Cornell Fin Aid

Paying for College
1

<p>Could any ED applicants with income below 40K post their fin aid stats? I will be applying to one of the state sponsored schools(Agriculture and Life Sciences) and I live in NYC. Thanks</p>

2

<p>have you looked at the sample financial aid packages from Cornell’s website?</p>

<p>they specifically state:</p>

<p>Why do I have loans in my award?
Awarding self-help (loans and work-study eligibility) is in keeping with Cornell’s belief that students should help fund their educational expenses throughout the year. Students can reduce the self-help level by obtaining outside scholarships.</p>

<p><a href=“http://finaid.cornell.edu/Shared/FAQ.htm[/url]”>http://finaid.cornell.edu/Shared/FAQ.htm&lt;/a&gt;&lt;/p&gt;

<p><a href=“http://finaid.cornell.edu/Shared/AwardComponents.htm[/url]”>http://finaid.cornell.edu/Shared/AwardComponents.htm&lt;/a&gt;&lt;/p&gt;

<p>Even as student who is eligible for TAP and Pell, for the first year your package can have the following loans:</p>

<p>Subsidized stafford loan 2625
Perkins loan up tp $4000/yr
Direct loan</p>

<p>If you look at scenario 2 where the family contribution is $1000 (which would be lower than your family’s EFC based on a $40,000 income)
the sample package has $8100 on loans (remember cornell is not exactly the most generous school for giving out grants).</p>

3

<p>Don’t apply ED if you need fin aid. You are screwing yourself over…</p>