FA, EFC, and Scholarships

Cornelli2008
Tue, 01 Jan 2008 12:08:55 +0000

akaCondi- I ran into the same problem. I received an outside scholarship of 5000 a year, which in turn took away my 5000 grant so in the end it really didn’t help me out. Cornell’s financial aid office is mean, and even when I went to talk to them about how my paren’t EFC was waaaaay too high, forcing them (and myself) to take out ridiculous loans, they really didn’t care. In the end, I really wish I could have not told them about the scholarship, but there wasn’t any choice b/c the scholarship people sent it straight to Cornell. However, if you do happen to get a small scholarship (like 500 dollars) that is written out to you, I would just not report it and deposit it into your account. That way, you can buy books and stuff w/o having to worry about losing some finaid.