barron123

post hear when you receive your financial aid award. Also post what state you are from and how much you are receiving.

Wing Commander

I got waitlisted for Financial Aid at Cornell!! Imagine my shock after getting the only acceptance from Cornell, after getting waitlisted at MIT and Caltech, only to be waitlisted again for finaid. I'm an international though, so that my have tilted things against me.

dewdrop87

waitlisted for FA?? I've never heard of that....what does it mean?

CayugaRed2005

It means that if they end up having additional money to use for financial aid purposes he will be able to be considered for funding. It's pretty common for international applicants.

dewdrop87

ohhhhh...ok. thanks for the info!

nuitsansetoiles

Here's how much they're willing to offer: $0.00

Geez. We're not that rich. Might as well have been rejected.

drnoeyedea

^you got the fin aid letter already? i havent gotten anything yet except the big red cornell acceptance packet

nuitsansetoiles

It just came in the mail today.

How come I don't qualify for aid? Being middle-class really, really sucks.

barron123

nuitsansetoiles, if you don't mind sharing, what range is your family's income? I'm really paranoid that I'm not going to receive anything from Cornell.

TarHeel3007

what is up w/cornell? my firend says they have more $ than NU + Duke, but how does he get $0 from cornell and like $10 from each of the others

norcalguy

Posting your income along w/ EFC would help.

dewdrop87

I mentioned in another thread that Cornell has a lot of students and so they rely heavily on parents and student contribution. If your parents have a decent income and assets, you will likely have a high EFC. If you have assets (trust fund, personal savings etc...) those will factored in as well. You are also expected to contribute money so if all of these assets add up to more than the cost of attendance you will not be offered aid.

CayugaRed2005

Duke and Northwestern definitely have more endowment money available for financial aid than Cornell. Cornell has more students, and more students who need financial aid, so the money has to get spread out a little bit more. Unfortunately.

Skramata

Got my Cornell FA package today. Both Johns Hopkins and Columbia had said that my family's contribution was 10K more than we calculated, so my family was on the verge of freaking out. Cornell's FA arrives, and lo and behold, the parents' contribution is equal to our calculated EFC. Cornell has definitely risen in our esteem.

However, a lot of the package is in loans (understandable considering student body size), so we'd still be paying the same amount no matter which of the three schools I went to (>.>) However, the fact that our EFCs matched was just freakin' amazing.

Accepted into CALS & from NY
COA: $33,956

Income: $106K
Profile EFC (SAR): $9,000
CollegeBoard EFC: about $13,000 (father in college, sibling in college, myself going to be in college) (we're still wondering where that 4K came from...)

Parents' Contribution: $13,000
Student Contribution: $2,500

Grant: about $6,000
CU Tradition Fellowship Scholarship: $4,000
Total loans: $6,900
Work-Study: $1,800

Hopefully this gives you guys some hope

CayugaRed2005

Sounds about right. You would be able to lower your costs significantly if you move off campus and go off the dining plan as well. Bedrooms below Stewart can be had for less than $300 a month.

I still can't get over the fact that in-state expected expenses are $35k a year. It was only $20k a year when I graduated.