I think you are on to something. Do Ivy league schools typically only base FA offers for ED on what is in the CSS? Or do they review returns as well? Everything was uploaded and available.
Everything.
Do the schools also cross-check all the business and personal returns.
The NPC was the same.
The reason for submitting your returns is to verify that the info you put on the Profile is accurate.
BUT this does not take into account business deductions allowed by the IRS that are added back in as income for financial aid purposes. That isn’t a question on the NPC, and it isn’t one on the Profile. The schools that add these things back as income are looking at your business returns.
It won’t have anything to do with ED.
They meet need for all admitted kids.
They’ve determined you don’t have need - or if you do, less than you thought.
The NPC was the same as the first FA package?
Even so, we aren’t going to be able to help you understand what happened with the second FA package. Do you have a call scheduled with someone in Cornell FA?
They typically review the business returns as well. As you’re no doubt aware, the CSS and the supplement does a very poor job of capturing the true state of most businesses. The tax return is really a better source.
Adjustments might be made on the business side of things beyond just deductions. Treatment of inventory, liabilities, cogs, etc might be reviewed. I’ve seen cases where s corp distributions in excess of business income were treated as personal income (not something someone who understands pass through entities would think could be the case, but it was).
Or they might have misread something.
Of course, the revised offer is still a bit of a mystery if everything was provided at the same time. I’d think typically they wouldn’t release the award info until everything was reviewed, but perhaps some sort of internal snafu that was corrected once the “business tax” person reviewed things. That’s one possible explanation, not necessarily the correct one.
I’m not clear on why an ED admission would still be on the table here but maybe that’s a separate issue.
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Is Cornell affordable as is…or not. If not, there have been months to reconcile this.
How much more money do you need for Cornell to be affordable!
I hope it works out for your student.
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Exactly. The ED acceptance has a deadline with a deposit due in early January. OP hasn’t been clear on whether they have committed or not.
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OP’s student will not attend Cornell with no increase. So it’s not affordable as is.
Which begs the question…did OP put down the ED deposit at Cornell by the deadline (likely in Jan sometime?) or did Cornell extend the deposit deadline for them while the FA package was worked out? (although it doesn’t seem like any back and forth has been happening with OP and Cornell?)
Clearly, we don’t have all the facts, which is ok, because none of us can really help OP.
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yes makes sense. So question. Do schools generate a financial aid offer for ED based solely on the CSS profile or do they do a deep dive into business taxes for example. that is why we uploaded them bc they have particular methodology
Thank you so much. Us too! We have been trying but the needle keeps shifting and methodologies not clear …
Current status in appeal. And I understand from DS FA offers last year that all offers have “estimated” on them bc tuition costs may rise etc but that all returns are reviewed … And no, I sent in CSS and personal and business returns all on time to IDOC and made sure they were processed.
sorry. wasn’t clear. A lot of back and forth since ED acceptance and extension of enrollment deposit. We have been trying.
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But if they’ve accepted the ED offer, all other applications should have been withdrawn.
Not while appealing aid
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The FA offer is based on all required financial documents
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Sure, but it’s late April. This should have been resolved by now, no?
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