<p>Cornell</a> Press Releases</p>
<p>"1) Eliminate the parental contribution for students from families with incomes below $60,000 and assets below $100,000." </p>
<p>Eliminate completely? I have a parental contribution w. an EFC=0.
Weirdddd</p>
<p>How can Cornell afford this w. the economy as it is?!</p>
<p>Does the asset include house? That is a pretty harsh requirement. I don't think a lot of people will have assets below $100,000... My family has an approx. annual income of $53,000. Am I eligible? (I am a Canadian citizen.)</p>
<p>way to go Cornell!</p>
<p>I have no idea how Cornell is going to afford it. Harvard, Princeton, and Yale? Yes. But I think Cornell should be putting more of its resources into faculty and research during the downturn.</p>
<p>I'm pretty certain that your family's primary residence doesn't count against you provided it is under a certain threshold. Maybe $300k or so. I know retirement savings do not count as assets. Can anybody confirm?</p>
<p>I love Cornell!!</p>
<p>Perhaps Cornell is doing better than the recent construction and hiring freezes suggest. I'm extremely glad Cornell is doing this because I am going to benefit greatly from this plan starting next year, especially because my parents are just about retired and most of our assets are in the stock market (talk about timing!) but I'm worried that the university may be stretching itself too thin during a period of financial instability. </p>
<p>However, I am glad that even in tough times, the administration continues to try to uphold Ezra's vision of a university created for everyone.</p>