Cornell Class of 2018 Forum

[mt2165]

Hi all,

I will be attending Cornell this Fall with a $120,000 scholarship, and I've been looking into how to finance the rest of the school's cost. The student budget at Cornell is an estimated ~$80,000 per year ($60,000 tuition), and I will be receiving $40,000 per year in scholarship funds. That means that my tuition will cost me ~$20,000 per year and my room & board will cost me ~$10,000, making my most basic expenses total $30,000 per year.

This is where my questions start. From what I can gather, I can access $20,500 per year in Federal Direct loans. In addition to this (please correct me if I'm wrong), I can access $19,500 in Graduate PLUS loans. That is, 80,000 - 40,000 - 20,500 = 19,500. This would mean that after tuition and room & board, I would have $9,500 per year to live on. However, I would also need to factor in food, books & supplies, travel home in the winter and part of the summer, and (presumably) the cost of summer living expenses. I am a bit worried about this, so I have a few questions:

1. Is my math correct? (lol)
2. Is this a typical arrangement, or is there another source of money (besides parents, savings, etc) that students typically draw money from? i.e. private bank loans
3. The reason living on $10,000 for everything else in a year worries me is the cost of moving out of the dorm in the summer, after which I would hope to do a summer internship somewhere. How do students typically finance living expenses for internships? Are they paid well enough to survive? Is it possible for housing to be provided to interns? I know very little about this process

Thanks in advance for any responses to my wall of text!

Not sure if anyone answered you, but I'm pretty sure there is not a cap on grad plus loans, you can take out as much as you need to cover the cost of attendance as dictated by the school, so in your case you're looking at around 20k in grad plus loans (trying to live off of 10k all year would be real rough especially given ithacas inexplicably high housing costs). One of the main objectives of the education financing reform is precisely to avoid the issue you think you have i.e. coming up short in regards to funds for education. And for those that get certain qualified unpaid injternships, you get a work-study for 2.4k and a PIF grant for 1.6k, coming up to 4k to subsist off for the summer.

[nawi226]

Hi all,

I will be attending Cornell this Fall with a $120,000 scholarship, and I've been looking into how to finance the rest of the school's cost. The student budget at Cornell is an estimated ~$80,000 per year ($60,000 tuition), and I will be receiving $40,000 per year in scholarship funds. That means that my tuition will cost me ~$20,000 per year and my room & board will cost me ~$10,000, making my most basic expenses total $30,000 per year.

This is where my questions start. From what I can gather, I can access $20,500 per year in Federal Direct loans. In addition to this (please correct me if I'm wrong), I can access $19,500 in Graduate PLUS loans. That is, 80,000 - 40,000 - 20,500 = 19,500. This would mean that after tuition and room & board, I would have $9,500 per year to live on. However, I would also need to factor in food, books & supplies, travel home in the winter and part of the summer, and (presumably) the cost of summer living expenses. I am a bit worried about this, so I have a few questions:

1. Is my math correct? (lol)
2. Is this a typical arrangement, or is there another source of money (besides parents, savings, etc) that students typically draw money from? i.e. private bank loans
3. The reason living on $10,000 for everything else in a year worries me is the cost of moving out of the dorm in the summer, after which I would hope to do a summer internship somewhere. How do students typically finance living expenses for internships? Are they paid well enough to survive? Is it possible for housing to be provided to interns? I know very little about this process

Thanks in advance for any responses to my wall of text!

Not sure if anyone answered you, but I'm pretty sure there is not a cap on grad plus loans, you can take out as much as you need to cover the cost of attendance as dictated by the school, so in your case you're looking at around 20k in grad plus loans (trying to live off of 10k all year would be real rough especially given ithacas inexplicably high housing costs). One of the main objectives of the education financing reform is precisely to avoid the issue you think you have i.e. coming up short in regards to funds for education. And for those that get certain qualified unpaid injternships, you get a work-study for 2.4k and a PIF grant for 1.6k, coming up to 4k to subsist off for the summer.

Thanks for your response. So if it is the case that I am only allowed $20k for the entire year in grad plus loans, then I am stuck with $10k for the entire year for everything but tuition and room & board, which sucks. When does the student aid report get released, and how common is my situation? (Not rich, no savings, just out of undergrad, etc)

[runinthefront]

I PMED you. Chill

[nawi226]

I PMED you. Chill

Lol, thanks.

[hodzdoh]

The Cornell Law section of TLS Class of 2018: Destinations is lookin' kinda shabby, y'all should post and get added to the list! http://www.top-law-schools.com/forums/v ... 5&t=245085

^

[hodzdoh]

just got my NetID. such a great way to start off the morning

[Yeezus]

just got my NetID. such a great way to start off the morning

Same here. I like my 3 numbers as well, real easy to remember

[future!jd12]

Just read the email about transcript/deans certification. What email address should we have our stuff sent to? The email didn't specify and I'm too intimidated to reply and ask - she sounded like she did not want anyone replying

[Lavitz]

Just read the email about transcript/deans certification. What email address should we have our stuff sent to? The email didn't specify and I'm too intimidated to reply and ask - she sounded like she did not want anyone replying

The address is on the form: http://www.lawschool.cornell.edu/admiss ... t_2015.pdf

[Lawperson2018]

Just read the email about transcript/deans certification. What email address should we have our stuff sent to? The email didn't specify and I'm too intimidated to reply and ask - she sounded like she did not want anyone replying

You might also want to take a look at the checklist for new students if you've not done so already: https://newstudents.cornell.edu/
I wasn't aware this convenient little checklist existed until I saw mention of it in the Facebook group a few days ago.

[psandman]

Is anyone still looking for a roommate, or roommates? Feel free to PM me (or message me on facebook: Patrick Sandman). Also--I sent a similar message to NYU a few weeks ago, but have decided on Cornell.

[Yaaaas2013]

I PMED you. Chill

PM me the same info. Thanks darling

[Yeezus]

Anybody know if/when we have to give them our parents' latest tax returns if we're planning on taking out loans?

[runthetrap1990]

Anybody know if/when we have to give them our parents' latest tax returns if we're planning on taking out loans?

I was told last year ASAP - when they were filed and completed by my parents.

[smiles123]

I don't think you need to give your parents tax info for loans. Only if you applied for need based grants on the financial aid info sheet. But I could be wrong.

[Yeezus]

Just curious, but when is everyone planning on moving to Ithaca?

[altf4]

[youtube][/youtube]

Just curious, but when is everyone planning on moving to Ithaca?

Assuming that I get invited to the orientation, the weekend before it starts! So August 15-16ish ideally, and hoping that Hughes lets us move in then! (Can anyone confirm or deny this?)

[Lavitz]

[youtube][/youtube]

Just curious, but when is everyone planning on moving to Ithaca?

Assuming that I get invited to the orientation, the weekend before it starts! So August 15-16ish ideally, and hoping that Hughes lets us move in then! (Can anyone confirm or deny this?)

If you are invited to AOP, then yes, you can move in to Hughes early.

[Lavitz]

Your class schedule is up: https://support.law.cornell.edu/student ... hedule.pdf . 1L classes are in green. Obviously, you don't know which profs you have until your sections are assigned, but notice all of your classes are either 1 or 2 sections. Small class sizes.

[scofield0183]

Your class schedule is up: https://support.law.cornell.edu/student ... hedule.pdf . 1L classes are in green. Obviously, you don't know which profs you have until your sections are assigned, but notice all of your classes are either 1 or 2 sections. Small class sizes.

Thank you Lavitz! So when did the section assignment come out last year?

[runthetrap1990]

Your class schedule is up: https://support.law.cornell.edu/student ... hedule.pdf . 1L classes are in green. Obviously, you don't know which profs you have until your sections are assigned, but notice all of your classes are either 1 or 2 sections. Small class sizes.

Thank you Lavitz! So when did the section assignment come out last year?

I believe early August, like first week. Though, be sure to wait a day or two before jumping on buying books because things could change around (I know a few people who got switched around).

Having three civpro sections (instead of 2 super groups) and such small K sections are interesting moves. I wonder how that will work out for you all.

[WeeBey]

Did anybody recieve anything about the health forms? I havent, and I just went on the site and saw it had a June 17th deadline...

[runinthefront]

I feel like I came to Cornell one year too early

property/torts with Dean P/Schwab seems clutch

[Lavitz]

I feel like I came to Cornell one year too early

property/torts with Dean P/Schwab seems clutch

There's no way Schwab is better than Heise. Nor can Dean P beat Alexander and his "Mad Men" moment.

[runthetrap1990]

I feel like I came to Cornell one year too early

property/torts with Dean P/Schwab seems clutch

There's no way Schwab is better than Heise. Nor can Dean P beat Alexander and his "Mad Men" moment.

Dean P seems like he would be one of the best property professors ever. When he did his review session and started going off on the takings clause. Straight up killed it (and this is coming from someone who had only utter disdain for property). Enjoy it future 1Ls.