<p>^thanks for the heads up. I will most probably submit all my apps with my Cornell app.</p>
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<p>And the myth continues.</p>
<p>Yes, the ED rate is higher . . . because a higher percentage of ED candidates are “guaranteed” admits: legacies, athletes, extremely high stat candidates who know they want to attend Cornell. For the average candidate, applying ED might give you a small bump . . . but it’s certainly not going to double your chances of admission!</p>
<p>Well its not going to double my chances. But i feel like it can help. That small bump might be what i need. Plus, i feel it would be better for me if they are evaluating my app along with fewer people. It will allow them more time to really look at it, which is what i need colleges to do</p>
<p>Muhammad…it will NOT help your chance at all if Cornell is evaluating your application with students who are almost guaranteed admittance. Sorry…but if you are a good candidate for admission to Cornell, you will be a good candidate if applying regular decision. If you are not a solid candidate, it would be considered a reach for you…either RD or ED.</p>
<p>I agree with Dodgermom, you do not have any real advantage in the ED pool of applicants.</p>
<p>While you are a US citizen, Cornell will be need blind to you in the admissions process and will meet 100% of your demonstrated need if admitted. </p>
<p>However, because you attend school outside of the US, your application will be read by the admissions officer who reads international applications (specifically, applications from other students in your region). The competition is still going to be stiff, due to the large number of international applicants applying to Cornell.</p>
<p>Since money is a concern, you are better served applying RD so this way you will be able to compare packages.</p>
<p>I will see if i wanna RD or ED. </p>
<p>This thread is not about whther to rd or ed. It is about finances. Will Cornell meet my need? And if admitted rd, when should i expect an estimate?</p>
<p>If admitted RD, you will get your admissions and financial aid package between the end of March and April 1. May 2 is the National Decision deadline. At least this way you are given a little more time than you are given during the ED round to request a financial review (including submitting a financial aid package from a peer school) in order to get more aid.</p>
<p>You essentially have no financial leverage in the ED round because you have already made an honor bound commitment that in exchange for an early decision, if admitted you will attend.</p>
<p>No, Cornell will NOT meet “your need.” What they will do is meet “your need as they calculate it.” This might be the same . . . or it might not be.</p>
<p>From what you’ve described, it sounds like there wouldn’t be a huge difference . . . but that’s not something that anyone on this forum can guarantee. If your father’s gross income (that’s all the money he takes in before paying any of his expenses) is only $15k/year, and the land he’s farming has no significant value, the NPC calculator should be fairly accurate. If there are other family assets, or some other income you haven’t mentioned, then all bets are off.</p>
<p>Wont all colleges meet my need “as they see it”?</p>
<p>Bottom line is, my parents have a very low income. Even if the financial calculator is off by lets say $8000. I will still be getting $40,000. Which is still a lot. </p>
<p>Let me ask another question. Im pursuing a comp sci degree. How much in loans would be acceptable? Im talking max. Cuz obviously less is better. </p>
<p>The $48000 the npc was producing was the institutional grant only. I can still get the pell grant right?</p>
<p>NO, because the overwhelming majority of schools do not meet 100% demonstrated need. Even for those that do, every college determines your financial need according to their own criteria (I speak from hist hand experience as there was a $20k gap between 7 schools- all which required the FAFSA and the CSS profile, who gave 7 different packages).</p>
<p>You state your parents get “free housing” the school may look at the equivalent of this as income because it is $$ that your family does not have to spend.</p>
<p>Okay so heres what i got out of this thread. </p>
<ul>
<li>send apps early so im eligible for merit aid</li>
<li>my circumstance makes the npc pretty much useless</li>
<li>i should apply rd everywhere so i can compare packages as cornell might calculate my need to be less than another college might. (Still looking into the extension thing)</li>
</ul>
<p>I will not graduate debt free. Im almost certain, unless i get a miracle. Loans? How much is too much? I read that you should take equivalent to ur starting salary out of college. Avg starting for cs is about $70,000. So lets say $60,000 loans max?(obviously i will try to cut down as much as i can)</p>
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<p>You will not be able to borrow 60k. the max that you can borrow as an undergrad without a US co-signer is:</p>
<p>5500 Freshman
6500 Sophomore
7500 Junior
7500 Senior</p>
<p>You should plan on working part time during the school year, and full time during the summer. Don’t forget to include that.</p>
<p>Also, given the cost of travel to and from the US, you need to consider the possibility that you might not be able to visit your parents at all during your college years.</p>
<p>@sybbie, i was planning on a co signer if nrcessary. </p>
<p>@happymom, i am planning to do the work study program, and do realize i will have to work. I dont plan to visit every year. Maybe evrry 2 years or so. I’ll see depending on finances. If the college wont house me, i might go live with my uncle in maryland</p>
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<p>Do you have a US citizen co-signer lined up who is willing to put their credit and perhaps their own child’s college on the line?</p>
<p>My parents are US citizens as well. Cant they co sign?</p>
<p>You never mentioned that your parents are also citizens. Have your parents filed US income taxes (they are required to do so even though they are not living in the US)?</p>
<p>Make sure that your parents file their income taxes (some schools will ask for taxes for multiple years).
Minimally they will need to file taxes for tax year 2012 and 2013).</p>
<p>You will also need to use the IRS data retrieval tool on the FAFSA or get an IRS tax transcript or get a non-filers statement from the IRS before any aid is distributed to you. Some schools will require that you do this in order to get a financial aid award. If you are applying ED, Cornell will most likely require a copy of your 2012 taxes (have your parents file these taxes ASAP).</p>
<p><a href=“http://www.finaid.cornell.edu/apply-aid/prospective-applicants/early-decision-applicants[/url]”>http://www.finaid.cornell.edu/apply-aid/prospective-applicants/early-decision-applicants</a></p>
<p>Since your parents are US citizens, they will have to apply for a PLUS loan (before co-signing for any loans for you). IF they are denied a PLUS loan, then you will be eligible to borrow an additional 4k as an unsubsidized loan.</p>
<p>Your parents can apply for ANY private loan. But if you are hoping for an extra $4000, they would need to apply for and be denied a Parent Plus loan.</p>
<p>I thought your parent income was VERY low. How will your parents qualify for loans for four years with a very low income?</p>
<p>You say you plan on doing work study. Remember…your college needs to AWARD you work study funds. If they don’t you cannot get a work study funded job. But you probably could get another type of job. Since they are not living in the US, it may be difficult for them to get a private loan from a US bank</p>
<p>Okay. My parents have not filed taxes since we moved (3 years). Will they have to for me to be eligible for a scholarship? And if they wont let us, then my uncle could i guess. All his kids are past college.</p>