Columbia University announces new financial aid policy

Columbia announced today that they are revising their financial aid policy. Students attending Columbia College and the Fu Foundation School of Engineering and Applied Science whose families have annual income below $60,000 will have no contribution requirement. For families with incomes between $60,000 and $100,000 families will have their expected contribution reduced. The announcement does not make clear how the contribution is to be determined for this range of incomes. Columbia also announced that they will eliminate loans from all financial aid packages.

Columbia is now the final member of the Ivy League to announce revised financial aid policies.