12-03-2008, 10:20 AM
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| Cornell enhances financial aid program
Hopefully, this article will alleviate some stress prospective students/families are feeling now. Cornell Chronicle: Cornell enhances financial aid program Quote: Cornell Chronicle Online
Nov. 13, 2008
CU recommits to need-based financial aid for undergrads
On the heels of an initiative announced just 10 months ago that greatly reduced student loan burdens, Cornell has announced that it will further bolster its financial aid program for undergraduate students by eliminating parental contribution for family incomes below $60,000, and further reducing student loans.
Together with work-study and other grant programs already in place, Cornell's neediest students will graduate debt free.
"In the current volatile and difficult economic circumstances, many current and prospective college students and their families are concerned about the affordability of a university education. Particularly at this unsettling time, Cornell must open its doors even wider," said President David J. Skorton.
"Our new policy will allow students, despite the current economic conditions, to be able to choose Cornell and to thrive here. With these enhancements, we will have the best chance each year to attract the strongest class," said Interim Provost David Harris.
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