Financial Aid/ED

<p>If you get in ED but they don’t meet your demonstrated need, is it still binding to enroll?</p>

<p>No. In fact, they understand this is an issue, and therefore make sure they send you your FinAid package before you must enroll so if they do not meet your needs you can talk to them and request more aid, or simply choose not to enroll. You will, however, have to explain that that is the situation.</p>

<p>OK…but suppose they “meet” your need entirely in loans…then what?</p>

<p>That’s not the issue, woodpusher. Cornell “meets” everyone’s need, technically, be it with loans, or grants. When a family gets no loans or grants, it’s not Cornell’s choice, it’s the federal govt’s decision on the basis of the FAFSA and the estimated EFC. When Cornell says you can back out of ED because of financial contraints, they don’t mean this for the students who had high EFC’s and no grants/loans. They mean it for any person who just isn’t in a position to undergo the kind of financial hardship that Cornell’s financial aid package might create.</p>

<p>just a thought a person can get loans from other sources so i really don’t think that is meeting need, if they just gave grants that would be better than loans and grants</p>

<p>bongoboy, I guess I should have phrased my question a little better. What I meant to say was that if your need has been met mainly by loans, and you’ve been admitted ED, is it binding to enroll, despite the fact that you might face considerable difficulty in paying?</p>

<p>No, it’s not binding to enroll. You do have to make somewhat of a convincing argument though.</p>