Financial Aid Award Determination

Financial Aid Award Determination

Cornell defines financial need as the difference between the total price of attendance and the amount you and your family can pay. Once your financial need is determind, Cornell uses a variety of financial aid resources (loan, employment, and grant) to help cover that need. This is what makes Cornell accessible and more affordable for our students.

Cost (Tuition, Fees, and Expenses) - Your Family's Contribution = Your Financial Need

Income and assets, family size, and the number of children who are full-time undergraduate students all figure into the formula. If parents are separated or divorced, Cornell reviews each one's financial information. Usually each is expected to contribute, and that expectation continues throughout your undergraduate years here.

A review of your PROFILE determines your eligibility for Cornell-based aid, and estimates your eligibility for federal financial aid. Your family's FAFSA information confirms your eligibility for federal aid.

The estimated cost includes:

the year's tuition and fees at your college

the average housing (standard double-room rate) and dining costs

travel to and from Cornell

Not covered are:

long-distance phone calls
maintaining a car at school
library and parking fees

Your Family's Contribution

Your family contribution is the amount you and your family are expected to pay to help meet the cost of attendance. A family contribution includes your parents' contribution as well as your own. In calculating your parents' expected contribution, we take into account their income and assets, the size of your family, and the number of children enrolled full-time in college.

Your Share
Your student contribution is based on projected summer earnings and on funds from your personal assets.

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Financial Aid Award Determination Cornell defines financial need as the difference between the total price of attendance and the amount you and your family can pay. Once your financial need is determind, Cornell uses a variety of financial aid resources (loan, employment, and grant) to help cover that need. This is what makes Cornell accessible and more affordable for our students. Cost (Tuition, Fees, and Expenses) - Your Family's Contribution = Your Financial Need Income and assets, family size, and the number of children who are full-time undergraduate students all figure into the formula. If parents are separated or divorced, Cornell reviews each one's financial information. Usually each is expected to contribute, and that expectation continues throughout your undergraduate years here. A review of your PROFILE determines your eligibility for Cornell-based aid, and estimates your eligibility for federal financial aid. Your family's FAFSA information confirms your eligibility for federal aid. The estimated cost includes: the year's tuition and fees at your college the average housing (standard double-room rate) and dining costs books and supplies travel to and from Cornell day-to-day expenses Not covered are: long-distance phone calls maintaining a car at school library and parking fees Your Family's Contribution Your family contribution is the amount you and your family are expected to pay to help meet the cost of attendance. A family contribution includes your parents' contribution as well as your own. In calculating your parents' expected contribution, we take into account their income and assets, the size of your family, and the number of children enrolled full-time in college. Your Share Your student contribution is based on projected summer earnings and on funds from your personal assets.