Archive for Financial Aid – Page 19

Spring Admission Notes #1

With the spring admission deadline only a month away I thought I would spend a few entries to elaborate a bit on the time line and details related to spring admission to our MIA and MPA programs.  I will offer my thoughts on compiling the best application possible in a different set of entries, these entries will be more about the  nuts and bolts of the process.  First off will be a few notes about the submission of documents and the time line.

The deadline to submit materials for spring admission is October 1st.  This means everything needs to be submitted on the application site or received in our office by October 1st at 11:59:59 P.M.  As a reminder, 100% of your application materials can be submitted online and this is our preference.  The reason is that this allows us to print your application all at one time without having to complete a matching process which can be time consuming.

Related to the deadline, applicants are directly responsible for submitting all of their information except for letters of recommendation.  Without fail, the biggest hindrance to completing an application on time each year is the on time submission of letters of recommendation.  Every year near the deadline we receive panicked emails from applicants informing us that for some reason a letter of recommendation will not be in by the deadline.

With this in mind, do everything in your power to ensure that letters of recommendation are submitted on time.  My advice is to ask the recommenders to submit the recommendation a minimum of one week prior to the actual deadline.  Thus it would be wise to reach out to these individuals and and ask them to submit the letters by September 24th.

We prefer that recommendation letters be submitted online because as I stated, we print the application all at one time.  If all of the letters are submitted online, they print with the rest of your application.  If the letters are mailed, we print your application and if the letters are not present, we have to then look to see if the letters were received by mail which takes additional time.

As a reminder, everything else can be self reported online by the application.  Applicants self report test scores on the application and upload all of the required documents.  We do not require that official test reports be received in our office by the admission deadline.  More details on what happens after the deadline passes in future entries.

Summer Reflections 2010 – Post #9

John Hughes just graduated from SIPA and during his second year of study worked in our office.  He is spending the better part of the summer in the office to assist with projects and help fill in for a staff member on maternity leave.  John is set up for a job in Washington, D.C. and will be moving there in August (our second largest alumni network in the world is in D.C if you were interested).

I asked John to reflect a bit on his experience as a SIPA student and contribute to the blog over the summer.  This is entry #9.

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I thought I’d write a post on my experience with the Fellowship process at SIPA, since it is the reason why I am at the Admissions office now and the topic of fellowships is something that most incoming and prospective students are very interested in.

The Fellowship process at SIPA is fairly straightforward.  The majority of fellowship money is reserved for second-year students, meaning that only a small fraction (about 10%) of first-year students receive one.  These first-year fellowships are merit-based and come with no strings attached.  So, if you are lucky enough to get one you should be proud.  Second-year fellowships, however, do come with strings attached and are based on a combination of merit and need.

Early in the second semester of your first year SIPA will hold a fellowship information session for all first-year students.  In this the administration will explain the types of fellowships available and what one needs to be eligible.  In a nutshell, any student who scores above a 3.2 in his/her first semester AND has a demonstrable need is eligible.  The demonstrable need amount does not appear to be too narrowly defined, and just because somebody is borrowing the entire cost of attendance does not make him/her more eligible than somebody who is only borrowing $20,000 a year.  Thus, if you are borrowing any money at all and get above a 3.2 I believe you would be considered eligible.

Once you are deemed to be eligible you are given the opportunity to apply for 3 fellowships that interest you.  These fellowships fall into three basic categories:  First, there are Teaching Assistant (TA) positions in which second-year students are selected to lead optional help classes for all the first year core courses.  There are also TA positions for classes that fall outside of the core, but are still quantitative in nature, such as corporate finance.  To get one of these fellowships a student must have done very well in that class.

The second type of fellowship is a Program Assistant (PA).  These fellowships are administrative in nature, and are usually in one of the SIPA offices like Career Services, Admissions, Student Affairs etc.  There are also PA positions monitoring the computer labs.

A third type of Fellowship is the Department Program Assistant (DPA), which is like a PA but places students in academic offices rather than administrative offices.  For example, a student could work as the DPA in the Harriman Institute or for the International Security Policy concentration.  In addition to these three main types, there are also fellowships given to tutor first-year students who need help with econ or other difficult classes as well as a few other smaller fellowships.

The challenge in the fellowship process comes in what three fellowships students should choose.  Generally, if you choose a fellowship as your first choice and somebody else puts it as her second choice, and both of you are qualified, you would get the fellowship for ranking it higher.  Thus, in addition to merit and need, strategy plays a role in successful fellowship attainment.  For example, many students may place a TA role as high on the list because these fellowships pay the same as a PA fellowship, except that they are for only a semester as opposed to the entire year for a PA.

However, there are only so many econ (for example) TAships to go around, so you should really only choose this if you did very well in econ AND you like to teach it.  More commonly, many students will choose a PA in a certain SIPA institute or for a concentration (such as UN studies or International Finance) as they view this as a way to get to know professors in those offices and a way to help with the resume.  Though such thoughts may be valid, there are only so many of these to go around, too.  I knew many students who put the EPD first-year TAship #1 on the list.  Unfortunately, 50% of SIPA students concentrate in EPD and there are only 2 such positions available.

Now, this is not to say that you should not apply for whichever fellowships that interest you the most.  However, before doing so you should carefully consider your chances.  If you have never spoken with the Human Rights Concentration head you are unlikely to get the DPA in that office, for example.  Go for Fellowships that both interest and that you have a valid chance of getting.

Overall, the Fellowship process seems to work out well in the end.  Most of my friends at SIPA got one, and all were happy in their position.  I, for one, thoroughly enjoyed my Fellowship in the Admissions office.  There were 7 of us working here, and we spent most of our time helping to process the thousands of applications that you all send in.  We also had many opportunities to talk to prospective students about our experience at SIPA, and even got to be a part of the admissions committee that reviews applications each year (this is mostly faculty and staff, but each year a few select students are asked to read some applications).

The staff here is great, and made our time working here a breeze.  I chose the admissions PA as my top choice, as I thought my previous experience working with students would help my chances.  Whether this was true or not, I did get the fellowship.  As many of you know, the admissions staff even allowed me to stay on for a couple months this summer to help out, which has been the perfect situation for me as I’ve waited for my job to start in Washington.

Many students call us to ask why they didn’t get a fellowship in their first year because school x or school y gave them one.  Our response is always that SIPA gives most of its money to second-year students.  More importantly, the amount SIPA gives in the second year is often better than what a student is offered first year somewhere else (at least it was for me).  So, it can be a bit of a gamble coming without knowing whether you will get a fellowship your second year, but it is a gamble you can win.  I was fully aware of this when I came, and made sure I did well enough my first year to be eligible.  If you focus on your studies and on getting to know people in the offices that interest you, it’s likely that something will work out for you, too.

IPCC Scholarship Programme

Our office was recently notified of a scholarship opportunity for applicants from developing countries.  The deadline is July 31st so the time line is a bit tight, however if after reading the information below you are interested this sounds like a great opportunity.  The following comes from the IPCC Web site.

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The IPCC Scholarship Programme is targeting the most vulnerable regions of the world where the IPCC has identified gaps in knowledge in terms of climate change science and impacts. These comprise developing countries, and in particular Least Developed Countries and Small Island Developing States.

Therefore applications coming from scholars from these areas and addressing issues relevant to them will be given priority. The Scholarship provides for living expenses, and in some cases, for tuition fees as well.

The Programme aims at developing the knowledge, skills and capacity of the scholars in order to address climate change impacts and sustainable development. Priorities include research on the impacts of climate change in the most vulnerable regions of the world and the potential for adaptation, mitigation and sustainable development.

For this initial round of scholarships, applicants should complete the attached application file which comprises the application form and the corresponding attachments by July 31, 2010 at the latest.

For more information and to apply visit the IPCC Web site.

Best Public Service Annoucement Scholarship Video Contest

A graduate of Columbia College who works for the company below passed along an opportunity to earn a scholarship for a video related to public service.  I confirmed that it is open to graduate students.  If you decide to enter, feel free to share your video with the Admissions Office as well.  Simply email us a link to your YouTube video.

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Indigo Productions Scholarship
$1,000 scholarship award for best
video Public Service Announcement

Indigo Productions, a New York City video production company, invites Columbia students to compete in a scholarship contest which will be awarded to the student or group of students who create the most original and effective video PSA (Public Service Announcement).

First prize: $1,000
Second prize: $500
Deadline: September 15, 2010
Eligibility: Contestants must be students attending an accredited college or university in the continental U.S. at any point during 2010.
Length: Video can be up to 2 minutes long
Subject matter: Any health or safety issue that is of importance to the public (e.g. obesity, addictions, STDs, school bullying).

“We are looking for edgy and original approaches that capture people’s imagination,” says Max Rosen, President and Founder of Indigo Productions (CC ‘84)

To enter, simply upload your finished PSA video to YouTube and fill out the form below.

All videos will be judged by a panel of professionals selected by Indigo based on 5 criteria: Concept, Creativity, Execution, Artistic merit, and Viral potential.  The winning student or group will be announced on October 15, 2010.

To apply for the scholarship, please visit: http://www.indigoprod.com/VideoProductionScholarship

For information about Indigo’s Viral Video Production Workshop at New York University, please visit: http://www.indigoprod.com/ViralVideoWorkshop Classes run 4 consecutive Sunday’s starting September 26th.

Income Based Repayment

One very reasonable concern applicants have is paying off student loans that are borrowed to help pay for educational expenses.  I am happy to say that the U.S. Government does provide a program aimed at helping individuals with Federal loans manage debt accumulated while in school.

Below you will find a few bits of information concerning the Income Based Repayment Plan (IBR) offered by the government.  Through the program your required monthly payment is capped at an amount that is intended to be affordable based on your income and family size.  And for those interested in pursuing public service jobs, there is loan forgiveness option after 10 years of service.

Those interested in IBR plans will have to submit information to the government to determine eligibility and to set up payment plan specifics.  The information below is a great start, but to get more information on the details of the program, please visit this page set up by the government, and here is an link to an FAQ as well.

What is Income Based Repayment?

Income Based Repayment (IBR) is a new repayment plan for the major types of federal loans made to students. Under IBR, your required monthly payment is capped at an amount that is intended to be affordable based on your income and family size.

What federal student loans are eligible to be repaid under an IBR plan?

Any Stafford, Grad PLUS or Consolidation loan made under either the Direct Loan or FFEL program is eligible for repayment under IBR, EXCEPT loans that are currently in default, parent PLUS Loans, or consolidation loans that repaid a parent PLUS Loan. The loans can be new or old, and for any type of education (undergraduate, graduate, professional, job training).

Who is eligible for IBR?

You may enter IBR if your federal student loan debt is high relative to your income and family size. While your lender will perform the calculation to determine your eligibility, you can use the Departments IBR calculator to estimate if you would likely benefit from the IBR plan. It looks at your income, family size, and state of residence to calculate your IBR monthly payment amount. If that amount is lower than the monthly payment under a 10-year standard repayment plan, then you are eligible to repay your loans under IBR. See below for a more detailed description of how IBR eligibility is determined.

The following chart shows the maximum IBR monthly payment amounts for 2009 for a sample range of incomes and family sizes.

IBR Monthly Payment Amount

Annual
Income

Family Size

1 2 3 4 5 6 7
$10,000 $0 $0 $0 $0 $0 $0 $0
$15,000 $0 $0 $0 $0 $0 $0 $0
$20,000 $47 $0 $0 $0 $0 $0 $0
$25,000 $109 $39 $0 $0 $0 $0 $0
$30,000 $172 $102 $32 $0 $0 $0 $0
$35,000 $234 $164 $94 $24 $0 $0 $0
$40,000 $297 $227 $157 $87 $16 $0 $0
$45,000 $359 $289 $219 $149 $79 $9 $0
$50,000 $422 $352 $282 $212 $141 $71 $1
$55,000 $484 $414 $344 $274 $204 $134 $64
$60,000 $547 $477 $407 $337 $266 $196 $126
$65,000 $609 $539 $469 $399 $329 $259 $189
$70,000 $672 $602 $532 $462 $391 $321 $251

"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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