<p>Hi,
I've been accepted as a transfer student to an ivy league university (cornell), but I received a horrible financial aid package.
I have an EFC of 0, yet cornell expects a parent contribution of about $8,200, a summer savings expectation of $2,700, and over $12,000 in loans/work study. The only grants I received were the nys tap and pell grants which total about $9,000.
Is this a mistake? There is no way my family can afford this and I won't be able to attend with this financial aid package. How could the college calculate such numbers? My parents dont have much savings, nor any assets,bonds,businesses, etc at all. I am planning to appeal to the fin aid office. How should I go about this?
Thank you.</p>
<p>you could call them but truth is Cornell is not known for great aid and I believe it is even worse for transfers.
Many kids do not go there for financial reasons. We appealed (met directly with financial aid rep at admitted students day) but no change (all loans).
So d went elsewhere.
But sure, give them a call. Can't hurt.</p>
<p>is the 0 EFC your FAFSA efc? Cornell uses profile, I believe, which looks at other financial items not on the FAFSA and so the EFC is generally higher -- couple that with poor financial aid for transfers and the package sounds maybe a little high -- but not outrageous.</p>
<p>The loans/work study sound high -- did they give both stafford and perkins?</p>
<p>Yes they did give me stafford and perkins in addition to a university loan.
My fafsa efc was 0 and i think my profile efc was 0 too because my parents have a low income.
It is very disappointing to have worked so hard in the past years and be accepted, only to have financial problems prevent me from attending my dream school.
Thanks for the responses.</p>