Cornell enhances financial aid program - Page 3

dragonneedspank · 03-12-2009, 02:53 PM

so if you have an EFC of 0 you get a full ride basically?

iamkid · 03-17-2009, 12:59 AM

I'm so stressed about the amount of financial aid my family will get. I may have to decline my acceptance.

I also think that education is an investment, but there's a limit to the madness, especially at an undergraduate level.

ZFanatic · 03-28-2009, 01:45 PM

I like the way that 2nd box in the chart looks. The 2009 enhanced is what our packages will be based on right?

As far as sending poor kids for free, I really disagree with that. Of course they shouldn't be expected to pay the full ride (heck, very few people should be stuck with that), but to let them graduate paying nothing is wrong, IMO. Eliminate the EFC, but heck, give them 10-15k in loans per year. Like someone else said, they're getting the same education and will have the same opportunities once they graduate. It's not like the people that pay more get the fancier lab equipment and the easier classes, so I still think they should have to pay something. I'm fine with them having to pay nothing out of pocket, but I believe they should have some loans for sure, even if it's not a huge amount.

collegebound_91 · 03-30-2009, 03:36 PM

so whats happens for those above $120K, we get nothing!

dbear · 03-31-2009, 04:52 AM

well... you've got 120K! lol

dewdrop87 · 03-31-2009, 09:27 AM

Quote:

so whats happens for those above $120K, we get nothing!

You might be eligible for non-need based loans such as the federal parent PLUS loan, unsubsidized stafford and private loans.

Quote:

well... you've got 120K! lol

That doesn't mean a family can write a $50,000 check...especially if there are other children in college

mistofthekane · 03-31-2009, 01:15 PM

I think if you're under 120K but your parents have significant savings/other assets, then you're still screwed.
It's not a simple cutoff - they take everything into account. And if you have other children in college, Cornell would not make your family pay the full $50k ticket.

dbear · 04-03-2009, 02:18 PM

if you have other children in college, Cornell would not make your family pay the full $50k ticket.

yes ^ that's why there's a section where you write your siblings and whatnot.
the whole point of filling in those fin aid things is so they can estimate what amount you could probably borrow and pay back in a reasonable about of time

NJBkitty · 04-03-2009, 07:49 PM

I'm annoyed because my family makes just barely over the $120k cutoff where they limit loans to $3k, and I'm supposed to take out an extra $4.5k in loans (totaling $7k). How is that fair?

Quote:

well... you've got 120K! lol

^ yeah, but that $120K has to go toward paying the mortgage, paying the bills, paying for food, clothes, etc, and all of life's other little things. Besides, it's not like that $120K comes in like a lump sum, it's accumulated over the whole year and is needed to pay for other things along the way.

Anyway, I'm beginning to grow worried, because UPenn and Cornell are both looking a bit too expensive, but I don't know how willing I am to let an Ivy League education slip away... :[

dean5150 · 04-03-2009, 10:13 PM

Is this treatment of the middle class typical at Cornell? It seems like everyone at Cornell must either be: poor, middle class and in debt, or rich.

dewdrop87 · 04-03-2009, 10:22 PM

^^I felt the same way when I was there....stuck in the middle class and in debt group.

Regardless, most of you are getting a better deal than you would have 2 years ago.

ananya77041 · 04-03-2009, 11:24 PM

yep, i just got screwed over with barely 8K in aid....*sigh*

sportychicsam14 · 04-04-2009, 12:19 AM

ok, so my family has this really special circumstance where we had a landslide and we have to build a retaining wall to keep our house up...and it is really expensive..yet cornell gave no aid due to my parents income! what to do? appeal? make appointment during visit? there is no way we can write 50k check

dbear · 04-04-2009, 09:41 AM

ok but ppl with less than 120K also have to do those things

i would not let an ivy education slip through your fingers, but you have to make sure the payback of the degree you get is worth it for what you're doing or else you'll be up to your neck in debt (i.e. example of why not to go and pick a school with a better financial aid package)

revesan_316 · 04-04-2009, 04:54 PM

can anyone help me with this?
If I'm not eligible for cornell's financial policy (about waiving tuition for families earning under $60,000) right at THIS moment but if I DO become eligible later like after I'm enrolled at Cornell, can I still get aid?