<p>I know I'm responsible for earning $2000-something this summer to help finance my Cornell education, but I was wondering if this amount goes directly to my tuition. My family thought it might be saved for spending money at school that I could use on toiletries, books and whatnot. Have any current students had to earn a certain amount over the summer? Did you write one giant check and turn it over? Needless to say I'm feeling like a slave to tuition at the moment. Any info would be greatly appreciated!</p>
<p>The way billing works at Cornell is that what you owe is charged to your Bursar account. Everyone has one. Then it basically works like a credit card, at the end of every month there's an interest charge. If you don't pay enough then you are considered an unregistered student. If this last long enough say into November then you are kicked out. You don't have to work over the summer. You're just responsible for paying for that two grand, be it from loans, check, or otherwise.</p>
<p>if you feel that you can't pay the $2000 you can contact the financial aid office, and they will add another loan to your package.</p>
<p>So it sucks, but they're basically laying out your resources so you have a plan of payment for tuition.</p>
<p>The financial aid info that Cornell gives is the most comprehensive out of any school I applied to. I really like how they outline where they expect all the funds to come from, they also seem very straight forward and down to earth.</p>
<p>Cornell is not cheap, you'll have to make some sacrifices. . . .but I think it's worth it. I see you're going be a hotelie, I can think of no better place to be for hotel management than Cornell, so it seems like cornell is worth it.</p>
<p>on cornell finaid website they say they can give you some other financial aid to compensate if you can't make that much. So say if I earn 1400 during the summer and then will they aid 600 more to my loans?</p>
<p>From what I can gather, that's how it works. I'm strongly considering holding onto the money myself and just adding the majority of it to loans. I'm not a huge spender, but that way I'll have a couple thousand there for me in case I need it for an spending money at school. In the end, most of it will probably still be there to pay off my loans in 4 years.</p>
<p>please name which loans that cornell offers have no interest (while attending school etc)? Which loans have interest? how much interest (%)?</p>
<p>so in hotellie's situation 2 posts above, does cornell let you do that? (holding on to your own money even if you make 2,3K and demand a loan)?</p>
<p>Most likely you'll just say that you can't find a job and can't make the $2000 and I'm sure the FA office will take on some loans (won't be interest-free though).</p>
<p>All loans have interest. The only way you'll get a subsidized loan is from the federal government and those loans are not worth much.</p>
<p>You're not "demanding a loan". You decide how you finance your eduation, there just have to be loans (of your choice) to replace that amount. I might just end up paying it, but $2020 seems very high considering the amount of money someone my age can make. I'll stop complaining now, I <3 Cornell! Woohoo! :)</p>