Colm
April 3, 2011, 10:45am
58
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Colm:
Originally Posted by Godot00
My dad makes almost literally $100,001 in a year, so we’re put in the $100,000+ category which qualifies me for no aid at all.
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<p>If you take a look at the Cornell Financial Aid office’s hypothetical profile of a student, named Ding Park, whose parents make 117,000 dollars annually, then you will find that your statement above is inaccurate.</p>
<p>In the example (about half-way down the page) Ding Park’s parents make 117,000/yr and have some moderate assets. Since they are under the 120,000/yr annual income, the student loan is set at 3,000 dollars, plus a work-study of 2,000 dollars, plus a parent contribution of 29,035 dollars. This means that the Cornell FA grant in this scenario equals 34,035 dollars.</p>
<p>So, your statement – that Cornell does not offer aid to people in your parent’s situation – is misinformed.
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<p>Here are corrected figures for the above financial aid scenario. It changes nothing with respect to the fact that a family making between 100,000 - 120,000/yr receives substantial FA at Cornell:</p>
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In the example (about half-way down the page) Ding Park’s parents make 117,000/yr and have some moderate assets. Since they are under the 120,000/yr annual income, the student loan is set at 3,000 dollars, plus a work-study of 2,000 dollars, plus a parent contribution of 25,000 dollars. This means that the Cornell FA grant in this scenario equals 29,035 dollars.
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<p>In fact the parents are asked to cotribute less in the above adjusted figures. …just wanted the figures to be precise.</p>