Cornell Financial Aid?

Paying for College
1

<p>So, I've read that if I applied under the ED policy,
I am binded to that institution if I am accepted, even though I may not like the amount of financial aid they give me. </p>

<p>Is this the same case for Cornell University? How is Cornell generall in giving Financial aids? Does it consist of lot of loans? </p>

<p>I am really curious because I have applied early decision to Cornell, but I am not sure if they will meet my needs...
My parents make about $70,000 income...
I know it will be different for every family circumstance, how much (very roughly) and what kind of aid could I expect from Cornell?</p>

2

<p>you can expect very little financial aid. 60,000 is the cutoff for top schools at which you'll get a substantial amount of financial aid.</p>

3

<p>My family income is < $10,000 per year. How much of financial aid might I get? (if I am admitted)</p>

4

<p>aww... really? i once looked at the UPenn site, and it said the average award for 60 - 70K income was $35700 or something... so I was wondering if Cornell was generous as UPenn...</p>

5

<p>People with incomes over $100,000 can get aid; there are other factors such as number of people in family, savings, illness or disability etc. that are considered. It is possible Cornell would give you $35,000. Too late now, I know but you shouldn't apply ED if the financial aid is a huge issue. Lots of websites have EFC estimates for FAFSA and CSS, google "financial aid calculator"</p>

6

<p>Here's Cornell's financial aid page.
<a href="http://finaid.cornell.edu/Prospective/Prospective.htm%5B/url%5D"&gt;http://finaid.cornell.edu/Prospective/Prospective.htm&lt;/a&gt;&lt;/p>

7

<p>If your family makes like 70,000
I'm guessing about 30,000 in grants, like 15k in loans or something and maybe the rest is EFC</p>

<p>"PURE GUESS"</p>

8

<p>I would expect you would end up paying about $5000 a year plus or minus a few thousand.</p>

9

<p>You have completed all the Cornell Finaid forms, correct? The finaid application and profile are due by November 1. What is your efc?</p>