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Financial Aid

Budgets and Costs

Escalating costs, current interest rates, and the decline in available financial resources make it necessary for you to plan for your medical education. 

The Office of Student and Career Services can assist you in evaluating your financial obligations.

Download the Budget Planning Worksheet to help determine your financial needs.

Budget Tips:

  • Request a Credit Report - www.annualcreditreport.com

  • Estimate your needs and plan a logical useable budget.

  • Consider all means available for meeting your financial needs.

  • Find a way to meet your basic needs without total depletion of resources. Keep in mind that misuse of financial assets can destroy an academic career as rapidly as misuse of time and energy.

  • It is important to keep personal records of all financial aid transactions.

  • Search for and apply for all scholarships and loans for which you may qualify.

  • Do not miss submission deadlines for forms and applications.

  • Find ways to curtail personal expenses.

  • Ask questions from your financial aid advisor.

  • Reassess your needs periodically.

2014-2015 Columbia Medical Student Budgets Resident

M-I M-I M-II M-II M-III M-III M-IV M-IV
RBRCOMP On/Off at Home On/Off at Home On/Off at Home On/Off at Home
(10mos.)   (11mos.)   (12mos.)   (10mos.)  
Group Code M1R M1RHM M2R M2RHM M3R M3RHM M4R M4RHM
Type Code CAMP CAMP CAMP CAMP CAMP CAMP CAMP CAMP
Aid Period M1 M1 M2 M2 M3 M3 M4 M4
Tuition $36,680 $36,680 $36,680 $36,680 $36,680 $36,680 $36,680 $36,680
Fees $1,680 $1,680 $1,180 $1,180 $2,410 $2,410 $600 $600
Technology $600 $600 $600 $600 $600 $600 $600 $600
USMLE Fees $0 $0 $580 $580 $1,810 $1,810 $0 $0
Matriculation $80 $80 $0 $0 $0 $0 $0 $0
Gross Anatomy $1,000 $1,000 $0 $0 $0 $0 $0 $0
Books & Supplies $5,774 $5,774 $700 $700 $440 $440 $531 $531
Books  $461 $461 $300 $300 $220 $220 $181 $181
Supplies $700 $700 $400 $400 $220 $220 $350 $350
Equipment $1,713 $1,713 $0 $0 $0 $0 $0 $0
Laptop & Accessories $2,900 $2,900 $0 $0 $0 $0 $0 $0
Room $11,550 $2,010 $12,705 $2,211 $13,860 $2,412 $11,550 $2,010
Board $2,680 $2,680 $2,948 $2,948 $3,216 $3,216 $2,680 $2,680
Personal $2,730 $2,730 $3,003 $3,003 $3,176 $3,176 $2,730 $2,730
Transportation $1,951 $1,951 $2,270 $2,270 $5,826 $5,826 $3,890 $3,890
Transp. $1,880 $1,880 $2,068 $2,068 $2,256 $2,256 $1,880 $1,880
USLME Travel $0 $0 $0 $0 $217 $217 $0 $0
Clinical Travel $71 $71 $202 $202 $3,353 $3,353 $2,010 $2,010
Direct Loan Fees $197 $197 $197 $197 $197 $197 $197 $197
Med Add-Ons $1,809 $1,809 $1,970 $1,970 $1,738 $1,738 $2,157 $2,157
Vaccines $90 $90 $50 $50 $0 $0 $0 $0
Health Insurance $1,702 $1,702 $1,702 $1,702 $1,702 $1,702 $1,702 $1,702
Disability Insurance $17 $17 $18 $18 $36 $36 $55 $55
Smart Phone $0 $0 $200 $200 $0 $0 $0 $0
Residency Appl. $0 $0 $0 $0 $0 $0 $400 $400
TOTAL $65,051 $55,511 $61,653 $51,159 $67,543 $56,095 $61,015 $51,475

2014-2015 Columbia Medical Student Budgets Non Resident
  M-I M-I M-II M-II M-III M-III M-IV M-IV
RBRCOMP On/Off at Home On/Off at Home On/Off at Home On/Off at Home
  (10mos.)   (11mos.)   (12mos.)   (10mos.)  
Group Code M1N M1NHM M2N M2NHM M3N M3NHM M4N M4NHM
Type Code CAMP CAMP CAMP CAMP CAMP CAMP CAMP CAMP
Aid Period M1 M1 M2 M2 M3 M3 M4 M4
Tuition $83,000 $83,000 $83,000 $83,000 $83,000 $83,000 $83,000 $83,000
Fees $1,680 $1,680 $1,180 $1,180 $2,410 $2,410 $600 $600
Technology $600 $600 $600 $600 $600 $600 $600 $600
USMLE Fees $0 $0 $580 $580 $1,810 $1,810 $0 $0
Matriculation $80 $80 $0 $0 $0 $0 $0 $0
Gross Anatomy $1,000 $1,000 $0 $0 $0 $0 $0 $0
Books & Supplies $5,774 $5,774 $700 $700 $440 $440 $531 $531
Books  $461 $461 $300 $300 $220 $220 $181 $181
Supplies $700 $700 $400 $400 $220 $220 $350 $350
Equipment $1,713 $1,713 $0 $0 $0 $0 $0 $0
Laptop & Accessories $2,900 $2,900 $0 $0 $0 $0 $0 $0
Room $11,550 $2,010 $12,705 $2,211 $13,860 $2,412 $11,550 $2,010
Board $2,680 $2,680 $2,948 $2,948 $3,216 $3,216 $2,680 $2,680
Personal $2,730 $2,730 $3,003 $3,003 $3,176 $3,176 $2,730 $2,730
Transportation $1,951 $1,951 $2,270 $2,270 $5,826 $5,826 $3,890 $3,890
Transp. $1,880 $1,880 $2,068 $2,068 $2,256 $2,256 $1,880 $1,880
USLME Travel $0 $0 $0 $0 $217 $217 $0 $0
Clinical Travel $71 $71 $202 $202 $3,353 $3,353 $2,010 $2,010
Direct Loan Fees $197 $197 $197 $197 $197 $197 $197 $197
Med Add-Ons $1,809 $1,809 $1,970 $1,970 $1,738 $1,738 $2,157 $2,157
Vaccines $90 $90 $50 $50 $0 $0 $0 $0
Health Insurance $1,702 $1,702 $1,702 $1,702 $1,702 $1,702 $1,702 $1,702
Disability Insurance $17 $17 $18 $18 $36 $36 $55 $55
Smart Phone $0 $0 $200 $200 $0 $0 $0 $0
Residency Appl. $0 $0 $0 $0 $0 $0 $400 $400
TOTAL $111,371 $101,831 $107,973 $97,479 $113,863 $102,415 $107,335 $97,795