so, how exactly does financial aid work at Cornell?

dewdrop87
Tue, 03 Jun 2008 09:39:10 +0000

It’s simple.

I believe tuition is billed in July. So you will see the $40,000+ charges and any pending financial aid (if you were eligible for aid). If not, you either pay the bill in full or through the tuition payment plan.

I believe Cornell grant money is distributed in July, so you will see this deduction. Any federal or private loans and outside scholarship you received will be credited to your account on the August or September bill. If you have more aid than your actual charges, Cornell will refund your money to an account specified by you. This refunded money is yours to spend…some, like myself, spent half of it on necessities and saved the other half to apply toward loan repayment.

You do not have to pay a dime until you see that your bursar charges exceed your pending credits.