Thousands of Cornellians may face higher debt loads if a bill that supports subsidized Stafford loans expires on July 1, which will cause interest rates on the loans to double from 3.4 to 6.8 percent.

Amid proposed cuts to federal financial aid programs, 11 students traveled to Washington, D.C., on Tuesday to lobby Congress to support student aid.

Eric Hyun Jae Cheon ’12 says he faces a grim truth: he may have just one week left at Cornell.

The University — a primary beneficiary of taxpayer dollars through its contract colleges and federal aid programs — must find other means to provide substantial financial aid without letting the burden fall solely on the student population.

President David Skorton pledged to search for sources of funding for undocumented students at Cornell at a meeting of the Student Assembly on Thursday.

While University expenditures on financial aid have skyrocketed, administrators warned of a decline in the number of students attending from middle-income backgrounds.

Due to a recent change in the University’s financial aid policy, many expect that changing allocations will restrict the ability of undocumented students — who are living in the U.S. illegally — to attend Cornell.

In a letter to the editor, Daniel Kuhr '13 argues that the University is working hard to increase its socioeconomic diversity.

The Cornell Financial Aid office is celebrating a last-minute federal budget compromise reached on Friday, which largely spared student aid programs.