These letters indicate the terms of your GSAS fellowship. They do not include information on federal loans. Award letters for federal loans are not mailed until after the loan application has been processed. Since our student body varies so drastically,we do not pre-package students for loans. The amount to borrow would be the budget, less any fellowship, family assistance, or personal savings which might be available.
Federal loans come either in the form of a check or an electronic transfer.
If not, the loans will be in check form. After registration, at the beginning of each term, all loan checksmust be signed over to Columbia University to pay your student bill fortuition and fees. If the loan check constitutes an overpayment of your bill, you will receive a refund check from the Office of Student Financial Services for the amount of the overpayment. Students who are receiving loan funds and who know that these funds will constitute an overpayment should apply for a refund when they sign their checks over to Columbia University. Refunds are mailed to the local address on file.