Welcome to College Confidential!

The leading college-bound community on the web

Sign Up For Free

Join for FREE, and start talking with other members, weighing in on community polls, and more.

Also, by registering and logging in you'll see fewer ads and pesky welcome messages (like this one!)

As a CC member, you can:

Dartmouth's new policy

farahe221farahe221 Posts: 65User Awaiting Email Confirmation Junior Member
edited January 2008 in Cornell University
Dartmouth News - Dartmouth announces new financial aid initiative - 01/22/08

Dartmouth has some new policies for financial aid:
1. Free tuition for students who come from families with annual incomes below $75,000
2. Replacing loans with scholarships
3. Need-blind admissions for international students
4. Junior leave term with no earnings expectation


Why has Cornell not done this?
Post edited by farahe221 on
«1

Replies to: Dartmouth's new policy

  • Dennis173Dennis173 Posts: 868Registered User Member
    i am thinking that this is so because of the number of students that Cornell has.
  • -Lurker--Lurker- Posts: 1,420Registered User Senior Member
    Cornell probably cannot afford to do so at this point. Dartmouth recently reached the $1 billion mark in donations and reached their goal, plus dartmouth has always had the largest (i believe) endowment in the ivy league outside of the big three.

    Plus its about 10x smaller than cornell.
  • ColumbiaLoverColumbiaLover Posts: 141Registered User Junior Member
    why has Columbia not done this?
  • ilovebagelsilovebagels Posts: 3,499Registered User Senior Member
    It's all about money per student.

    How much do these schools spend on financial aid?

    Harvard has a FinAid budget of $120 million for ~6000 students
    Penn has a FinAid budget of $110 million for ~10,000 students.

    Endowments must be considered relative to school size. Dartmouth has like 5 people. Cornell has roughly 1.3 jillion.
  • afchang23afchang23 Posts: 344Registered User Member
    oh no she didn’t

    towards the bottom of the latest entry, it appears as if Cornell is making changes to their financial aid program as well. nothing set in stone yet.
  • FellowCCViewerFellowCCViewer Posts: 3,777Registered User Senior Member
    yup, probably the size.
  • Dennis173Dennis173 Posts: 868Registered User Member
    I think Cornell has to implement some change considering all other seven ivys have done the same. I have faith in Skorton..lol
  • mrsopresidentmrsopresident Posts: 388Registered User Member
    cornell should (hopefully) be doing something soon enough...i'd say within two years. i see a big jump in endowment at the end of 2008 (returns on the endowment are already pretty nice, and cornell has just raised $2 billion out of $4 billion for its capital campaign). the only question now is what this something is going to be?
  • hpmbshpmbs Posts: 291Registered User Junior Member
    "1. Free tuition for students who come from families with annual incomes below $75,000"

    OMG
  • yousonofatreeyousonofatree Posts: 1,358Registered User Senior Member
    So, due in part to the massive amount of money raised by the Far Above campaign, Skorton told us tonight that some big, “robust” changes were being made to Cornell’s financial aid program. Details are going to be released to the Sun in the next 48 hours.

    cool, so we should know about something new soon.
  • rch855rch855 Posts: 80Registered User Junior Member
    Cornell may have a large student body, but that also means more people to make donations in the future, which should make it just as easy or difficult to give generous financial
  • yousonofatreeyousonofatree Posts: 1,358Registered User Senior Member
    of course, alumni would be more willing to donate back to Cornell if they weren't so in debt with student loans....
  • farahe221farahe221 Posts: 65User Awaiting Email Confirmation Junior Member
    48 hours! whoever hears something post a link up here quick
  • norcalguynorcalguy Posts: 7,541Registered User Senior Member
    Cornell may have a large student body, but that also means more people to make donations in the future, which should make it just as easy or difficult to give generous financial

    And how much do you think the average alumnus gives back to Cornell in their lifetime?
  • norcalguynorcalguy Posts: 7,541Registered User Senior Member
    BTW: Here are the endowment figures:

    Dartmouth endowment $ per student: $642,885
    Cornell endowment $ per student: $273,976
«1
Sign In or Register to comment.