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Congratulations on your selection of Columbia University's Institute of Human Nutrition! Advanced education and financial planning have a very close relationship to future success and income, there is more than one way to finance a college education and the Financial Aid Office at the Institute of Human Nutrition will provide guidance and direction as you explore them. Our goal is to provide students with sufficient resources to meet their need and to distribute funds to eligible students in a fair and equitable manner. The Institute of Human Nutrition would like to ensure that students meeting admission requirements will have sufficient funds to pursue and complete the MS degree program. Financial assistance is determined by a careful evaluation of all the resources available to the student. All students must file a Free Application for Federal Student Aid (FAFSA). Students may apply for FAFSA electronically which is quicker and better for both you and the Institute of Human Nutrition. Your information is transmitted directly to the U.S. Department of Education and eliminates the additional processing time associated with a traditional paper FAFSA. The FAFSA is the only form needed for ALL student aid programs. Questions regarding financial aid should be directed to:
All students accepted into the Ph.D. program are awarded support that fully provides for the tuition and medical insurance fees required by the University. These students also receive a stipend for their personal use that commences with registration and normally continues throughout graduate study. New York State Tuition Assistance Plan (T.A.P.) Any student who has been a legal resident of New York State for the preceding year is eligible for a New York State Tuition Assistance (T.A.P.) award for each term in which he or she is registered as a full-time degree candidate. The amount of this award is based on the net taxable balance of the student's income and the income of those responsible for his or her support, as reported on the New York State income tax return for the previous calendar year. Application forms and further information can be obtained from the New York State Higher Education Services Corporation (http://www.hesc.com). To ensure timely processing, applications for awards should be filed three months in advance of the beginning of the term for which the grant is to apply. Loans A student who is enrolled at least half-time and is either a citizen or a permanent resident of the United States may be eligible for a Federal Family Education Program (FFEP) and should apply to the student loan program administered by the state in which the student is a legal resident. Students unable to obtain a guaranteed student loan from their state can apply to the New York State Higher Education Services Corporation. Further information and loan application forms are available at participating banks and other lending institutions. Tax Withholding for Nonresident Alien Scholarship and Fellowship Recipients United States tax law requires the University to withhold tax at the rate of 14 percent on scholarship and fellowship grants paid to nonresident aliens that exceed the cost of tuition, books, fees, and related classroom expenses. Certain countries have entered into tax treaties with the United States, which may serve to reduce this rate of withholding. However, even when such a treaty applies, the student and the University must report the full amount of such excess to the Internal Revenue Service. If a student claims tax treaty benefits, he or she must also report this amount to his or her country of residence. The International Students and Scholars Office (524 Riverside Drive; telephone 212-854-3591) has prepared a packet of tax information that is available to students and is revised annually. The tax law is complex and may vary with regard to individual circumstances. Therefore, as the University is not in a position to offer individual tax advice, each student may also wish to consult the consulate of his or her country of residence or a qualified tax professional. Satisfactory Academic Progress Standard 1. The maximum time frame allowed to complete a degree is twelve months (three semesters). However, under special circumstances, if needed, an additional semester may be approved by the Institute. 2. A student must maintain an average of B- or better, and complete a total of 33 points at the end of the program.
Federal Subsidized Stafford Loans A Federal Subsidized student loan is awarded on the basis of need. The federal government pays the interest on the loan until repayment begins and during authorized periods of deferment. Students must be enrolled in an eligible program of study at least half time (six credits). Students can borrow up to $8,500 per year. The interest rate is fixed 6.8% (as of July 1st 2007). Loan funds are made in two equal disbursements, one at the beginning of the loan period and the second at midpoint. All borrowers must pay an origination fee equal to 3%, deducted proportionately from each disbursement of your loan. Applications are available at the Financial Aid Office and must be submitted approximately two months before the date funds are needed. Federal Unsubsidized Stafford Loans A Federal Unsubsidized loan is not awarded on the basis of need. You will be charged interest from the time the loan is disbursed until it is paid in full. The interest may be deferred until repayment begins. Students can borrow up to $10,000 per year. The interest rate is fixed 6.8% (as of July 1st 2007). Loan funds are made in two equal disbursements, one at the beginning of the loan period and the second at midpoint. All borrowers must pay an origination fee equal to 3%, deducted proportionately from each disbursement of your loan. Applications are available at the Financial Aid Office and must be submitted approximately two months before the date funds are needed. Please visit Lender Comparison Chart. You can click on the links for each lender to learn about special features and benefits offered to our students. Once you have picked a lender, please write down the name and lender code. Keep this information handy, since you will need to specify your chosen lender when you complete your Master Promissory Note (MPN). The lender comparison chart outlines the lender contact information and the lender’s description of the fee structure, interest rates, repayment interest rates, and repayment incentives and options associated with each lender’s loan product. Contact the lender directly for any updated information and for any additional disclosure information.You should always review and verify exact terms, conditions, qualifications and disclosures associated with any loan product with the lender. Students have the right and ability to select the education loan provider of their choice, are not required to use any of the lenders on the comparison chart and will suffer no penalty for choosing a lender that is not listed. We encourage students to explore the loan products of lenders that are not included in the comparison chart. If you find a better rate, please contact the financial aid office and let us know. Federal Perkins Loan A Federal Perkins Loan is a low-interest rate loan (5%) for both undergraduate and graduate students with exceptional financial aid need. Columbia University is the lender and the loan is made with government funds. Loan funds are made in two equal disbursements, one at the beginning of the loan period and the second at midpoint. Eligible students will receive Promissory Notes from the Financial Aid Office. |
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