Question about financial aid

Colleges and Universities A-Z Cornell University
1

<p>Hi, a friend of mine got accepted to Cornell, and although her FAFSA report says her EFC is $14000, her CSS-PROFILE suggests a parent contribution of $6000 and a student contribution of $2000 (even though she has never worked and has like $50 in her account). Cornell’s FA is amazing ($40000 in grants), as some of you know, but how much will the FAFSA report affect the aid given. Also, Cornell used the 2007 tax returns instead of the 2008 one and has asked her to send the 2008 tax returns. The increase in income from 2007 to 2008 is about $15000. How much will this affect the final financial aid report? </p>

<p>Thanks to all who reply.</p>

2

<p>Every student has a self-help contribution of $2000 for expected summer work, even if they have never worked a day in their life.</p>

<p>Cornell will likely side closer to the FAFSA profile, as Cornell considers equity in one’s home.</p>

<p>Don’t know what the marginal expected parental contribution is per additional dollar of income. It might be as high as 50 cents, after taxes.</p>