Douglas Olsen
Cornell University provides need-based financial aid to admitted international students who have applied for financial aid and demonstrated financial need. The university meets 100% of admitted international undergraduates' demonstrated financial needs with annual aid offers that include Cornell grants, an annual work-study award, and reasonable student loans depending on total family income. However, it's important to note that Cornell employs a need-aware policy, which means that applicants who request financial aid may have a lower chance of admission than those who do not. Additionally, Cornell does not offer merit, athletic, or talent-based aid to students, and all financial aid applicants must reapply for financial aid each year.
| Characteristics | Values |
|---|---|
| Who is considered an international student? | Students who are not U.S. citizens, U.S. permanent residents, and those who do not have refugee/asylee status, or who are not undocumented residents. |
| Who is eligible for financial aid? | Admitted international students who have applied for financial aid and demonstrated financial need. |
| What is the application process? | Applicants must complete the CSS Profile and submit requested documentation. |
| What is the amount of financial aid provided? | Cornell meets 100% of demonstrated financial need with Cornell grants, work-study awards, and student loans depending on total family income. |
| Are there any scholarships available for international students? | Yes, the Levitan Family Scholarships provide full scholarships to a cohort of international students. |
| Are there any loans offered by the university? | No, but students may apply for loans through private lenders. |
| Is there a payment plan option? | Yes, the Cornell Installment Plan (CIP) allows students and their families to make monthly installments to cover each semester's tuition and expenses. |
| Are there any taxes on financial aid awards? | Yes, grant and scholarship aid that exceeds tuition and mandatory fees is considered taxable income by the U.S. IRS. |
| When are financial aid awards provided? | Financial aid awards are typically provided in the spring, after tuition, fees, housing, and dining rates are confirmed. |
| How long is financial aid provided for? | Financial aid is provided for up to eight semesters, and students must maintain satisfactory academic progress to continue receiving aid. |
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What You'll Learn
Who is considered an international student?
An international student is a student who travels to a country other than their own for the purpose of receiving an education. International students are usually required to sit for language tests before they are admitted to their desired educational institution. This is because international students often encounter difficulties with language use, which can make it challenging to make friends with locals and adapt to the local culture. International students also tend to lack support groups in their host countries.
In the context of Cornell University, an international student is anyone who is not a US citizen, US permanent resident, refugee, asylee, or undocumented resident. US undocumented residents are considered domestic students for financial aid purposes.
Cornell University provides need-based financial aid to admitted international students who have applied for financial aid and demonstrated financial need. Cornell meets 100% of admitted international undergraduates' demonstrated financial needs with annual aid offers that include Cornell grants, an annual work-study award, and reasonable student loans depending on total family income. However, it is important to note that Cornell does not provide partial financial aid awards, and admissions decisions for international applicants are need-aware, meaning that applications are evaluated with consideration of the ability of students or parents to pay educational costs.
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What financial aid is available?
Cornell University provides need-based financial aid to admitted international students who have applied for financial aid and demonstrated financial need. The university meets 100% of admitted international undergraduates' demonstrated financial needs with annual aid offers that include Cornell grants, an annual work-study award, and reasonable student loans depending on total family income. The amount of financial aid provided depends on the relative wealth of the student's family in their country of origin.
International students must complete the CSS Profile when applying for admission to be considered for Cornell grants or scholarship aid during their undergraduate course of study. After receiving the CSS Profile application and requested documentation, Cornell will review the information to confirm the expected family contribution, demonstrated need, and eligibility for financial aid. Official Cornell Aid Offers are released in the spring, after the tuition, fees, housing, and dining rates for the upcoming academic year are confirmed. The offer includes the expected family contribution, updated cost of attendance, and the financial aid the student is eligible for in the upcoming academic year.
In addition to financial aid from Cornell, international students can also apply for loans through private lenders. Cornell also offers the Cornell Installment Plan (CIP), also known as the Full-Service Payment Plan, which enables students and their families to make monthly instalments to cover each semester's tuition and expenses.
There are also a limited number of full scholarships available for international students at Cornell, such as the Levitan Family Scholarships, which provide support to five students every year.
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How to apply for financial aid
Cornell University provides need-based financial aid to admitted international students who have applied for financial aid and demonstrated financial need. The university meets 100% of the admitted international undergraduates' demonstrated financial need with annual aid offers, including Cornell grants, an annual work-study award, and reasonable student loans depending on total family income. However, it is important to note that Cornell has a limited budget for financial aid, and the availability of aid packages may vary from year to year.
Step 1: Complete the CSS Profile
First-year and transfer undergraduate international applicants seeking Cornell grant or scholarship aid during their undergraduate course must complete the CSS Profile when they apply for admission. The CSS Profile is used to assess your expected family contribution, demonstrated need, and eligibility for financial aid. Make sure to complete the CSS Profile as early as possible, as it is one of the key components of your financial aid application.
Step 2: Submit Required Documents
After submitting your CSS Profile, you will need to upload signed copies of the requested documents via your IDOC Student Dashboard. Only submit the documents that have been specifically requested, as unnecessary submissions may slow down the application review process. The required documents may include items such as tax returns, bank statements, or other financial information.
Step 3: Monitor Your Email
After submitting your CSS Profile and required documents, Cornell may request additional information or clarification. It is important to monitor your email closely and respond promptly to any requests from the financial aid office. They may ask for further documentation or clarification to better understand your financial situation.
Step 4: Receive Your Cornell Aid Offer
Official Cornell Aid Offers are typically released in the spring, after the tuition, fees, housing, and dining rates for the upcoming academic year have been confirmed. Your official Cornell Aid Offer will include your confirmed expected family contribution, updated cost of attendance, and the financial aid you are eligible for in the upcoming academic year. This offer will detail the specific types and amounts of financial aid you have been awarded.
Step 5: Understand Tax Implications
If you receive grant or scholarship aid that exceeds your "qualified education expenses" (tuition and mandatory fees), this may be considered taxable income by the U.S. Internal Revenue Service (IRS). Cornell is required to withhold 14% of any grant or scholarship aid greater than tuition and mandatory fees to pay U.S. tax, unless you qualify for an exemption under a tax treaty. Be sure to review the tax implications of your financial aid package to avoid any unexpected tax liabilities.
Step 6: Reapply Each Year
It is important to note that financial aid at Cornell is awarded on a yearly basis. All financial aid applicants must reapply for financial aid each year. If your family's economic situation remains constant, you can expect to receive a financial aid award that is comparable to what you received in your first year.
In summary, applying for financial aid as an international student at Cornell involves completing the CSS Profile, submitting the required documents, and working closely with the financial aid office to ensure they have all the information they need to assess your application. Remember to start your application early and respond promptly to any requests for additional information.
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What is the financial aid selection process?
Cornell University provides need-based financial aid to admitted international students who have applied for financial aid and demonstrated financial need. The financial aid selection process at Cornell University involves several steps, and the accuracy and completeness of the information provided during the application process are crucial. Here is a detailed overview of the financial aid selection process for international students at Cornell:
Application Submission:
International students seeking financial aid at Cornell must complete the CSS Profile as part of their application for admission. This profile helps the university understand the student's financial background and need for assistance. Students are required to submit all necessary documentation, including signed copies of requested documents, to ensure their application is complete.
Review and Evaluation:
Once the university receives the CSS Profile and supporting documentation, they carefully review the information to assess the student's expected family contribution, demonstrated need, and eligibility for financial aid. This process involves confirming the accuracy of the information provided and ensuring that the student meets the criteria for financial aid.
Additional Information Requests:
During the review process, the university may request additional information or clarification from applicants. It is important for students to respond promptly to these requests to avoid delays in the decision-making process. The university may ask for further documentation or details to better understand the student's financial situation.
Decision-Making:
After thoroughly reviewing the application and all supporting documents, Cornell University determines the student's eligibility for financial aid. The university considers various factors, including the student's expected family contribution, their demonstrated financial need, and the availability of funds. Cornell aims to provide financial aid packages that meet 100% of the demonstrated financial need for admitted students.
Offer of Financial Aid:
If a student is deemed eligible for financial aid, Cornell will make an official offer. The Cornell Aid Offer includes the expected family contribution, the updated cost of attendance, and the financial aid amount the student is eligible for in the upcoming academic year. This offer is typically released in the spring, after the confirmation of tuition, fees, housing, and dining rates for the upcoming academic year.
Acceptance and Enrollment:
Students who accept Cornell's offer of admission and financial aid must submit an enrollment deposit by the specified deadline. Admitted students are required to maintain satisfactory academic progress to continue receiving financial aid throughout their undergraduate studies.
It is important to note that international students who do not apply for financial aid during the admission process will not be eligible to apply for financial aid at any time after enrolling as an undergraduate at Cornell. Additionally, Cornell does not offer merit, athletic, or talent-based aid, and students may need to explore external loan options if their financial circumstances change significantly.
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What are the terms of the financial aid?
Cornell University provides need-based financial aid to admitted international students who have applied for financial aid and demonstrated financial need. The university meets 100% of the admitted international undergraduates' demonstrated financial needs with annual aid offers that include Cornell grants, an annual work-study award, and reasonable student loans depending on total family income. The amount of financial aid provided varies depending on the family's financial situation relative to the country of origin.
All applicants must apply for financial aid by completing the CSS Profile. The CSS Profile is used to determine the expected family contribution, demonstrated need, and eligibility for financial aid. Cornell Aid Estimates are available to admitted students only, shortly after admission decisions are released. Students will receive an estimate of their expected family contribution, cost of attendance, and the financial aid they may be eligible for in the upcoming academic year. Official Cornell Aid Offers are released in the spring, after the tuition, fees, housing, and dining rates are confirmed. The cost of attendance includes expenses that are billed, such as tuition, mandatory fees, housing, dining, and health insurance, as well as out-of-pocket expenses such as books and supplies, transportation, and personal and miscellaneous costs.
Financial aid is only available during the academic year (August through May) and does not cover the summer or winter sessions. Students must maintain satisfactory academic progress to continue receiving financial aid, which involves maintaining a minimum grade point average and successfully completing a certain number of credits each semester. Additionally, international students who receive financial aid and want to appeal the decision should email [email protected]. All financial aid applicants must reapply for financial aid each year, and if the family's economic situation remains constant, they will receive a financial aid award comparable to the first year.
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Frequently asked questions
Cornell University provides need-based financial aid to admitted international students who have applied for financial aid and demonstrated financial need. The amount of aid provided depends on the relative wealth of the student's family and country of origin.
All first-year and transfer undergraduate international applicants seeking Cornell grant or scholarship aid must complete the CSS Profile when they apply for admission. You will also need to upload signed copies of requested documents via your IDOC Student Dashboard.
Cornell meets 100% of admitted international undergraduates' demonstrated financial need with annual aid offers that include Cornell grants, an annual work-study award, and reasonable student loans depending on total family income.
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