Lana Oconnell
Cornell University is an Ivy League school with an annual cost of attendance of over $69,000. However, the average net price of tuition and fees is significantly lower, ranging from $14,610 to $50,524, depending on various factors. These factors include income, scholarships, and grants, with Cornell offering a range of financial aid packages to its students. The average need-based scholarship or grant awarded to first-year students is $59,302, while the average need-based self-help aid is $4,574. Additionally, Cornell's student aid programs ensure that eligible students from low- and middle-income families have access to a world-class university experience.
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Scholarships and grants
The cost of attendance at Cornell is based on a variety of factors, including your undergraduate college, academic program, New York state residency, on- or off-campus housing plans, and other factors. This cost includes tuition, fees, and other components such as housing, food, books, transportation, and health fees.
To make its world-class education accessible and affordable for all eligible students, Cornell offers a range of scholarships and grants to its undergraduate students. These include Cornell grants and endowed scholarships, which are need-based "gift aid" that does not need to be repaid. Eligibility for these is determined by the information provided in the CSS Profile application(s) for first-year students and the FAFSA form for continuing students. Cornell grants are awarded to undergraduates who complete the annual aid application requirements and demonstrate financial need. The amount of the Cornell grants and endowed scholarships varies and is awarded after considering federal, state, and other external grant or scholarship funding.
Endowed scholarships are also awarded in combination with Cornell grants to eligible undergraduates who match donor-established criteria or preferences for each endowed fund. These scholarships may replace a Cornell grant, work-study, or student loan offer, depending on the donor's criteria. Endowed scholarships are established by individuals who are often Cornell alumni and care deeply about the university and its students.
It is important to note that Cornell does not offer any merit-based or athletic scholarships. Additionally, need-based grants or scholarship aid is not available for certain optional fees, such as course fees, gym memberships, premium housing options, or the cost of the Cornell Student Health Insurance Plan (SHP). Students may request student loan funding to cover these optional fees and the cost of the SHP if needed.
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Student loans
The cost of attendance at Cornell University is estimated to be $69,000 per year. However, the amount that students are expected to pay varies depending on their financial situation and the availability of financial aid. Cornell University is "need-blind" during the admissions process, meaning that a student's ability to pay is not considered when they are accepted. This can benefit students from lower- and middle-income families who cannot otherwise afford the cost of Cornell.
In the 2022-23 academic year, 60% of full-time first-year undergraduates received some sort of financial aid. This included grants or scholarship aid (51% with an average award of $56,741), federal grants (19% with an average award of $7,540), Pell grants (19% with an average award of $5,708), other federal grants (9% with an average award of $3,984), state or local grants (14% with an average award of $3,557), and institutional grants (55% with an average award of $55,091).
The average need-based self-help aid awarded to first-year students was $4,574, which includes federal loans and work-study. Cornell University met 100% of its students' financial aid needs. The average debt among Cornell students who take on loans is about $24,000. The median federal loan debt among borrowers who completed their undergraduate degree is $14,000, with a median monthly federal loan payment of $148 (if repaid over 10 years at 5.05% interest). Additionally, 6% of graduating students at Cornell University took out private loans, with an average debt of $63,533 at graduation.
Students can also work while studying to help with the cost of attendance. Schools offer work-study programs and campus jobs for students looking to earn money in their free time. Some institutions match students with work-study positions, while others require them to apply for these positions.
The cost of attendance at Cornell includes tuition fees and other components, such as housing, dining, transportation, health fees, and other supplies. The estimated cost of attendance is based on a variety of factors, including the undergraduate college, academic program, New York state residency, and on- or off-campus housing plans.
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Part-time fees
The cost of attending Cornell University is dependent on a variety of factors, including income, scholarships, grants, and financial aid. While the cost of tuition and fees can be as high as $69,144 per year, many students end up paying significantly less than the published tuition price after financial aid, grants, and scholarships are factored in.
For the 2024-2025 academic year, students who want to earn college credit without enrolling in a degree program can study at Cornell part-time for a cost of $1,840 per credit hour. This is a great option for those who want to take advantage of the university's world-class education without committing to a full-time program.
It's important to note that part-time students may have different eligibility for financial aid and scholarships compared to full-time students. Part-time students should consult with the university's financial aid office to understand their options for funding their education.
In addition to tuition fees, part-time students should also consider the cost of housing, food, books, transportation, and other supplies. These costs can vary depending on the student's housing plans and personal choices. For example, the cost of renting an apartment off-campus will depend on the location and size of the apartment. On the other hand, students who choose to live on campus will be subject to the university's housing and dining fees, which are typically billed directly to the student.
Overall, the cost of attending Cornell University as a part-time student can vary significantly depending on the student's individual circumstances and choices. It is important to carefully consider all the associated costs and financial aid options before enrolling.
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Housing costs
The cost of on-campus housing at Cornell is higher than the national average. For the 2022-2023 academic year, the average student nationwide paid around $15,282 for on-campus housing, while Cornell students paid about $19,272. This disparity is even more pronounced when compared to the average cost of off-campus housing in the Ithaca area, which can vary significantly.
Off-campus housing costs near the Cornell campus can vary widely, with some students reporting rent prices that make their "eyes water". For example, a 2-bedroom, 2.5-bathroom townhouse located a mile from campus was advertised with rent set at $1,700 per month, plus utilities. Such prices are not uncommon for rental properties in close proximity to the university.
It is worth noting that Cornell's student aid programs can significantly lower the cost of attendance, making a world-class university experience accessible and affordable for eligible students. Financial aid packages may include need-based grants or scholarships, and students are encouraged to explore Cornell's Net Price and Quick Cost Calculators to estimate their expected costs. Additionally, Cornell requires all students to have health insurance and offers an optional Cornell Student Health Insurance Plan (SHP) for those not covered by a family policy or with insufficient insurance coverage.
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Health insurance
Cornell University requires all students to have health insurance that meets the university's requirements or to enrol in Cornell's Student Health Plan (SHP). Students studying on Cornell's Ithaca and Geneva campuses pay a student health fee to help support affordable and equitable access to high-quality on-campus health services. The student health fee is part of Cornell Health's overall funding model, which enables subsidised access to care when a student's insurance does not cover services.
The student health fee is charged to students' Bursar bill at the beginning of each semester, and students who pay the health fee have a $10 visit charge for most Cornell Health services. Certain services, such as pharmacy prescriptions, lab tests, immunizations, and travel medicine, may have additional costs. Cornell Health will bill the student's health insurance plan as the primary payer for medical and psychiatry services received on campus, excluding most counselling services and STI screenings.
Cornell Health's pharmacy is in-network with several insurance providers, including Aetna US Healthcare, Advance Pharmacy, and Cornell Student Health Plan. If a student's insurance is out-of-network, they will be asked to pay out-of-pocket at the time of care and can submit a claim to their insurance company for reimbursement. Students with high "cost-share" insurance plans may be responsible for paying any remaining costs not covered by their insurance, including copayments, coinsurance, and deductibles.
Students can pay their Cornell Health charges through various methods, including Automatic Bursar billing, credit card, or online through myCornellHealth with a Cornell NetID. It is important to note that credit card payments for medical expenses may not receive the same state and federal protections as other forms of payment.
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Frequently asked questions
The cost of attending Cornell University can vary depending on factors such as income, scholarships, grants, and loans. The reported tuition for the 2018-2019 school year was $69,000 per year, but many students ended up paying less after receiving financial aid. The cost to attend Cornell University can range from $50,524 per year to $69,144 per year.
The average net price of tuition and fees at Cornell University was $14,610 in 2019. This number is calculated by subtracting grants and scholarships from the total cost of attendance.
Cornell University offers various types of financial aid, including grants, scholarships, federal loans, and work-study programs. Cornell is "need-blind" during the admissions process, meaning a student's ability to pay is not considered when applying. In the 2022-23 academic year, 60% of full-time beginning undergraduates received some form of financial aid.
The median federal loan debt among borrowers who completed their undergraduate degree at Cornell University is $14,000. The average debt among Cornell students who take on loans is about $24,000. Additionally, 6% of graduating students took out private loans, with an average debt of $63,533.
