Cornell University Financial Aid and Scholarships
Students Receiving Aid
52%
Total Aid Amount
$309.218M
Financial Aid Official Website
https://finaid.cornell.edu/
Students can avail of scholarships provided by the university, such as Aid to Native Americans, Albert E. Wischmeyer Memorial Scholarship, Carnegie Dartlet $10,000 Scholarship, and Community Service Scholarship for Multicultural Students, if they find educational expenses to be on the higher side. Notably, 62% of the students at Cornell University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $24,550,337. For additional information about financial assistance schemes, one can head over to CU’s financial aid page at https://finaid.cornell.edu/. At CU, the total percentage of applicants who receive the Federal Grant stands at 16%. Meanwhile, 48% of the applicants receive the Student Grant and 46% are awarded the Institution Grant, while 16% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $6,810, while the same comes to $3,619 for State Grant receivers and $43,096 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,820. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Students whose family income per annum is less than $30,000 will receive a federal aid of $53,585 on average in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $56,961 and $52,200, respectively. Those with an annual income level of $75,001-$110,000 would receive $42,209, while candidates with more than $110,000 of family income receive an average federal aid of $21,069. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At CU, an estimated number of 41% of the applicants choose to go for student loans.
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