I received a letter from Columbia today informing me that I have been awarded a $8400 New Student Incentive Scholarship. I have to admit, I was slightly disappointed. It's exciting to have been accepted and it's exciting to receive some type of scholarship, but $8400 is not really that much considering 24 credits at Columbia (plus fees) is $35,000 a year. I have not received the final financial aid package from Columbia which will tell me of any federal grants or loans (atleast I'm assuming that is on its way) so things could get better, but right now I am a little bummed with the thought of having to take out $26,000 a year in fees for 2-3 years. That's alot of debt.
Some have said that debt is easily outweighed by the the opportunity costs of a Columbia education, but considering I can go to a University of California school for a third of that amount (and finish in less time) is something I have to think about.
I have a call scheduled with the head of financial aid on Thursday, so we will see what I can do.
Some have said that debt is easily outweighed by the the opportunity costs of a Columbia education, but considering I can go to a University of California school for a third of that amount (and finish in less time) is something I have to think about.
I have a call scheduled with the head of financial aid on Thursday, so we will see what I can do.
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