<p>Hi,</p>
<p>Will appyling ED cause me to get less financial aid? I'm thinking either SCEA Stanford or ED Cornell, but I'm worried about getting little or no financial aid. Does Cornell have an online calculator that tells me how much financially I have to pay? </p>
<p>Thanks</p>
<p>I got in early and got more than I expected, but it's different in every case. If you're worried about paying for Cornell and will only attend with sufficient financial aid then apply RD.</p>
<p>they give you your "demonstrated need" based on a bunch of qualifiers ranging from income to number of kids in your family in college in the next 4 years. That number is probably less than you would ideally want, but it wouldn't make sense if they gave you less than you could possibly get through college with.</p>
<p>Their binding ED FA accepts would all have to decline (even though they technically aren't supposed to) if that were the case, see what I mean? Andd people who stuck on through freshman year would have to bail after a year or two because they're be dirt poor, thus (i love that word :)) lowering frosh. retention rate. It would be an all-around bad, lose-lose situation. They can't completely shaft you ED on FA, for their OWN sake. I'm not saying it would be the same, more, less, whatever than you'd get RD...I'm just saying don't expect a number that would be unreasonably low.</p>
<p>So I should just applying RD? </p>
<p>Heres my info
parents married, $32,001 yearly
currently 3 people in household including myself, sister is considered independent I think and has child so I didn't include sister and nephew even though we live together
$2500 in bank savings
Lost $3000 in stocks
no property(house, etc) or business or assets, own an old 1996 Honda Civic Dx</p>
<p>Do those online calculator work? Can somebody give me an estimate? I dont know whether to apply early to Stanford or Cornell. I love both, each has its pros/cons, but from the stats of previous kids at my school I have a good chance at Cornell early but a smaller chance at Stanford. Somebody advise me! Thanks all.</p>
<p>I also applied ED and got more than I expected. Sparticus's explanation is the best reasoning I could give. </p>
<p>At first Cornell only gives you an estimate, and then the final numbers come through when you get your bill. My package was exactly the same as predicted, so (at least in my case) Cornell financial aid stuck to it's word.</p>
<p>these are some specifics: <a href="http://finaid.cornell.edu/Shared/AwardDetermination.htm%5B/url%5D">http://finaid.cornell.edu/Shared/AwardDetermination.htm</a></p>
<p>Can some ED acceptees give me their financial stats and how much aid you received so I have a general idea?</p>
<p>Yeah...Income a little under 80,000</p>
<p>Total package = 19,752
Parent contribution = 8,900
Grant = 8,217
Loans = 9,500ish</p>
<p>a great question that i wanted to know the answer to as well (:</p>