<p>I just got my fiancial aid decision today through email. My parents earn 38,000 per year, and Cornell gave me 25k in grants and 10k in loans. My parents are expected to pay 10k per year. I can live with it, but I am just wondering what everyone else think about this? Did I get a generous package or a stingy one?</p>
<p>I don't really know how to interpret it.</p>
<p>25,000 is a generous grant. But 10k in loans isn't stellar, but it's not bad considering they're giving you a lot of grant... If you apply for some outside scholarships, you might be able to chip away at those loans a little bit.</p>
<p>Well do you own a home or an apartment? Do you have money in the bank? Do you own a car? These things are factors you know. My parents make about the same and I got far more grant money and way less loans, but we have ZERO assets.</p>
<p>I think you probably have a lot more assets, Bibsburg. </p>
<p>My parents earn ~$65k a year, and I got $22k grants and $12k in loans. And like bongoboy, we have no assets.</p>
<p>I have no house, a car worth about 2k, and about 20k in bank. There is no other investment or stuff in the bank.</p>
<p>Yeah... we don't have $20k in the bank lol.</p>
<p>Ok, here's the plan: Take out the money from the bank, put it in a shoebox, and stuff it under the bed. Just pray that nothing will eat it up =D.</p>
<p>This sucks :(, kinda wishing my parents didn't save up any money lol.</p>
<p>not a bad package</p>
<p>well my parents make about the same amount of money and i got abt 35k (in which 4k is from Cornell Tradition)in grants/scholarships and only 4k of loans</p>
<p>That's a fairly crappy FA package (not surprising coming from Cornell). 10K in loans when your parents only make 38,000 is a lot.</p>
<p>I am a Canadian Citizen though so I think that makes some difference. For example, the cost of living is lower for me. Also, I don't qualify for some grants like the Pell Grant etc.</p>