Financial Aid Initiatives
Cornell has implemented several financial aid initiatives as part of our commitment to provide need-based aid and make Cornell affordable for admitted students.
Undocumented Undergraduate Applicant Initiative
In response to the Trump Administration's announcement that the Deferred Action for Childhood Arrivals program is being rescinded, Cornell University has committed to the following:
- All currently enrolled Cornell undergraduate students who had DACA status (Deferred Action for Childhood Arrivals) will continue to be considered in the "domestic" financial aid pool (need-based, meeting full demonstrated need) for the remainder of their Cornell undergraduate program.
- Cornell will offer institutional financial aid to admitted and currently enrolled undergraduates who have been long-term undocumented students and who meet the following criteria:
- Born on or after June 16, 1981;
- Came to the United States before reaching 16th birthday;
- Continuously resided in the U.S. since June 15, 2009, up to the present time;
- Currently in school, has graduated high school, or obtained a general education certificate (GED);
- Meets financial aid application requirements.
Undergraduate students who are determined to have met Cornell's requirements will be eligible for need-blind admissions and, if admitted, need-based financial aid meeting full demonstrated need.
If you meet the above criteria, please contact a financial aid staff member to discuss the financial aid application process.
607-255-5145; finaid@cornell.edu
- Undocumented applicants residing in the U.S. without DACA status and who do not meet the above criteria should follow the steps to apply for financial aid as an International Student.
Green Card Initiative
Cornell will offer institutional financial aid to admitted and currently enrolled undergraduate international students who have been long-term Green Card applicants but have not yet achieved Legal Permanent Resident (Green Card) status. Undergraduate students who are determined to have satisfied Cornell's documentation requirements will be eligible for need-blind admissions and need-based financial aid like any U.S. citizen or permanent resident.
As part of the aid application process, students will be asked to document the following:
- Born on or after June 16, 1981;
- Came to the United States before reaching 16th birthday;
- Continuously resided in the U.S. since June 15, 2009, up to the present time;
- Currently in school, has graduated high school, or obtained a general education certificate (GED);
- Filed an I-485 Application to Register Permanent Residence or Adjust Status by no later than June 15, 2009;
- Meets financial aid application requirements.
If you meet the above criteria, please contact a financial aid staff member to discuss the financial aid application process.
607-255-5145; finaid@cornell.edu
Parent Contribution Initiative
Families with a total family income of less than $60,000, and total assets of less than $100,000 (including primary home equity), will have no parent contribution. Total family income equals adjusted gross income for the tax year that we are looking at for financial aid purposes, plus any business or other losses, as well as any untaxed income. In cases of divorce or separation, we calculate total family income for each parent and add them together.
Low Debt Burden
Cornell guarantees that any family with a total income of less than $60,000, and total assets of less than $100,000 (including primary home equity), will have no parent contribution and no loans in the initial aid package.
Loans may be necessary for some families. Cornell makes initial offers of loan to a student based on their family’s income. The mean debt at graduation among Cornell students who borrow is less than $24,000 – substantially lower than the mean debt of $32,600 for all private college graduates.
For students who began studies at Cornell before Fall 2018
Total Family Income | Maximum Loan in Initial aid offer |
---|---|
Under $60,000 annually | $0 |
Between $60,001 and $75,000 annually | $2,500 |
Between $75,001 and $120,000 annually | $5,000 |
Above $120,000 annually | $7,500 |
For students who began studies at Cornell in Fall 2018 or after
Total Family Income | Maximum Loan in Initial aid offer |
---|---|
Under $60,000 annually | $0 |
Between $60,001 and $85,000 annually | $2,500 |
Between $85,001 and $135,000 annually | $5,000 |
Above $135,000 annually | $7,500 |