Fin Aid at Cornell

<p>If my family can only contribute $15,000/year in maximum but the Fin Aid for Cornell is insufficient (my family has to contribute $17,000/year) so can I apply for RD when I do not break ED Cornell? Do I have to break ED before apply for RD because I am afraid that if I don't break ED early enough, my RD- schools will reject me. Any comments?</p>

<p>How other colleges are going to find out that you are applying ED to Cornell? I am applying ED to Cornell and EA to other schools. Is this something we need to worry about?</p>

<p>You can apply ED to one school and EA to as many others as you want, but if you get in ED, you are bound to the agreement. </p>

<p>Cornell usually returns FinAid for ED around the same time as decisions come out (mid december), so technically if you really need to, you could break ED and still apply RD to other places by January.</p>

<p>I am also applying EA to another school. Would that “college #2” know that I’m applying to Cornell ED? I heard somewhere that colleges don’t like to admit students who put other colleges as their first choice, in my case Cornell. If this is the truth and I don’t get into Cornell, while “college #2” rejects me, I am basically out of colleges I really want to go to. Please tell me that this is not true.</p>

<p>I would suggest you post this on the parent thread because this is a topic that comes up often.</p>

<p>Have your parents run an EFC calculation? If not than I suggest that you do before you apply ED. The only schools that you really could apply to other than your ED school would be those with rolling decisions such as state schools. Usually students get those decisions back before they even apply ED or shortly afterward. Students are expected to withdraw all applications when they apply ED. As far as other schools knowing that you have an ED school application, your GC knows and she should not be putting out any other packages for you once you apply ED. By the time you withdraw from an ED school for financial reasons you are left with very little time to apply. I also may add that if Cornell does not provide you with the aid you think you need than neither will any other school. Cornell is very generous with their financial aid for students who really need it. You should take a look at their financial aid website and you will get a pretty good idea of the income that receives aid.</p>

<p>thank you momma-three. I am familiar with the financial aid Cornell has for students. </p>

<p>I am applying to both schools and my GC is not going to tell the other college about me applying ED to Cornell (is this what you are trying to say?). All I want to do is to apply ED to Cornell and EA to another college so that in case Cornell rejects me I will still have a good fin aid package from another college (I’m 99% positive they will accept me and they have more money if I apply EA).</p>

<p>You can do that as long as you only have 1 ED, in this case Cornell. If Cornell accepts you, you have to go, even if the EA gives you more money.</p>

<p>Is it true that you can back out of ED if you have no ability to pay?</p>

<p>superexcited, yes. A representative from Cornell told me exactly that. That’s why I decided to apply ED.</p>

<p>Same question with babyboom
I heard that a list of ED admitted will be shared by some schools (like other Ivies). If I am not provided with enough aid and I submitted my RD application before the ED + Fin aid results are released, then if I want to be accepted by other Ivies, do I have to withdraw my ED or I just have to wait? Because if I don’t withdraw ED, I am likely to be turned down by RD schools right?
When the difference between my EFC and the aid Cornell provides is very small, so I want to apply RD and compare aid before making decision. Because Cornell does not still give me sufficient aid ( less than my EFC a little) so I can break ED?</p>

<p>ED agreements should not be entered into lightly. There is a reason you sign your name to it. To the poster above…it is said that the list of ED applicants are shared among the Ivy’s. My kids already had safety schools submitted when they applied ED so they withdrew from those schools as soon as they heard from Cornell. </p>

<p>Again, I could tell you that the aid you receive at Cornell will not be any different from the other Ivy’s. Cornell will expect you to contribute a set ammount each year from your summer earnings to your tuition even if you are on a complete full ride. This is very doable and does not create a hardship. If you can’t make the summer earnings you have the option of taking out a loan. The summer earnings is not unrealistic. </p>

<p>Superexcited…If Cornell does not offer you any FA than neither will any other school. You should know your EFC before you apply ED to any school. I could also tell you that many students will fair better financially at Cornell than they would at their own instate schools.</p>

<p>Being a grand or two off from your EFC is not a reason to break your ED agreement. The only time I’ve ever heard of ED being broken is if you significantly cannot pay, as in 10k or more off, and even then it’s not simply “I’m sorry, I’m breaking ED”</p>

<p>momma three: I am an international student so the aid is VERY limited
Chendrix: thanks :D</p>

<p>babyboom…I do not know what the international student policy is for financial aid at Cornell but if it is not said to meet full need for internationals than you should not apply ED. This is a spot that another student could have and should not be taken by someone who would decline. The ED agreement is like a gentlemens handshake and we all know that is something to honor.</p>

<p>@momma: I read from a couple of threads that Cornell’s aid was smaller than that offered by other similar ranking schools. Any ideas on that?</p>

<p>I know that Cornell insists that students contribute what they refer to as summer earnings. Of course this money can be made at any time of the year. I believe the first years are expected to pay about $2,400. It goes up to $3,200 in the senior year. Check the website under student contribution to check on those amounts.
My sons have friends that are attending five other Ivy’s and some other top schools and of course everyones financial situation is different so no one really knows because it would be like comparing apples to oranges. I know that Cornell will meet full need if you meet their criteria for full aid (look at the income for full need). Our experience has been very satisfactory and I do not believe any other school would have been more generous. Our son at MIT did not receive as much as our sons at Cornell when we had all three in school at the same time and when we had four in school Cornell still provided more aid than MIT. My daughters school gave the least and she attended a LAC. I do not think a student who really needs would be disapointed by the generous aid at Cornell. Have you run your EFC calculator?</p>

<p>Usually, colleges do kind of accept a withdrawal from the ED contract if it is for financial reasons, that let’s say you cannot possible pay the bills. And if they want to keep you, they’d better up the financial aid.</p>

<p>^Cornell does not need anyone, there are plenty of students who would love that spot. However if someone breaks the ED agreement it will not be so easy to break and than submit to other schools in a timely manner.</p>