Cornell’s Financial Aid Program in a Nutshell

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Everything You Need To Know About Cornell’s Financial Aid Program

Cornell University is an academically competitive school praised for its top-tier programs, but are its tuition fees that range from $20,800 to $60,286 a little too much for your budget?

In this guide, you will learn how Cornell’s financial aid program works, how to apply, and how to in a few clicks!

To get started, get acquainted with the types of financial aid Cornell University offers:

  1. Loans
  2. Work-study
  3. Grants
  4. Alternative loans and financing
  5. Combined financial aid programs for New York residents

Cornell Financial Aid—Loans

Cornell University has two categories of loans:

  1. Federal loans
  2. Alternative loans and financing

Federal Loans

You can apply for the following loans at Cornell University:

  • Undergraduate Student Loans
    • Federal Direct Subsidized Loan
    • Federal Direct Unsubsidized Loan
    • Cornell University (Gardner/Shoemaker) Loan
  • Graduate Student Loans
    • Federal Direct Unsubsidized Loan
    • Grad PLUS Loan
  • Parent Loans
    • Parent PLUS Loan

Alternative Loans and Financing

Cornell offers alternative ways of financing, such as:

  • Cornell Installment Plan (CIP)—CIP allows students to pay for tuition and expenses in monthly installments
  • Private loans—Private lenders enable parents and students to cover tuition and expenses by lending money to them

Cornell’s Financial Aid Program—Work-Study

Cornell University offers a variety of part-time jobs to help its students afford their education. The work-study options include:

  • Student employment—You’re responsible for finding and choosing a job that fits your class schedule best
  • Federal work-study—Your employer gets funds from the government to cover part of your wage
  • Summer jobs and internships—You can work at Cornell University or find a job yourself. If you want to work at the University, you need to:
    • Prove your identity
    • Complete an I-9 Employment Eligibility Verification Form
    • Prove your eligibility to work in the United States

Cornell Financial Aid—Grants

Cornell University does not award grants based on merit or athletic performance but rather on financial needs. To be eligible for grants, you must complete a FAFSA form.

Cornell offers the following grants:

  1. Cornell University grant
  2. Endowed scholarships
  3. Federal grants
  4. State grants

Cornell University Grant

The Cornell University grant does not have limitations regarding the minimum and maximum financial aid a student can receive. The Financial Aid Office determines the eligibility of students for a Cornell University grant individually.

The University sources the funds for this grant from:

  • University endowments
  • Alumni gifts
  • The general fund

Keep in mind that the University determines the amount of this grant after establishing your non-university funds, work-study aid, and loans.

Endowed Scholarships at the Cornell University

Your qualification for a named endowed scholarship depends on whether you meet the criteria of the fund donor.

You should know that:

  • Receiving an endowed scholarship does not change the total amount of financial aid you will get
  • Applying for financial aid puts you through the candidate selection process for endowed scholarships automatically
  • Receiving an endowed scholarship means that those funds can replace any other Cornell grant, loan, or work-study program

Federal Grants

Cornell offers the following federal grants:

Grant NameWho Is EligibleGrant Amount
Federal Pell Grant
  • Students with a strong financial need
  • Students with disabilities
  • Students who lost their parents during a war in Iraq or Afghanistan
Federal Supplemental Educational Opportunity Grant (FSEOG)Undergraduate students who:
  • Have exceptional financial need
  • Are Pell Grant recipients
  • Don’t have a degree yet
Up to $4,000 per year
Children of Fallen Heroes ScholarshipPell-eligible students who lost their parent or guardian in line of duty while serving:
  • Law enforcement
  • Firefighters
  • Chaplain corps

The students must have been less than 24 years old or enrolled at higher education institutions when they lost their parents or guardians

Maximum Pell Grant amount for their enrollment status and attendance costs
Iraq and Afghanistan Service GrantStudents who lost their parent or guardian who served the U.S. military in a war in Iraq or Afghanistan after 9/11Up to $6,125

State-Specific Grants

Check out this table to find out what state-specific grants Cornell University offers:

Grant NameWho Is EligibleGrant Amount
New York State Tuition Assistance Program (TAP)Full-time undergraduate students who are not late with loan repaymentsUp to $5,165 per year
NYS Excelsior ProgramStudents applying to a SUNY or CUNY college from families who earn less than $125,000 annuallyCovers tuitions up to $5,500
New York State Enhanced Tuition Award Program (ETA)Students pursuing an undergraduate degree at a private school with less than $125,000 federal gross incomeUp to $6,000 per year for 2–5 years, depending on the program of study
Senator José Peralta New York State DREAM ActUndocumented and other studentsA maximum of $12,630 per year for up to four years
NYS Science, Technology, Engineering, and Mathematics Incentive Program (STEM)NYS resident students who are attending an undergraduate program at the State University of New YorkThe reward equals the full-time study annual tuition or actual tuition charged, whichever is less
Empire State Diversity Honors ScholarshipStudents with a broad range of backgrounds who show a strong financial needOne half of the student’s cost of attendance or $3,000, whichever is less, and the campus must provide the other half

Cornell’s Combined Financial Aid Programs for New York Residents

The Financial Aid Office uses all financial aid forms to develop a solution that enables New York-based families to pay the minimum tuition amount possible. These programs are made for each family individually since they consider all financial factors, such as your family’s savings, income, expenses, etc.

How To Apply for Cornell’s Financial Aid

To apply for Cornell’s financial aid, you must complete your FAFSA and submit all application materials by the following deadlines:

  • January 2—for international students
  • February 15—for U.S. citizens and eligible non-citizens

Are You Unhappy With the Financial Aid Proposal From Cornell? Write an Appeal Letter With DoNotPay!

Suppose Cornell University rejects your financial aid application or doesn’t offer enough money to ease your financial hurdles—in that case, you can appeal the decision with a financial aid appeal letter and request more funds. To get started:

  1. Type Appeal for More Financial Aid in the search bar
  2. Answer a few questions about your financial aid application

We can mail the letter to Cornell University or send it to you via email to print out and hand it over yourself.

Explore our learning center to find answers to the following questions:

Check Out Our Guides to Financial Aid Offers of Other Universities

If you’re still unsure about what university you want to apply for, here are some of our guides to financial aid offers of other universities to help you with that choice:

Harvard University Financial AidColumbia University Financial AidStanford University Financial Aid
Yale University Financial AidUniversity of California, Los Angeles Financial AidUniversity of Alaska, Fairbanks Financial Aid
University of California, Davis Financial AidPrinceton University Financial AidUniversity of California, Santa Cruz Financial Aid
MIT Financial AidUniversity of California, Berkeley Financial AidPurdue University Financial Aid
University of California San Diego Financial AidRutgers University Financial AidNew York University Financial Aid

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