cornell financial aid question

<p>Cornell has the lowest relative endowment of any ivy league institution. It seems that they meet financial need with a lot more loans than do other ivies, so I was just wondering whether the education at Cornell (specifically the ILR school) is worth the cost. My family income is only around 60-70k, and assuming that my parents won't contribute more than 6-7k per year to my college costs, what do you think my debt would be by the time I graduate. If I decide not to/don't get into Cornell, I will probably end up going to U-M (in state tuition + lots of scholarships = close to or full ride). I am interested in economics/international relations/business/law. Is the quality of education/reputation between Cornell ILR and U-M worth the price difference? Thank you.</p>

<p>depends on what they think your EFC is, how much the government is giving you (and NYS). I had a really low EFC, lots of scholarships, so, I don't have any loans, and got around 28K from Cornell in grants, while my friend who graduated last yr had loans around 80K (she was an MA resident going to CALS). depends...</p>

<p>hmm I don't quite understand what that means... So are you saying that if the EFC is LOW, I will get MANY grants? What's NYS? Did you friend have a high EFC? And is that 28k per year?</p>