Briefly: Cornell expands financial aid program

In an expansion of its financial aid program, Cornell University will no longer require a parental contribution for families with incomes below $60,000 per year and assets below $100,000, the university announced Thursday. The new policy will also reduce student loans, capping need-based student loans at $7,500 per year for students who have incomes above $120,000 per year and also need aid. The change comes less than two weeks after Cornell said it would no longer hire new staff until March 31, 2009. At the same time, the university said it would not approve pending construction projects for the next 90 days.

Comments