<p>I'm filling in the Cornell Financial Aid application for my son (late, I know). On the question that asks parents to write down what they think they'll be able to pay for the student's 2010-11 college expenses, is there some kind of guideline as to how to come up with this number? Or do you just put down whatever you think?
Thanks.</p>
<p>Put down whatever you think you would be able to pay.</p>
<p>If you search for EFC calculators online they’ll give you a very rough estimate of how much you can expect to pay. I guess it wouldn’t hurt to guess a little low, though you might raise a red flag if you’re not on the right order of magnitude.</p>
<p>I put down out of pocket and not what we could pay with loans. I assumed they meant out of pocket. But to meet the EFC we will need lots of loans.</p>
<p>Yeah, I think they meant out of pocket.</p>
<p>Thanks so much!
Now I have another question regarding applying for financial aid at Cornell, if anyone can help with this.
On the Cornell financial aid website, on the “Forms” page, it lists the Business/Farm Supplement as NO LONGER REQUIRED.
However the “2010 Freshman Financial Aid Instructions for U.S. Citizens…” that I printed from the Cornell website say (#4) “If your parents own any part of a business or farm, or are self-employed, they should complete the Business/Farm Supplement.”
My husband owns a business, but I am hoping the information from the “forms” page is correct and we don’t have to do this. Does anyone know for sure?
Thanks.</p>
<p>I didn’t realize that it listed the Business/Farm Supplement as no longer required, so I just sent mine in. Better to have it than not? But I don’t know for sure, sorry.</p>