2014 THROUGH 2016 “APPLES-TO-APPLES” COST AND
FINANCIAL AID ANALYSIS OF COLUMBIA UNIVERSITY AT
ADJUSTED GROSS INCOMES $60,000 AND $40,000 PER YEAR
SHOWING HARD COSTS (TUITION & FEES AND ROOM & BOARD) AND TOTAL GRANTS FROM THE SCHOOL’S “NET PRICE
CALCULATOR” PROGRAM FOR COLUMBIA COLLEGE PLUS TYPICAL SOFT COSTS (BOOKS & SUPPLIES, PERSONAL
EXPENSES, AND TRAVEL COST). BASED ON FINANCIAL DATA FOR AN AMERICAN FAMILY OF FOUR WITH THE STATED
AGI AND LIMITED ASSETS. TOTAL GRANTS ARE NEED-BASED ONLY, AND THEY INCLUDE NO LOANS.
FOR THE SAMPLE FAMILY HAVING AN ADJUSTED GROSS INCOME OF $60,000 PER YEAR
Tuition
& Fees
$49,138
Plus
Room &
Board
$11,978
Plus
Books &
Supplies
$1,150
Plus
Personal
Expenses
$1,350
Plus
Travel
Cost
$1,000
Equals
Total
Costs
$64,616
Minus
Total Grants
(Including No Loans)
$57,575
Equals
Unmet
Need
$7,041
Minus
Student
Work
$5,000
Equals
Remaining
Balance
$2,041
Columbia University
http://www.columbia.edu/
$53,523
$12,860
$1,150
$1,350
$1,000
$69,883
$63,009
$6,874
$5,000
$1,874
Columbia University
http://www.columbia.edu/
$53,523
$12,860
$1,150
$1,350
$1,000
$69,883
$63,014
$6,869
$5,000
$1,869
Year
College or University
20142015
Columbia University
http://www.columbia.edu/
20152016
20162017
FOR THE SAMPLE FAMILY HAVING AN ADJUSTED GROSS INCOME OF $40,000 PER YEAR
Tuition
& Fees
$49,138
Plus
Room &
Board
$11,978
Plus
Books &
Supplies
$1,150
Plus
Personal
Expenses
$1,350
Plus
Travel
Cost
$1,000
Equals
Total
Costs
$64,616
Minus
Total Grants
(Including No Loans)
$59,819
Equals
Unmet
Need
$4,797
Minus
Student
Work
$5,000
Equals
Remaining
Balance
-$203
Columbia University
http://www.columbia.edu/
$53,523
$12,860
$1,150
$1,350
$1,000
$69,883
$65,214
$4,669
$5,000
-$331
Columbia University
http://www.columbia.edu/
$53,523
$12,860
$1,150
$1,350
$1,000
$69,883
$65,214
$4,669
$5,000
-$331
Year
College or University
20142015
Columbia University
http://www.columbia.edu/
20152016
20162017
© 2016 Mark Warns, [email protected]