Financial Aid at Cornell

<p>Does Cornell have the same financial aid program as some other ivies? where if your family income is below a certain level your college education is free?</p>

<p>If so, I might ED Cornell.</p>

<p>Cornell does not offer full tutition once your family income is below a certain level, but I read some where Cornell is moving towards that. I think Yale has that and maybe one or two other Ivies.</p>

<p>yg18 is right, Cornell has income limits for students that earn full tuition scholarships.</p>

<p>Um Cornell is need blind and meets 100% financial need...but the difference between it and some other schools would be the grant/loan ratio. I can think of some other Ivies that do offer more grants, but Cornell's environment is completely different from those schools...</p>

<p>taking these words out of the paragraph - NEED BLIND (except for internationals) and ONE HUNDRED PERCENT FINANCIAL NEED MET </p>

<p>If anyone doesn't believe I decided to go and grab a quote from a site ..."Average percent of need met: 100%"</p>

<p>so Cornell, like all other schools, has great success stories with aid and those sad ones where they gave too many loans. It becomes a game of luck at a certain point...</p>

<p>Mine package was pretty bad. Family makes like 20K, we got 4 people in family. I got 11.5K in loans, but my parents almost dont pay anything. In contrast, Berkeley gave me like 7-8K in loans with the same parent contribution. So I agree that it is skewed towards loans, but still considering the cost of Cornell the package is pretty good. I'm sure it will be worth it in the end.</p>

<p>
[quote]
NEED BLIND (except for internationals)

[/quote]

contrary to popular belief, cornell is need blind towards internationals
its just they rarely meet ANY need :P</p>

<p>y17k is right. Cornell is need-blind to int'ls.</p>

<p>No, Cornell hasn't instituted such a policy. I believe that Harvard, Yale, UPenn, Princeton, and Brown have such policies under way. I might be wrong about Princeton and Brown but I think I remember reading that about those schools. Cornell will probably follow suit sooner than later to stay in competition with the other Ivies. As it stands, if you make very little, you will get good aid, just not aid that is quite as good as some of the other Ivies.</p>

<p>I sure hope Cornell had the same financial aid initiative that Harvard did. If so, I wouldn't pay a dime. As it stands, my mom has to pay 15,000 and I have to pay 10,000 in loans/work study. My mom only makes 50,000 too, so it's going to be tough on her.</p>

<p>I'm sure u will do amazing and make your mom proud!</p>

<p>My family income is about 23,000. And there's five of us. polo1A, I do not see what you're complaining about...</p>

<p>Although $50,000 isn't exactly a bad income, I think he's talking about the whole single mother type of issue; must be a stressful thing. You can't really compare stuff like this, because ur situation is also VERY stressful!</p>

<p>iwant2go2college, I'm not exactly complaining. We have a good income, we've never really lacked anything. But my mom is 57 years old, single, and has not really saved for her retirement. For her to have to pay 30% of her income stresses me out. No doubt your situation is tough too, but there's no reason to try to compare our situations, because everyone is different. Plus, wouldn't you want Cornell to have the same financial aid policies as Harvard?</p>

<p>My parents also do not have anything in the bank, my sister is the 1st to go college and my parents will be attributing absolutely nothing...not that I blame them or anything, so she's going to be graduating with about 100,000 in loans, and yeah, she's still struggling to get some loans approved and such. But hopefully I'll get into Cornell and Cornell will start that same fin. aid policy, and your loans will become grants and we'll both go to Cornell for free : D</p>

<p>I sincerely believe that Cornell will institute a similar policy. Penn's per capita endowment is not much higher than Cornell's. They're almost the same. If Penn can afford to do it, Cornell should too.</p>

<p>Does that mean that financial aid would get better for ALL students, including students who would then be on financial aid? Or would the financial aid only be better for incoming freshmen?</p>

<p>It would probably get better for all students.</p>

<p>Cornell's grant-to-loan ratio isn't so good. My offer from them was bad and was one of the main reasons I turned them down. Princeton on the other hand has a no-loan policy for ALL students regardless of financial necessity. Princeton just replaces what would have been loans with more Princeton grants. That was one of the most significant factors in my decision to enroll at Princeton this fall.</p>

<p>Good luck to you Cornellians and other Ivy League students. :)</p>