by our College Data Analytics TeamRather than paying the full sticker price for a college education, most students receive a financial aid package that eases the burden with scholarships, grants, loans, and work-study options, while the amount and type of aid may vary among students.
Curious about the financial aid opportunities at Cornell College and what you may be eligible for? Explore the answers here.
$33,132.00 is the typical Cornell College’s first year financial aid package. Financial aid is provided to about 100% of first-year students, with the bulk of support coming in the form of grants and scholarships.
A financial aid package includes loans, grants, and scholarships. However, student loans have to be paid back, so they aren’t a true discount.
Uneasy about the debt that may be included in your financial aid plan? Find the average amount of debt per student at Cornell College.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The next numbers refer to grants and scholarships mainly supplied by the college itself.
100% of new students (270 total) were given scholarships at Cornell College, averaging $31,082.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 26% of freshman students (71 total) obtained federal grant aid, averaging $4,686.00 a piece.
The table shows scholarship and grant allocations by income for first-year students receiving any type of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 8.15% | $41,395.00 |
| Income 30k-48k | 4.81% | $40,573.00 |
| Income 48k-75k | 11.11% | $36,404.00 |
| Income 75k-110k | 15.56% | $33,811.00 |
| Income 110k + | 28.89% | $31,199.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
Of the 270 undergraduate students at Cornell College around 100% (270 total) receive some form of grant aid. The typical amount awarded was $33,132.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.