Student Loans for Cornell Students
Cornell University is an Ivy League school located in New York. Every year, about 21,000 students descend on the Ithaca campus in order to pursue an excellent education that could allow them to succeed in the professional marketplace, according to the University’s website. While it’s more than likely that some of these students have grants and scholarships that help them to pay for school, many others rely on student loans for Cornell students in order to make ends meet.
Typical Cornell Expenses
When most students think about the bills they must pay in order to stay in school, they think about tuition. This is the baseline set of expenses for any student, as it includes the fees students must pay in order to take classes on campus and get credit for the courses they complete.
Cornell uses a complicated system in order to determine tuition, as different majors come with a different tuition price tag, but a quick peek at the 2014-2015 numbers suggests that residents attending full-time on an undergraduate basis for the entire year should expect to pay between $30,000 and $47,000 in tuition, while nonresidents might pay $47,000. Students enrolled in higher levels of education, such as doctoral programs, might have very different bills to pay.
In addition to these costs, students are also required to pay for their room and board, which might include:
- Basic rent
Cornell Financial Aid and Student Loans
If students can’t cover their Cornell costs with the money they have in their savings accounts or the money they have coming from jobs, they will need to explore their options with the help of the financial aid office. Here, they’ll fill out paperwork that will allow them to apply for state, federal and local forms of aid, and they might find that they can cover many of their costs with these forms of money.
Students who need additional help, however, might need to explore their loan options. Federal loans from the U.S. Department of Education can be good choices for some students, and the paperwork students fill out for grants often does double duty as an application for federal loans. Students who want private loans, on the other hand, will need to complete a different set of paperwork.
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
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