The information and table below is provided through 20 U.S. Code § 1091.Student eligibility.
(r) Suspension of Eligibility For Drug-Related Offenses
(1) In General
Federal regulations require Cornell University to establish, publish, and apply reasonable standards of Satisfactory Academic Progress (SAP) for financial aid eligibility. The purpose of measuring and enforcing these standards is to ensure financial aid recipients make progress toward graduation.
Cornell University meets the full demonstrated financial need for all admitted students who are United States citizens and eligible non-citizens. Eligible non-citizens include permanent residents, refugees and asylees, and undocumented students.
According to federal legislation, repeat classes may only count towards financial aid eligibility if (a) the course was previously failed or (b) the course was previously passed only once. This means a student who fails a class may repeat a class and have it count as credit toward the determination of enrollment status for financial aid purposes, but a student who has already passed a class may only repeat the class once more (i.e., to receive a better grade) and have these credits count toward financial aid eligibility.
The amount of financial assistance a family needs each year is determined by the following formula:
Financial Aid, Tailored to Your Family’s Need
Our founding principles—“to do the greatest good” and “… any person … any study”—underpin Cornell University’s commitments to undergraduate financial aid. Cornell students come from culturally, geographically, and socio-economically diverse backgrounds and our financial aid programs are designed to ensure Cornell is accessible to all at an affordable cost.
We know that understanding the costs of admission and available financial aid is an important part of your college decision. Our goal is to make sure financing a world-class education at Cornell remains achievable for you and your family. Use these tools to look beyond Cornell’s "sticker price" and gain insight into the true cost of a world-class Cornell education for your family after financial aid.
The purpose of an exit interview is to inform you of your rights and responsibilities based on the loans you accepted from Cornell University. You must complete an exit interview when you graduate or take a leave/withdrawal from the University.
All loans require that you sign a promissory note. This note is signed by the borrower when taking out a loan. By signing the promissory note, the borrower promises to repay the loan. The promissory note also includes important language about your rights and responsibilities as a borrower.
Federal and Cornell University loans require a Master Promissory Note (MPN). You sign the MPN once, the first time you borrow. This will allow you to borrow more from the same loan source while you are in school, without having to sign a promissory note each year.
In addition to federal and university loans, other education loan options may also be available.