New York State Residents
New York State Residents
Cornell offers financial aid to meet the needs of all New York state residents. For in-state residents, the cost of tuition depends on which undergraduate college you enroll in. The following are sample financial aid packages for three in-state families. The profiles provide an overview of how each financial aid package was developed. Please keep in mind that each family’s situation is unique and needs to be reviewed during the application process to determine final eligibility.
For this family, there is no parent contribution and no loans. The student contribution is $2,700/year. Here’s how:
- Albany, NY first-year student, School of Industrial and Labor Relations
- $40,000 household income
- Family of four single parent, two younger siblings
- $2,000 household savings
- no assets
Financial Aid Offer:
The estimated annual cost for a first-year student attending the School of Industrial and Labor Relations (NY State Contract College) before financial aid is $56,798 for the 2019-20 academic year. This includes tuition and fees, room and board, books and supplies and personal expenses
Family 1: Total income $40,000/Combined Assets $2,000; Financial aid offer presented as data table.
| Dollar amount | Type | Description |
|---|---|---|
| $2,700 | Total Annual Cost For Family | Includes expected parent and student contributions. There is no parent contribution and no loans for families with an income of less than $60,000 and assets totaling less than $100,000. The student contribution is $2,700. |
| $45,303 | Cornell Grant | Grants do not need to be repaid |
| $6,195 | Federal Pell Grant | Grants do not need to be repaid |
| $2,600 | Student Work-Study | Student earns money during academic year |
This family will pay $11,932/yr. Here’s how:
- Rochester, NY first-year student, College of Human Ecology
- $105,000 household income
- Family of five two younger siblings
- $3,000 household savings
- $35,000 assets (home equity, investments)
Financial Aid Offer:
The estimated annual cost for a first-year student attending the College of Human Ecology (NY State Contract College) before financial aid is $56,798 for the 2019-20 academic year. This includes tuition and fees, room and board, books and supplies and personal expenses.
Family 2: Total Income $105,000/Combined Assets $38,000; Financial aid offer presented as data table.
| Dollar amount | Type | Description |
|---|---|---|
| $11,932 | Total Annual Cost For Family | Includes expected parent and student contributions |
| $37,266 | Cornell Grant | Grants do not need to be repaid |
| $5,000 | Federal Loans | Loans must be repaid |
| $2,600 | Student Work-Study | Student earns money during academic year |
This family will pay $11,495/yr. Here’s how:
- Binghamton, NY third-year student, College of Arts & Sciences
- $145,500 household income
- Family of four: twins attending private colleges
- $18,000 household savings
- $155,000 assets (home equity, investments)
Financial Aid Offer:
The estimated annual cost for a third-year student attending the College of Arts & Sciences before financial aid is $75,468 for the 2019-20 academic year. This includes tuition and fees, room and board, books and supplies, and personal expenses.
Family 3: Total Income $145,500/Combined Assets $173,000; Financial aid offer presented as data table.
| Dollar amount | Type | Description |
|---|---|---|
| $11,495 | Total Annual Cost for Family | Includes expected parent and student contributions |
| $53,873 | Cornell Grant | Grants do not need to be repaid |
| $7,500 | Federal Loans | Loans must be repaid |
| $2,600 | Student Work-Study | Student earns money during academic year |