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CC Resources for Cornell University
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12-03-2008, 09:20 AM
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#1 | | Member
Join Date: Feb 2005
Posts: 704
| 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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12-03-2008, 09:31 AM
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#2 | | Senior Member
Join Date: Feb 2007 Location: Oswego to Cornell!!!!!! (GT-09')
Posts: 1,009
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way to go Big Red
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12-03-2008, 12:16 PM
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#3 | | Junior Member
Join Date: Aug 2007
Posts: 201
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"Cornell's neediest students will graduate debt free."
Is that fair to the middle class?
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12-03-2008, 12:44 PM
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#4 | | Senior Member
Join Date: Jan 2008 Location: New Orleans
Posts: 2,983
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^^As someone who is paying $750 a month on my student loans...I say no. However....the current FA policy for those in the bracket of $60,000-$120,000 is a better deal than when I was there.
I do realize it was my own choice to attend Cornell when I could have stayed at my state university and graduate with <$5,000 debt....but if you're going to go into debt over something...it should be your education. Given today's economy I am very, very grateful to have a job I love and allows me to live frugally while paying my loans off.
Counting down the days to that final payment in 2023 :-)
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12-03-2008, 01:08 PM
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#5 | | Senior Member
Join Date: Apr 2007 Location: Tralfamadore
Posts: 3,106
| Quote: |
Counting down the days to that final payment in 2023 :-)
| By all means, if you have the resources to pay down your debt sooner, please do so. This is absent any sort of hyperinflationary environment of course.
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12-03-2008, 01:44 PM
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#6 | | Senior Member
Join Date: Jan 2008 Location: New Orleans
Posts: 2,983
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I was able to pay off the full balance of my Perkins Loan...and for this first round I made a double payment on my private loan since it has a lesser monthly payment than my Stafford Loans. My hope is to do that every few months or so....just playing it one month at a time!
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12-03-2008, 01:50 PM
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#7 | | Senior Member
Join Date: Apr 2007 Location: Tralfamadore
Posts: 3,106
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Sounds good. Just looking out for my fellow Cornellians.
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12-03-2008, 04:08 PM
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#8 | | Senior Member
Join Date: Jan 2008 Location: New Orleans
Posts: 2,983
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Thanks Cayuga :-)
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02-01-2009, 03:47 AM
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#9 | | Member
Join Date: Jan 2009 Location: Kolkata
Posts: 345
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What does this mean for international students applying for FA ? I'm hoping to apply to Cornell hoping to major in economics and math,and I will be applying as an international student asking for FA. Should I apply to CALS or CAS ???(I will be applying later on in 2009)
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02-01-2009, 03:49 AM
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#10 | | Member
Join Date: Jan 2009 Location: Kolkata
Posts: 345
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What does this mean for international students applying for FA ? I'm hoping to apply to Cornell hoping to major in economics and math,and I will be applying as an international student asking for FA. Should I apply to CALS or CAS ???(I will be applying later on in 2009)
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02-01-2009, 05:18 PM
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#11 | | Member
Join Date: Mar 2008
Posts: 452
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^Since you're international, the school you apply to won't make any difference. Only New York State residents get reduced tuition at contract schools.
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02-10-2009, 07:15 PM
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#13 | | New Member
Join Date: Dec 2008
Posts: 24
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Financial aid should be eliminated. Reduce the tuition and room and board to $25,000. Everyone pays the same. Why should some people go for free while others are footing a $45,000 bill. Soumds like Obama would go for it.
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02-10-2009, 07:53 PM
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#14 | | Member
Join Date: Oct 2008 Location: Austin, TX
Posts: 696
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Because some of us couldn't afford $25,000 in our wildest dreams.
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02-10-2009, 07:54 PM
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#15 | | New Member
Join Date: Jan 2009
Posts: 3
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you're right, poor people shouldn't go to college. after all, the status quo must be maintained!
Last edited by CU_FTW; 02-10-2009 at 07:56 PM.
Reason: clarification
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