Originally Posted by Anonymous
Originally Posted by Anonymous
Originally Posted by Anonymous
Did anybody think that maybe the family could not afford to pay for cornell?


No. Cornell has tons of grant money available to meet the needs of low income families.


You guys really don't get it yet, but you will. Grant money and aid money are based upon your income. For most people reading this board, you will not qualify for any free money based upon need.

You may get a few lax $ and perhaps a few merit/gpa $, but for aid you need to be very poor.

Say the family can afford 10k per year and say cornell also gave 10k, that means the kid is borrowing around 40k per year.

You really think it is a good bet for a kid to start off life with 160k in student loan debt?

Then he goes out and gets a job, if he is lucky, for 50k per year and lives in your basement for the next 5 years. People need to wake up and do the math both before school and then what the likely incomve levels are after school...

It's quite common that an IVY grad is making $500k+ 10 years into their careers. The $160k will be all but forgotten about in the long run. Think bigger.