Cornell Financial Aid

Paying for College
1

<p>I received about 6k from schools like Vanderbilt, Bowdoin, UVA, Northwestern…but for some reason I received roughly 40k from Cornell. Is this possible, or a mistake?</p>

2

<p>Its possible but contact school if it appears to be a mistake.</p>

3

<p>What was your EFC? Cornell usually meets 100% of need.</p>

4

<p>The $6K would suggest fairly high income, over $125K would be my guess and average assets. $40K would suggest fairly low income, probably under $80K with typical assets. Of course high home equity and other assets could really swing the numbers. With typical assets, about one third of AGI would be a typical amount to be expected to pay.</p>

5

<p>My family income is roughly 70k a year.</p>

6

<p>Family assets total roughly 2 million…with two younger sister in middle school</p>

7

<p><a href=“http://talk.collegeconfidential.com/cornell-university/615567-financial-aid-60-000-guaranteed.html[/url]”>http://talk.collegeconfidential.com/cornell-university/615567-financial-aid-60-000-guaranteed.html&lt;/a&gt;&lt;/p&gt;

<p><a href=“Home | Cornell Chronicle”>Home | Cornell Chronicle;

8

<p>I think Cornell misssed the assets. I’m also actually surprised the other need based schools gave you a cent unless more than half of the assets are protected in retirement funds, equity caps and such.</p>

9

<p>Whoops sorry…assets are 600k</p>

10

<p>I have a friend just accepted and offered 45000 grant. She is NMF, 2370 SAT, 4.5 GPA. Her EFC is 50,000 and I dont know much about the other financial stuff except atleast one parent makes over 100000. Congratulations!</p>