I wanna grow up to be a debaser
2+ Year Member
- Aug 25, 2016
- Medical Student (Accepted)
Did they do away with the unit loan crap since the Vagelos donation?Using the application material you provide (CSS Profile, parent’s tax returns, your tax returns, etc...), Columbia determines your expected family contribution (EFC). They then subtract that from the total cost of attendance. The resulting number is paid for by the Vagelos Scholarship.
Theoretically, no one should graduate with debt. However, if your parents make a healthy living and are not contributing to your medical education, you likely will not benefit at all from Columbia’s financial aid system and will need to take out federal loans for the entire cost of attendance (edit: as with most schools)
Also notable: If your parents are separated/divorced, you still must provide fincancial info for your non-custodial parent—even if they aren’t contributing a dime to support you. This is not the case for some other schools (ex: Yale only asks for custodial parent info)