Columbia University announced today that it was joining its Ivy League sister institutions in revamping its financial aid policies to make the University more affordable for the middle class. Families with incomes of less than $60,000 will pay nothing. Families with incomes of less than $100,000 will see a significant increase in the amount of aid awarded. And all institutional loans will be replaced by grants.
Since Harvard announced changes in its financial aid policies (see my post here), other well-heeled institutions (e.g., Dartmouth, Yale, Bowdoin, Stanford) have followed suit. Expect others to join in.
Stay tuned.
Mark Montgomery
Independent College Counselor
Columbia Changes Financial Aid Policies
Jared Hobson
Jared serves as President of Great College Advice, where he sets strategic direction for the firm as well as being involved in sales & marketing and college consulting. Jared has an MBA from Cornell University, where he served on its Student Admissions Committee. His consulting philosophy emphasizes personalized attention to help identify the right college fit for each student.
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