<p>I was wondering, if my parents are divorced and I only live with my mother, who makes less than 30k a year, how much will I have to pay for Cornell? Also, how does Cornell's no loan policy work?</p>
<p>FA at Cornell required both FAFSA and PROFILE app. which means both custodial and non custodial parents financial info has to be reported. Cornell will calculate both parents income and asset when they evaluate your FA package.</p>
<p>Also, Cornell does not have a “no loan” policy. You must be thinking of some other school. We have student loans. They aren’t huge, but we have them as part of our FA package.</p>
<p>My D has a no loan FA package at another school. At her school it doesn’t mean they don’t give student loans it means some students who qualify will not have a loan in their package, in essence graduating debt free. You will need to get info from Cornell but at our school they ask for the CSS and the FAFSA and they only use the parents income the student lives with. Its an incredible program if Cornell offers it. I know some of the ivies have something similar like Harvard, but I don’t know about Cornell. Good luck.</p>
<p>@mlbrown
Are you sure Cornell does not have a no-loan policy? I read an article on their website that said they did ([Cornell</a> affirms commitment to need-blind admissions and robust need-based aid | Cornell Chronicle](<a href=“Cornell affirms commitment to need-blind admissions and robust need-based aid | Cornell Chronicle”>Cornell affirms commitment to need-blind admissions and robust need-based aid | Cornell Chronicle), 3rd paragraph). Maybe this is something else?</p>
<p>Ah, if you mean that kids at the lowest income level get a free ride, sure. That’s true. Those of us in the mid-range get FA and the package includes loans. At Princeton, the package would include only grants. No loans at all. Some schools set it up so that there is only the parents’ and students’ contributions and grant money. No loans at all. Cornell does not do this. As you can see in the article you linked, there are small need-based loans included in the package. Some schools don’t use those at all. The numbers in that article are exactly what we have experienced. Cornell is quite generous. Some other ivies have even more funds to distribute and fewer students.</p>