$6,693

Avg. Federal Grant

$3,533

Avg. Federal Loan

$309,218,157

Total Aid Awarded

Cornell University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

52%

Total Aid Amount Average Total Aid Awarded per year.

$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.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

16%

State Grant Aid

14%

Institution Grant Aid

46%

Pell Grant

16%

Average Aid Awarded

Federal Grant Aid

$6,693

State Grant Aid

$3,180

Institution Grant Aid

$40,638

Pell Grant

$4,804

As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants, and institutional grants, with federal grants having the 16% contribution with an average aid amount being $6,693.

Pell grants have a percentage of %16 with an average aid amount of $4,804 then the State grant aid average of $3,180 with 14%.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$64,253

$30,001 - $48,000

$63,383

$48,001 - $75,000

$56,648

$75,001 - $110,000

$47,713

Over $110,000

$23,212

As shown in the table lower the family income higher is the amount of aid one can expect to receive. Those students who have a family income under $30,000 can expect to receive an aid amount of $64,253 while those with family income over $110,000 can expect to receive an aid amount of $23,212. This helps students who are coming from low-income homes to pay for their degrees. For further detailed information, you can check on the official website.

Student Loans for Cornell University

Average Loan Amount Average Loan Amount received per year.

$7,448/Year

Students Taking Out Loans

32%

Loan Default Rate

1%

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