<p>Hey everyone,
I just got accepted into CALS last week and I don't think everything has settled in yet....and I think it's because of the financial aid. I have done research and found that Cornell claims to "eliminate family contribution" for families that make under $75k. While my family makes around $60k, we do have a significant fund in the bank from selling property a few years ago...and we answered one of the questions asking how much we were willing to pay each year was $15k. The thought that Cornell will really "eliminate" all family contributions for families making under 75k is so amazing its hard to believe....so I was wondering if anyone here that has qualified for such aid and actually received it? What were the loopholes/exceptions/etc? What exactly did it cost? Just tuition?</p>
<p>Schools that promise to eliminate family contributions for incomes below certain amounts do usually add a caveat that assets will also be taken into account. Cornell specifies that the elimination of the parent contribution requires income below $60k and that assets must be under $100k.</p>
<p>[Undergraduate</a> Admissions noncustodial parent](<a href=“http://www.admissions.cornell.edu/blog/index.php/tag/noncustodial-parent/]Undergraduate”>http://www.admissions.cornell.edu/blog/index.php/tag/noncustodial-parent/)</p>
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<p>Is home equity an asset for Cornell?</p>