Cornell makes initial offers of loan to a student based on their family’s income. Loans may be necessary for some families. Low Debt BurdenĬornell 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. In cases of divorce or separation, we calculate total family income for each parent and add them together. 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. Parent Contribution Initiativeįamilies 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. All applicants attending and expecting to graduate from a US high school despite lacking citizenship, residency, or visa status will be evaluated as part of Cornell’s need-blind admission review alongside their US peers. Undocumented Undergraduate Applicant InitiativeĪs of fall 2021, all current and future enrolled undergraduate students who attended and graduated from a US high school without US citizenship, residency, or visa status are eligible for a Cornell financial aid package that matches their demonstrated financial need. To learn more, view all of our financial aid initiatives. Our unique financial aid initiatives exemplify our commitment to providing need-based aid and making Cornell affordable for admitted students.
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