Financial aid at Brown and Cornell?

[halfcupofpudding]

<p>How generous are these (and most other ivies) with financial aid? What financial conditions are needed for, say, 90% scholarship via financial aid?</p>

<p>Thanks</p>

[fiona_1]

<p>It depends on your family circumstances. There’s no straightforward income cut-off, because the institution-calculated methodology depends also on assets, number of family members in college, etc. </p>

<p>To get an estimate of your family’s eligibility for financial aid, you can use any of a number of financial aid calculators available one. Here is one: [FinAid</a> | Calculators | Expected Family Contribution (EFC) and Financial Aid](<a href=“http://www.finaid.org/calculators/finaidestimate.phtml]FinAid”>http://www.finaid.org/calculators/finaidestimate.phtml)</p>

<p>However, do note that the EFC calculated using these calculators may eventually differ from the determination made by Brown/Cornell. Here is an explanation:

@Brown

Institutional Methodology (IM) - Most colleges and universities awarding institutional scholarship funds use some variation of the Institutional Methodology as established by the College Board. In using IM, Brown University adheres to a number of additional policies when reviewing each student’s eligibility for scholarship assistance. This analysis includes several income and asset factors not considered in FM. We believe in most instances that this method of needs analysis more accurately determines a family’s ability to pay for education. Typically, this EFC will appear on your award letter from the University. However, there are situations where the IM calculation may actually be lower than the FM calculation due to slight differences in the tables and indexes used to calculate the contribution. Given that Brown awards federal funds, we must use the higher FM calculation in such instances.

</p>

[entomom]

<p>Although you give the same financial information via the Profile to ALL of these schools, what they do with your information depends on the FA policy of each INDIVIDUAL school. Due to changes made a year ago, HYP tend to have FA policies that are more generous to upper middle income (100-200k/yr income) families. Many of these schools have excellent FA policies for low income (ca. 60k/yr) families. Several have FA calculators on their websites (eg. Y & P) which will give you the best estimates.</p>

[hmom5]

<p>Their aid is great relative to most colleges but the weakest among the ivies. How much your family can make depends on many things including how many are in the family, assets and age of parents. The may have calculators to figure out your estimated contribution on their web sites.</p>

[fiona_1]

<p>Actually I checked out Brown’s and Cornell’s sites and those two schools don’t have FA calculators.</p>