Funding

The majority of the IEOR doctoral students are provided with funding for least four years, provided that satisfactory progress is made toward the PhD degree.  Select students may have been awarded a SEAS fellowship or outside fellowships.  Students' tuition and medical fees are paid by the Department.  In addition, students are provided with a monthly stipend for living and school expenses.  Stipends are provided through Teaching Assistantships (TA).

The following fees are the student's responsibility:

  • 75% of Facilities fee ($325 per term),
  • International student fee ($50 per term), if applicable
  • Transcript fee ($105, one time)

More information on tuition and fees can be found on the Student Financial Services webpage.

In 2015-2016, TA's should receive a stipend of $26,289 in two payments (Fall: $8,683 and Spring: $11,603). This amount is disbursed through your student account, which you can view via Student Services Online. Additionally, you will be awarded a monthly payment (from September through May). If you receive a paper check, it will be available at the Department on the 15th and the last day of each month.  Once your direct deposit application is processed, the monthly payment will be automatically credited to your bank account.

In 2015-2016, DRA's and GRA's will receive a total stipend of $26,289 in two payments (Fall: $11,684 and Spring: $14,605). This amount is disbursed through your student account, which you can view via Student Services Online.

There is mandatory 14% tax deduction on the big stipend check for international students.  Monthly checks include various taxes as well, unless your country of origin has a tax treaty.  Deductions are made by the payroll office.

Special Note to First Year Doctoral Students:

Although the Department and the School are providing funding towards your living expenses, we strongly advise you to bring additional start up funds (one to two months of expenses).

As a best practice, we have learned that often times students need additional cash beyond the monthly stipend during the first two months. Furthermore, we want to prevent any financial hardship in case there are administrative delays.

The Department is dedicated to making your transition to Columbia as smooth as possible. If you have any questions or concerns, please do not hesitate to reach out to Krupa. Furthermore, the Department is happy to provide letters that will assist in opening a local bank account (Citibank, Chase) of your choice.


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