Student Contribution

Colleges and Universities A-Z Cornell University
1

<p>How does this work? How and when do you pay for it, or actually contribute this amount toward school? ANd waht happens if a person doesn't get a job, and therefore has no summer savings? what do they do then?</p>

2

<p>Edit: Don't mind me. I don't know what I'm talking about.</p>

3

<p>The student contribution and Employment Earning Expectation are two different components of the FA package.</p>

<p>The student contribution is typically based on the student's assets (savings, trust fund...stuff like that). So if you reported on FAFSA, Profile or Cornell forms that you have savings...then you will be "expected" to use them. If you can't contribute that amount and you still need to pay tuition and room/board costs...you can take out a loan.</p>

4

<p>what if I really don't want a loan because my previous school drowns everyone in loans, where I already am $5,500 in debt? can i pay my student contribution monthly?</p>

5

<p>There is a monthly payment plan offered by Sallie Mae if I remember correctly. It divides up your huge bursar bill into smaller chunks. Free of interest.</p>

<p><a href="https://secure.tuitionpay.com/cgi-bin/WebObjects/TuitionPay.woa/wa/setSchool?ficeNo=002711%5B/url%5D"&gt;https://secure.tuitionpay.com/cgi-bin/WebObjects/TuitionPay.woa/wa/setSchool?ficeNo=002711&lt;/a&gt;&lt;/p>

6

<ol>
<li><p>Did you receive aid from Cornell?</p></li>
<li><p>Have you been billed for tuition and room/board yet?</p></li>
</ol>

<p>You might not need to pay your contribution...somehow, my aid from Cornell and parent contribution (which I used a loan for) covered my costs and I didn't have to make good on my student contribution. Anyway...the payment plan Kyt linked you to is great if you need to use it. </p>

<p>Hope you get everything worked out!!</p>

<p>btw...not to be a brat...but $5,500 of debt after 1 year isn't that bad :-)</p>

7

<p>for the summer savings expectation...you can fill out a SSE adjustment form available on finaid.cornell.edu</p>

8

<p>How much is your student contribution? </p>

<p>For example..mine was almost $3,000. Thing is, it includes books, travel, ect. So if your other aid is enough to cover tuition, dorm, and meal plan, then you won't actually pay the bursar office the student contribution. It just means they won't give you money for books and stuff.</p>

<p>Hope I explained that..correctly. It makes sense in my head..lol.</p>

9

<p>yup, thanks soccer guy, that makes sense!</p>

<p>my student contribution is $2840. yeah my aid covers tuition, dorm and meal plan, fortunately</p>

10

<p>Okay then - that's just like mine. Student contribution is $2840, but we don't actually have to pay them that cause it would just be..like..money we would use for books and stuff, so we'll probably use a lot less, lol.</p>

11

<p>Every year I just take out a loan for my Student savings contribution cause I know that I will never make enough money during the summer to cover it and cause I'm lazy and I don't like working. though I have a job during the school year</p>