STUDENT FINANCIAL SERVICES

Important Deadline

Pay your Spring 2019 balance in full or set up a payment plan by December 28, 2018.

Types of Aid

What is financial aid? Financial aid is any type of financial assistance that you obtain to go to college. The main types of financial aid are scholarships, student loans, grants, and work study.

To be considered for federal financial aid, you need to submit a Free Application for Federal Student Aid, commonly known as the FAFSA. We will use information from your FAFSA to compile your total financial aid package, which includes all types of aid. You'll be notified of your package on your Financial Aid Award Letter.

Scholarships

Scholarships are aid that you don't have to pay back—think of them as a gift. They are usually intended to be used for tuition expenses. There are many types of scholarships, from a variety of sources. 

For more information, visit our scholarships section

Incoming Undergraduate Students

Columbia offers renewable scholarships to incoming freshmen and transfer students. If you're interested in being considered for a Columbia scholarship, complete your undergraduate admission for application.

For financial need-based aid for 2019-20, submit a FAFSA starting October 1, 2018. 

For talent-based aid, submit a portfolio of your best creative work by January 15, 2019, for priority consideration.

Note: while scholarships are typically awarded to students who start in the Fall semester, there are a limited number of scholarships available if you begin in the spring.

Continuing Undergraduate Students

Columbia offers scholarships to support sophomores, juniors, and seniors, both at a college-wide level and within individual departments.

Use the scholarship finder to see a list of scholarships and for eligiblity and application requirements. You can also apply online through your OASIS portal. 

Graduate Students

If you complete the admissions application by the program deadline, you're automatically considered for a Graduate Assistantship Award. This award provides up to full tuition based on the duration of the program and the strength ofy our admissions application. International students are eligible.

You can also use the scholarship finder to see a list of scholarships and for eligiblity and applicaiton requirements. You can also apply online through your OASIS portal. 

Loans

Loans are borrowed money that you can use for college. Your loans must be paid back, along with any interest that may accumulate on them.

Federal loans, which have lower interest rates and more flexibile repayment options than private student loans, are an investment in your future and can be a great way to pay for school.

For more detailed information about federal loan options, visit our Federal Loans page. For more information about private loans, visit our Private Loans page.

Are you an admitted transfer student? Are you a current undergraduate student? Find out what you might need to know when applying for loans.

Undergraduate Students

You can take out direct loans to pay for your college education. There are a few options:

  • Direct Subsidized Loans: You are not responsible for interest on your loans until you begin paying them back. While you're in school, and during periods of deferment, interest is paid by the U.S. Department of Education.
  • Direct Unsubsidized Loans: You are responsible for all interest, which will begin accumulating while you're in school. 

Parents of dependent undergraduate students can also take out Direct Plus Loans to pay for their children's expenses. 

Graduate Students

As a graduate student, you have several options for loans:

  • Direct Unsubsidized Loans: You are responsible for all interest on the loan, which will begin accumulating while you're in school.
  • Direct PLUS Loans: You are responsible for all interest on the loan, which will begin accumulating while you're in school. 

Grants

A grant is a form of aid that generally does not need to be repaid if you finish each semester.

These grants can be divided into three general categories: institutional grants, state grants, and federal grants. For more detailed information about specific grants, visit our Grants page
Undergraduate Students

Undergraduate, dependent students who demonstrate financial need on their FAFSA application may be eligible for grants. These can include:

For more detailed information about specific grants, visit our Grants page

Work Study

Federal work study is a federally funded program that provides part-time jobs to eligible degree-seeking students. Students must meet requirements, including demonstrating financial need, to be considered for work study.

For more information, visit our work study page

For more information about federal student aid, please visit studentaid.gov.

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About

Student Financial Services is here to help you determine ways to finance your education at Columbia College Chicago.

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