<p>I am going to submit my application into Cornell this weekend. I have an ACT score of 32 and a 3.9 GPA. My parents have two children and I am the oldest. My family makes around $50000 a year. Does anyone have a rough estimate on how much I will receive? Im from the US.</p>
<p>Financial aid is need based, not merit based. There are a lot of other factors to be taken into consideration besides your parents’ income. I think your best bet would be to gather some tax forms and fill out their financial aid calculator on their website</p>
<p>If you go through the financial aid forms, you should have a free ride by Cornell’s offer to low-income students.</p>
<p>I plan to do the same. Also may still receive TAP/Pell grants.</p>
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<p>It also depends on savings and assets, but if I had to guess, I think your EFC would be between 0-10,000. Most likely on the lower end but it will depend.</p>
<p>Unless your family has significant assets, I would also guess you’d get a near-free ride (with some manageable loans).</p>
<p>Following up on Mikey’s comment:<br>
“Under the plan that begins in 2013, students with family incomes between $60,000 and $75,000 will get financial aid packages with loans capped at $2,500 annually. The cap is $5,000 a year for those with incomes between $75,000 to $120,000.”</p>
<p>Now, this is from a Business Week article and not directly from Cornell’s website. Here is the article in case anyone wants to read more:[Cornell</a>, MIT Scale Back Aid Even as Endowments Rise - Businessweek](<a href=“Bloomberg - Are you a robot?”>Bloomberg - Are you a robot?)</p>
<p>if ur EFC is 0, u the student is expected to pay about 3000 or more. u won’t be attending for free.</p>