<p>So, I had heard that there was a predicted acceptance rathe of 18%, because they assumed that Cornell would admit as many people as last year, expecting a yield of 50%. But, today I heard from a friend that Washington University in St. Louis's acceptance rate was about 6% (Which I think is wrong, but you know), so I got to thinking. If colleges who usually 'take students away' from Cornell have incredibly low acceptance rates, then those rejected from those school will want to go to Cornell, so Cornell will see an increase in yield. No?</p>
<p>I think there are way too many variables to account for...</p>
<p>The whole 6% thing comes from when colleges say had like the had so many aplicants for so many spots in the class, not how many the took, but how many will eventually attend.</p>
<p>WUSTL's 6% is not its acceptance rate. If I'm not mistaken, it is the predicted number of students actually attending out of the number applied. Taken into consideration of its yield, it acceptance rate should be somewhere around 20% (probably higher).</p>
<p>I believe Cornell will have a higher acceptance rate or at least one that's about the same as the year b4. Yes the number of applicants increased, but since schools like Harvard don't have ED anymore, many applicants waited till RD. So there's probably a large number of ppl giving up Cornell for "more prestigious" schools after the results are out. Thus the yield will likely go down. </p>
<p>O well, maybe it's just my wishful thinking...</p>
<ul>
<li>O yeah and there's another factor that's probably going to affect (decrease) Cornell's yield. Stanford, Harvard, Yale(?), and some other schools have made tuition more affordable this year for students from families of mid/low income. I don't think I've heard about Cornell doing the same...</li>
</ul>
<p>Cornell has now eliminated loans for students with parents making less than $75,000 and has capped loans at $3000 per year for students with parental income between $75,000 and $120,000</p>
<p>Thank dewdrop87~~ It's really helpful. ^_^</p>
<p>can someone please elaborate? i don't really understand. so, since my parents fall in the second category, our loans will be capped at $3000. is this bad or good? so just say that after fafsa, our estimated family contribution is $30,000 (hypothetical) then, we get $3000 in loans. So, for the other $15,000+, where and how do i get that money since ivies don't offer too many scholarships?</p>
<p>Ivies give a lot of grants but only need-based, not merit-based.</p>
<p>so grants are interest-free, and never need to be paid back right? it's basically "Free" money !?</p>
<p>grants= money you never have to pay back. Essentially free money, yes.</p>
<p>Yeah, the University of Miami has 2,000 spots with 20,000 applicants but that does not mean they have a 10% acceptance rate...lol</p>
<p>Cornell didn't put a cap on parents contribution so if Cornell judges your parents contribution to be $15,000 then your parents will have to pay that much money. Cornell put that cap on student loan. So after your parents contribution, the maximum amount of loan you will be given in your financial aid package depends on which category you are in and then the rest is covered in grants! If you didn't understand what i wrote, then if you want i can provide you with an example.</p>
<p>Here's a general breakdown...I've rounded numbers for my own ease :-)</p>
<p>Cornell tuition (endowed college): $45,000
Parent contribution: $20,000
Student contribution (based on your personal assets): $2,000</p>
<p>$45,000-$20,000-$2,000 = your net need of $23,000</p>
<p>Say your parents make $100,000....you will theoretically only need to borrow $3,000, the remaining $20,000 would be given to you as a grant. </p>
<p>However, if your parents and you cannot physically pay your contribution you may turn to other options. You can borrow non-need based federal loans, PLUS loan (for parents contrib.) or, less ideally private loans. </p>
<p>So...the $3,000 cap is for need-based awards. If you can't pay the parent/student portion you will need to borrow more.</p>
<p>dewdrop87, yousonofatree, and biophilic---THANKS! you guys are really helpful. So, this is great news because it dramatically reduces costs/debts after graduation! Awesome.</p>
<p>This obsession of acceptance rates is absurd. A bunch of monkeys could apply to a school just to see if they get in, and that would decrease the percent accepted and make a school look more prestigious.</p>
<p>If a school like Cornell is much larger than and less well known than a school like Harvard, a relative fewer will apply and more will be accepted.</p>
<p>"If a school like Cornell is much larger than and less well known than a school like Harvard, a relative fewer will apply and more will be accepted."</p>
<p>except i don't see how 5k (give or take) more applicants in any given year equals to "a relative fewer." and, counting graduate enrollment, cornell and harvard virtually have the same number of students.</p>
<p>They mean RELATIVELY fewer. That means that you use a proportion. Harvard has more applicants/spot in class.</p>
<p>"except i don't see how 5k (give or take) more applicants in any given year equals to "a relative fewer." and, counting graduate enrollment, cornell and harvard virtually have the same number of students."</p>
<p>Because Cornell has over 11,000 undergraduates and Harvard has I believe about 4,000.</p>