Archive for Financial Aid – Page 15

Graduate Assistant Positions

Our office was recently made aware of some graduate assistant positions available through the Office of Multicultural Affairs.  The deadline to apply for these positions is Friday, May 6th.  Details and contact information can be found by clicking here.

We have been receiving many great questions concerning expenses and financial aid and I will author a post on this topic soon.  I can say that as far as assistantships at SIPA, the positions are reserved for second-year students.

Idioms and Admissions: Apples and Oranges

The earliest memory I can seem to muster of the idiom, “That is like comparing apples to oranges” is from high school. I can not remember if it was my personal finance teacher or my cross country coach, but it was one of the two (and comparing those two certainly is like comparing apples to oranges).

I remember being stumped by the idiom at first. I did not understand the context and asked around until some other examples finally brought the point home to me.

While Wikipedia delves into the validity of the usefulness of the idiom, to me the admission decision season provides a scenario where the idiom makes perfect sense.  Most applicants apply to several different schools and it is only natural not only to compare the characteristics of those schools, but the admission decisions of those schools.

When decisions go out each year applicants will often contact our office to discuss their SIPA admission decision. Statements and questions like the following are not uncommon:

  • I don’t understand why I was put on the waitlist at SIPA when I was admitted to all of the other schools I applied to. Can you explain why?
  • I received a fellowship offer from another school but not from SIPA. Why didn’t I get SIPA fellowship funding?
  • SIPA’s letter said that I should get more experience and apply again at a later time but other schools admitted me? Why?
  • My decision letter from SIPA said I could benefit from more quantitative preparation but I was admitted to other similar schools. Why is this the case?
  • My decision letter from SIPA said I could benefit from additional English language study but I was admitted to other U.S. programs. Why?
  • Why have I heard from other schools but not SIPA?

From an administrators point of view statements and questions like these are, well, like comparing apples to oranges.

If it were an apples to apples comparison, every single applicant would have had to apply to the same exact schools, have been read by the exact same committee, and the committees would need to share the exact same budget. Obviously this is not what happens.

Sure policy schools are similar in many ways. We have similar core classes, faculty that study, teach, and practice common subjects, and we seek to prepare students for similar careers. However, each school is quite different in many ways when it comes to shaping an incoming class.

Each school has its own unique Admissions Committee structure. Each school has its own unique applicant pool. Each school has a different fellowship endowment and can choose to use it in different ways. Each school has different donors who set different criteria for awards. Each school has its own time lines.

I am not going to pretend that by reading this entry all of your questions or concerns about admission decisions will be put at ease, but I hope it does provide insight into “the big picture.” Each policy school is different in its own way and will make decisions based on its history, goals, preferences and yes, limitations.

Thus, comparing a decision from one school to another is often like comparing apples to oranges.  I will attempt to address many of the questions posted in future entries, but for now I just wanted to provide a bit brief insight into the process from the prospective of someone on the other side of the process.

 

 

$22,500 Conflict Resolution Fellowship

I will have another update on the release of decisions soon, but I thought I would take a minor break on “decision only” entries and offer something for admitted candidates to consider.  I will note that just as the decisions that have already been released belong to the three categories (admitted, waitlist, not admitted) the decisions yet to be released will also include these three categories.

I am excited to share the following scholarship information partly because an admitted student to SIPA in the past was selected as a recipient.  Details of the fellowship along with the link to the application page are below.

The Empedocle Maffia Fellowship (EM Fellowship) for Masters students will be awarded to two graduate students from the School of International and Public Affairs (SIPA) at Columbia University who have demonstrated excellence in the fields of conflict prevention, conflict resolution, post-conflict reconstruction, sustainable development, natural resource management, security and the global environment.

The EM Fellowship is designed to foster new scholarly experts in the following countries or regions: Italy, the Balkans, Iraq, Afghanistan, Peru, Colombia, China, the Middle East and North Africa; therefore, preference will be given to applicants from these countries and regions.

The EM Fellowship is open to incoming and current (first-year) SIPA students; it is awarded for two, consecutive semesters. Selected EM Fellows will be expected to undertake 10-15 hours of work per week at CICR. The work will involve supporting CICR generally – especially in terms of events and communications – and supporting aspects of The Fund for Global Environment and Conflict Resolution, specifically as it relates to research and events concerning:

  • Fragile states and the field of conflict prevention – specifically in China, the Middle East and North Africa with respect to conflicts or potential conflicts fuelled by natural resources, deforestation, and the role of renewable energy within these frameworks;
  • Conflict resolution and post-conflict reconstruction – specifically the Balkans, Iraq, Afghanistan, Peru and Colombia, looking specifically at environmental solutions and sustainable development policies;
  • International security and climate change, in general, taking into consideration the impact of the current financial crisis and potential consequences on the field, with particular attention on water scarcity.

The Fellows will be awarded $9,000 toward their university fees each semester and a stipend of $500 per month over the course of the academic year (nine months).

All applicants should submit their candidature by April 15, 2011. The decision will be undertaken by a selection committee at CICR, and will be announced in July. All decisions are final, and applications received after the April 15, 2011 deadline will not be accepted.

For more information and details on how to apply please click here.

Borrowing Part 3 – International Students

The following post is part of a three part series written by a member of the admissions and financial aid staff, Colin Sullivan.

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If students from overseas (or across great lands) require additional funding to supplement any fellowships, sponsorships, or grants they may receive, they can apply for the very same private loans as their American compatriots, but they must have a US citizen or permanent resident willing to cosign.

We also advise that our international students contact banks in their home countries to research the possibility of education or personal loan opportunities to help cover the full cost of attendance.  Something as simple as a Google search with various applicable keywords (i.e., “student”, “loan”, “international”, etc) can often yield a deep well from which you can siphon exactly the type of financing you may require.

International Applicant Frequently Asked Questions:

Question: I’m an international applicant. Can SIPA or any SIPA employees cosign on my private education loan for me, or can Columbia University provide me with a cosigner?

Answer: SIPA cannot serve as a cosigner on any loans, nor can we refer a cosigner. A cosigner should primarily be an individual with whom you share a personal relationship, and someone who would be willing to assume responsibility for the loan should you become unable to pay.

Question:  I’m an international applicant, and my uncle is a wealthy banker in my home country. Would he be able to cosign on my loan?

Answer: Unfortunately at this time, US private education lending institutions require that either a US citizen or permanent resident cosign on your loan, with no exceptions.

Question: Would I be able to use my personal assets as collateral in the absence of a US cosigner?

Answer: At one time, private education loan lenders were willing to accept collateral, but due to the recent “credit crunch” in the US, they have since discontinued this practice. However, a bank in your home country may be able to provide funding for you in a similar manner.

Question: I have been unable to find a cosigner. Is there any additional financial aid available to me, and does SIPA offer any school-originated loans or financing that I can utilize?

Answer: At this time, Columbia University offers no such programs for either domestic or international students, as we do not operate as a lender.

Borrowing Part 2 – U.S. Citizens and Permanent Residents

The following post is part of a three part series written by a member of the admissions and financial aid staff, Colin Sullivan.

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To participate in the Federal Direct Loan Program, US citizens/permanent residents must first complete the FAFSA (Free Application for Federal Student Aid) online at http://www.fafsa.ed.gov to determine their eligibility. From there, they have three options:

1. Federal Direct Stafford Subsidized/Unsubsidized loans:

* $20,500 annual limit = $8500 subsidized, $12,000 unsubsidized

* 6.8% fixed interest rate (“fixed” meaning for the life of the loan)

* 10 year standard repayment term, beginning 6 months after graduation or separation

2. Federal Perkins loans:

* $6000 annual limit for graduate students

* 5% fixed interest rate

* 10 year standard repayment term, beginning 9 months after graduation or separation

3. Federal Graduate PLUS loans:

* complete entrance counseling and Master Promissory Note

* take cost of attendance and subtract other financial aid awards = maximum amount you can borrow

* 7.9% fixed interest rate

* must pass a credit check, and not have any adverse credit history (e.g., 90+ delinquencies, bankruptcy discharges within past 5 years, default, foreclosures, tax liens, etc)

* 10 – 25 year repayment term, beginning 60 days after final disbursement, but may be deferred while enrolled at least half-time

Should any fellowships and federal financial aid fail to cover your total cost of attendance, you may then opt to apply for private education loans. In many cases of private lending (depending on your personal finances and credit history) a credit-worthy cosigner may be required, while your interest rate and repayment terms could vary significantly. Additionally, you cannot consolidate federal and private student loans together.

International students, stay tuned; we will post your borrowing options in the coming days.

"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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