<p>“majoreco why wouldn’t 4 year schools be an option for families that make less than $40,000? Wouldn’t that student get a full financial aid package to cover the COA like at Cornell?”</p>
<p>No they would not get a full financial aid package like they would get at Cornell. The state schools do not have the endowments that Cornell and other top universities have. A student who is considered under privilaged at Cornell will get most of their cost covered with just some minor expenses such as the student contribution, books and spending money. This is basically as free a ride as possible and most kids would be thrilled with such a package. The same kid who applied to his or her state school would have to have near perfect stats to get a full tuition grant, plus room and board. Most kids who have EFCs of 0 would only be given enough to attend their instate college but they would need loans to cover the cost of room, board, text books and expenses. These are the type of kids who should be applying to the Ivy’s because they would get an Ivy education at a next to nothing pricetag. Of course Cornell is just not stat driven so the kid who has low EFC but high stats great GPA and an assortment of other stand out qualifications would have a wonderful opportunity at Cornell and like schools.</p>