

If you are applying for Fall 2013 admission, complete the FAFSA for the 2013/14 academic year after January 1; we recommend that you do so by March 1.  We will post a reminder for Fall 2013 applicants as the time to complete your FAFSA approaches.

Funding your education at SIPA – part 2

While a limited number of SIPA admits are offered direct funding (for year one), a higher percentage of SIPA students – typically half or more – are funded for their second year of study.  Currently, the average second year award is an assistantship that provides approximately half of tuition, and consists of both tuition credits (a scholarship) and salary for part-time employment at SIPA.  Some students with assistantships work in SIPA offices or as research assistants with academic departments, institutes or faculty; others are appointed as teaching assistants, and those TA positions pay more and also include a stipend payment at the start of each term for indirect expenses such as textbooks and living expenses.

Some first year students will receive a renewable scholarship, and if qualified may also receive an assistantship in addition to their scholarship in their second year of study.

The application deadline for second year awards is typically late February or early March, and the Office of Student Affairs will hold an information session prior to that, early in the spring semester, at which you will have the opportunity to learn more about available positions, eligibility criteria, and the selection process.

Funding your education at SIPA – part 1

The students who plan ahead for the costs of a SIPA education are the ones who are best prepared.  A SIPA education is not inexpensive, but there are fellowship or scholarship opportunities, as well as financing strategies, that can make it affordable and manageable.

Once you have been admitted, SIPA will provide you with an estimate of what you will spend on tuition, fees, textbooks and typical living expenses to help you get started in your financial planning, along with information about the aid for which you qualify.  Budgeting your resources is the first step in planning how to manage the costs of your SIPA program.  Remember that New York is an expensive city to live in, but there are on-campus residence options, and Columbia is located in a thriving and bustling residential neighborhood.  Many students live within walking distance of the campus.

In preparing your financing strategy, look at all options, including resources you currently have available.  Examine financial resources you have on hand in salary, savings or assistance from your family in addition to the types of fellowships, scholarships and loans available from SIPA, government sources or private external agencies.  Many SIPA students create a strategy employing three or four of these components.

First Year Fellowship and Scholarship Awards

SIPA scholarship and fellowship awards are competitive and offered to approximately 10 to 15 percent of first year students.  All admitted students are automatically considered, no additional application is required.  These merit-based awards are based entirely on your academic achievement and professional credentials; financial need is not a factor.  SIPA scholarships range in value from $3000 per year up to full tuition; most fall approximately midway in between.  If you are a US citizen/permanent resident, you may submit a FAFSA for student loans, but the FAFSA is not reviewed nor required for fellowship/scholarship determination.

SIPA scholarship and fellowship awards are available to both domestic and international students.

SIPA has arrangements with some external agencies, such as the Rangel, Pickering, Fulbright and other foundations, where we will match part of the award a student receives from that entity.  Please advise us if you have such funding (from these or similar sources) as soon as you are aware of the award so we can consider you for matching funds.

External Awards

While searching for funding from outside foundations and organizations comes with no guarantees, such funding is only a possibility if you take the time to search for it.  The SIPA Financial Aid Office maintains a database of external scholarships and fellowships that we recommend students visit often.  These funding opportunities may be available to all students, first or second year, domestic or international, and may be based on any combination of academic achievement, professional credentials, areas of interest and experience, financial need, or demographic criteria.  SIPA students receive hundreds of thousands of dollars in funding through outside sources of their own finding every year, and it is not too early to begin your search for these resources.

You may also want to visit the following sites:

www.fastweb.com

www.scholarships.com

www.graduatescholarships.org

www.gradview.com

 

you can’t come to us, so we’ll come to you… virtually

As I mentioned in an earlier post, one of the best parts of our job in Admissions is meeting new and interesting people who want to make a difference in the world.   People make the trip to visit us in New York  or find us on the road when we are touring the country and parts of the world in the fall.  But not everyone can come to New York and we, unfortunately, can’t travel to every city in the world, so let’s meet online.

We are hosting a virtual information session for our two-year full time Master of International Affairs and Master of Public Administration programs on Wednesday, September 26th at 10:00 AM EDT.  Unfortunately, you won’t be able to see us — since we won’t have video capability yet — but you’ll hear us talk about the program, what we look for in an application, and financial aid options.  Of course, we’ll also be available to answer your questions.  So register and join us next week for a one hour session from anywhere around the world.  See you online!

 

Yellow Ribbon Reminder

SIPA participates in the Yellow Ribbon Program.   This is just a reminder that the application goes live on Friday, June 15th at 1:00 p.m. EDT  (tomorrow).  Consideration is based on a first-come, first-served basis.  The application will be available at:  http://sipa.columbia.edu/resources_services/financial_aid/index.html.  

For details about the Yellow Ribbon Program, visit The U.S. Department of Veteran Affairs website.  If you have questions about your eligibility level for the Post 9/11 GI Bill, please contact the VA at www.va.gov or 1-888-442-4551. 

 

"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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