FA, EFC, and Scholarships

oldfort
Tue, 01 Jan 2008 09:31:59 +0000

It’s not just Cornell, it’s every school that offers financial aid. Financial aid is not an entitlement. Yor EFC is what your parents can afford to contribute based on their income and asset, your scholarship is viewed as part of your asset. Purpose of financial aid is to make school like Cornell affordable to as many students as possible. My daughter is not eligible for financial aid, we don’t think it’s not fair that we had to pay full fare because we were able to save for our kids. Be happy that you will be able to go to Cornell. There are many kids that are not eligible for financial aid (many middle class families), but can’t afford the tuition or need to take out a loan for the full cost.