Financial Aid

Financial Aid  

Financial Aid


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Office of the Bursar

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Student Financial Planning

S2009 Schurman Hall
Ithaca, NY 14853

P: 607-253-3766
F: 607-253-4095
vetfinaid@cornell.edu

Financial Aid Policies Overview

We are eager to help you and your family understand our financial aid programs, and to assist you in finding ways to meet your educational costs. Each year, more than 90% of our veterinary students receive some form of need-based assistance. Typical financial aid packages are comprised of institutional gift aid, loans, and external scholarships, in addition to student earnings and parents' contributions. Our College commits more that $2 million annually to provide financial assistance to students. We strive to make a Cornell veterinary degree accessible to a diverse student body, and to ensure that those with demonstrated financial need can afford to pursue their dream of becoming a veterinarian.

SOURCES OF FINANCIAL AID PROVIDED IN 2012-2013
Our financial aid applicants received financial assistance from the following sources:

LOANS: federal and campus based

59%

GIFT AID: grants, scholarships and fellowships

14%

SELF HELP: student earnings and parental contributions

26%

OUTSIDE GIFT AID: state grants and private scholarships

1%

While loans and family contributions still represent the major sources of money for veterinary students, increasing available grant and scholarship moneys continues to be one of the College's highest fundraising priorities. All applicants for financial aid are automatically considered for any gift aid available through the College, providing they have supplied the necessary documentation.

Awards of financial aid are based upon a careful analysis of each student's need. Individual packages will, of course, vary depending on personal circumstances. We take the demands and constraints of the educational program into consideration when formulating a financial aid package, so award packages may also vary from year to year. For example, first-year students are encouraged to concentrate on making a successful adjustment to the rigorous academic program and are advised not to make a large commitment to employment during the academic year. Therefore, a first-year student's package may contain a slightly larger percentage of loans than that of the average second-year student, who may be better able to afford a few hours each week to substitute earnings for borrowed funds.

All students younger than 30 years of age on January 1 of the year of financial aid application are considered to be dependent on their families. The ability of the family to assist the student (rather than parental preference or intent) is the basis for determining eligibility for institutional aid such as College grants and scholarships, and the Health Professions Student Loan (which is mandated by federal guidelines). Students in graduate and professional programs are considered independent for purposes of the Federal Direct Loan programs and Federal Work Study. Students who want aid only from those programs need not provide parental data.

mAll offers of financial aid are based on financial data, provided by students and their families. All students applying for aid should plan to have their federal income tax returns completed (and other information needed to complete the financial aid application) by late February to ensure timely processing of the information and receipt of a financial aid offer. First-time applicants and their families will be asked to provide verification of federal adjusted gross income and taxes paid through the Internal Revenue Service as well as copies of the actual tax returns filed.

To expedite your financial aid offer, please provide financial information as early as possible. If we contact you to to clarify or verify information stated on the required Free Application for Federal Student Aid (FAFSA) or the supplemental College Scholarship Service (CSS) PROFILE application, please respond as soon as possible to avoid any unnecessary delay.

Financial aid resources in the College are managed to support the goal of equality of educational opportunity and are allocated on the basis of demonstrated need. No student shall be denied access to financial aid or be discriminated against otherwise because of race, color, religion, sex, national or ethnic origin, age or disability. In addition, the admissions process will in no way be influenced by the need for financial aid. All information relating to an applicant's personal or familial financial circumstances is held in strictest confidence.