<p>Does anybody know when we receive the actual ED financial aid package? The RD students got theirs back in April, and there’s the non-finalized one back in December that I got, but what about the final one? Thanks for replying</p>
<p>mathmomvt, if my assets slightly lower (estimating a few hundred to 5k), but I will not be a freshman next year, would my student contribution still rise?</p>
<p>The <em>minimum</em> student contribution rises each year (higher for sophomores than freshmen, etc.) If your assets are lower, that might offset the increase in the minimum.</p>
<p>@hyperlite how do you know if/when you would receive a refund from Cornell?</p>
<p>@jadore317: that all depends when your fa posts to to your account and if it’s more than the total bursar charges. </p>
<p>im not sure if you’ve taken accounting yet, but on your student center account you’ll see a list of debits (charges) and credits (payments). the bursar will charge you for tuition, room & board, etc. and these will show up in the left hand (debit) column.</p>
<p>then when fa posts to your account (diff then “pending fa”–an fa officer actually goes into your account and applies the pending fa to your charges), and posts your fa as payment in the right hand column ("credit). </p>
<p>if there is an excess of fa over charges due you will see the last entry marked “refund” and it will be in the credit column. that is the amount you would receive for a refund. </p>
<p>i had a private scholarship last year so i didnt receive a refund for quite some time (like months after school started) b/c cornell and the scholarship source were working out paperwork issues. </p>
<p>however, if all goes smoothly, you should receive a refund (i would think) within a few weeks of classes starting. <em>this is not for sure (obv), just my opinion of when i would personally expect my fa to clear if i was in your shoes. please dont use that timeline as a serious guideline, you will want to monitor your charges and contact fa for specific questions on your refund</em> i know it seems silly to put a disclaimer but i dont want you (or anyone) to think there is an exact timeline to fa. it really just all depends</p>