<p>i don't come from one of those rich families, just an average middle class family. considering that my scores and ECs as well as other factors are good for Cornell, will i be able to qualify for financial aid or something..? i don't want to go to some crappy community college [that is willing to give me free tution]..Cornell's my dream school but i hope i can pay for it =[</p>
<p>idk, but i think if one has a family income under 60,000, its free</p>
<p>^^It's not exactly free. Yes...the student's need-based loans are replaced entirely with grant money...but there is still the family contribution that Cornell will calculate. Cornell calculates a student contribution based on any savings and the assumption that you will work before you go to college to earn money. Cornell then calculates an expected family contribution based on income and assets (owning a home, car, personal and retirement savings). If Cornell determines that your family can contribute money to your education...then you will probably need a loan if the amount is significant.</p>
<p>So...even though the new FA policy is much better than when I was a Cornell student...it's not always free.</p>
<p>I'm new here.. Been surfing through the forum for a while a guest but finally decided to register..
Anyways, I too have some questions regarding Cornell FA.</p>
<p>My parents have total income of around $35000 total. Assuming that we have around 300k in assets (house, car) and 2 siblings getting ready to go to college, how much FA in total would I receive? I've heard that income <$60,000 gets free tuition but i know that there is more to expected cost than tuition.
I did a rough calculation of EFC using the collegeboard's calculator and EFC came out to be $0. So I'm wondering, what is a rough-good estimate of Cornell's FA in my situation? What would be the expected student contribution?</p>
<p>thx in advance</p>
<p>Oh and I EDed CoE.. would like to chance later.. but i'm optimistic about my chances :D It's always good to think positively</p>
<p>using the online calculators to figure out your EFC is pretty accurate as long as you use the most current information as reported on your tax returns...</p>
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What would be the expected student contribution?
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<p>Student contribution is based on your own assets...but there is a summer savings expectation (ie Cornell expects you to find summer employment) and you will more than likely be given federal work study which you can use to find a job on campus....I think the freshman maximum for that is around $1,800.</p>