Dartmouth's new policy

Colleges & Universities A-Z Cornell University
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<p>Dartmouth</a> News - Dartmouth announces new financial aid initiative - 01/22/08</p>

<p>Dartmouth has some new policies for financial aid:
1. Free tuition for students who come from families with annual incomes below $75,000
2. Replacing loans with scholarships
3. Need-blind admissions for international students
4. Junior leave term with no earnings expectation </p>

<p>Why has Cornell not done this?</p>

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<p>i am thinking that this is so because of the number of students that Cornell has.</p>

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<p>Cornell probably cannot afford to do so at this point. Dartmouth recently reached the $1 billion mark in donations and reached their goal, plus dartmouth has always had the largest (i believe) endowment in the ivy league outside of the big three. </p>

<p>Plus its about 10x smaller than cornell.</p>

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<p>why has Columbia not done this?</p>

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<p>It’s all about money per student.</p>

<p>How much do these schools spend on financial aid?</p>

<p>Harvard has a FinAid budget of $120 million for ~6000 students
Penn has a FinAid budget of $110 million for ~10,000 students.</p>

<p>Endowments must be considered relative to school size. Dartmouth has like 5 people. Cornell has roughly 1.3 jillion.</p>

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<p>[oh</a> no she didn’t](<a href=“http://web.cornell.edu/studentblogs/jenna/]oh”>http://web.cornell.edu/studentblogs/jenna/)</p>

<p>towards the bottom of the latest entry, it appears as if Cornell is making changes to their financial aid program as well. nothing set in stone yet.</p>

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<p>yup, probably the size.</p>

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<p>I think Cornell has to implement some change considering all other seven ivys have done the same. I have faith in Skorton..lol</p>

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<p>cornell should (hopefully) be doing something soon enough…i’d say within two years. i see a big jump in endowment at the end of 2008 (returns on the endowment are already pretty nice, and cornell has just raised $2 billion out of $4 billion for its capital campaign). the only question now is what this something is going to be?</p>

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<p>“1. Free tuition for students who come from families with annual incomes below $75,000”</p>

<p>OMG</p>

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</p>

<p>cool, so we should know about something new soon.</p>

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<p>Cornell may have a large student body, but that also means more people to make donations in the future, which should make it just as easy or difficult to give generous financial</p>

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<p>of course, alumni would be more willing to donate back to Cornell if they weren’t so in debt with student loans…</p>

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<p>48 hours! whoever hears something post a link up here quick</p>

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<p>And how much do you think the average alumnus gives back to Cornell in their lifetime?</p>

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<p>BTW: Here are the endowment figures:</p>

<p>Dartmouth endowment $ per student: $642,885
Cornell endowment $ per student: $273,976</p>

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<p>^ ouch..lol. I am praying that Cornell does something. At least eliminate loans, if that isnt too much to ask..lol</p>

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<p>Another article talking about President Skorton’s address of the “robust” financial aid plans:</p>

<p>[The</a> Diffident Ivy | The Cornell Daily Sun](<a href=“http://cornellsun.com/node/27035]The”>http://cornellsun.com/node/27035)</p>

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</p>

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<p>Here it is:</p>

<p>“By the 2009-2010 academic year, students whose families make less than $75,000 a year will receive grants in place of the traditional need-based loans, while those from families with incomes between $75,000 and $120,000 will see their loans capped at $3,000 a year.”</p>

<p><a href=“http://cornellsun.com/node/26757[/url]”>http://cornellsun.com/node/26757&lt;/a&gt;&lt;/p&gt;