Student Loans for Cornell Students
About Cornell Financial Aid
Cornell University financial aid has been designed to maintain Cornell University’s competitiveness in attracting a diverse and talented student body. In following Ivy League norms, its financial aid is awarded purely on the basis of need rather than merit, and does not include special scholarships for athletes. As such, Cornell University is able to draw a talented student body including representatives from across the United States and dozens of foreign countries.
When applying for Cornell University financial aid, you should complete the Financial Aid Application and submit it by the given deadline. The application is comprehensive and includes information about the financial capacity of your family, the marital status of your parents, your personal savings and the expenses associated with your siblings. You are also allowed to outline any special circumstances. Cornell University Financial Aid expects several documents like your bank statements and tax returns to verify the information you provide. Once you are awarded the financial aid, it is understood that you can continue to earn the same over the next 4 years though you are expected to re-apply to account for any changes in your circumstances such as family emergencies or outside grants.
Cornell Financial Aid Packages
Cornell University financial aid packages are designed to fulfill the calculated need for each student based on expense of attending the university and available resources. The exception to this rule is international students who are not eligible for need-blind financial aid from Cornell University. In such circumstances, Cornell University describes itself as need aware and offers some form of financial aid to about a dozen exceptional international students every year. The aid packages comprise largely of grants that do not need to be returned at any point. Most aid packages include a loan component. Students benefiting from Cornell University Financial Aid are also expected to work a few hours a week during the academic year and over summer to pay a portion of their expenses. If you’re still not able to meet your tuition needs, then don’t get tense, just go for a private student loan. For your help, we have an easy to use student loan comparison tool that would assist you to search for and comparing various private lenders so that you may make an informed decision!
While searching for Cornell scholarships I came across the work-study program. Can you tell me about that?
Those who have enrolled at Cornell as full time students and are taking classes can work to pay for their expenses. In addition to this, Cornell also participates in the Federal work-study program, which allows students to find employment on and off campus. However, Cornell is not responsible to provide students with jobs.
Pay for Cornell University*
|Total Avg. Cost||$52,414|
|Room & Board||$12,410|
|Financial Aid Information|
|Students Receiving Fin Aid||54%|
|Typical Grant Amounts|
|Avg. Other Stud. Loans||$9,165|
|%Receiving Other Loans||8%|
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*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics