To comply with Rule 15c2-12 promulgated by the Securities and Exchange Commission (SEC) under the Securities Exchange Act of 1934 as amended (“Rule 15c2-12”), Cornell University has undertaken in a written agreement (the “Continuing Disclosure Agreement”) for the benefit of the bondholders. Cornell's annually shares and posts to the Municipal Securities Rulemaking Board (“MSRB”) its operating and financial information (shown below), and financial report, as well as its Electronic Municipal Market Access System (EMMA) for municipal disclosures with the assistance of Digital Assurance Certification LLC (“DAC”).
Annual Operating and Financial Information
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- Freshman Admission Statistics
-
| Fall |
Total Applications |
Acceptances |
Acceptance Rate |
Number Enrolled |
Yield |
| 2017 |
47,039 |
5,962 |
12.7% |
3,375 |
56.6% |
| 2018 |
51,324 |
5,448 |
10.6% |
3,325 |
61.0% |
| 2019 |
49,114 |
5,330 |
10.9% |
3,218 |
60.4% |
| 2020 |
51,500 |
5,514 |
10.7% |
3,296 |
59.8% |
| 2021 |
67,380 |
5,852 |
8.7% |
3,765 |
64.3% |
- Percentage of Entering Freshmen Scoring 600+ on SAT
-
| Fall |
Verbal |
Math |
| 2017 |
97 |
96 |
| 2018 |
98 |
98 |
| 2019 |
96 |
98 |
| 2020 |
98 |
98 |
| 2021 |
99 |
99 |
- Graduate and Professional School Admissions
- Graduate School, Fall 2021
| Total Applications |
30,074 |
| Acceptances |
6,404 |
| Acceptance Rate |
21.3% |
| Number Enrolled |
3,052 |
| Yield of Acceptances |
47.7% |
For FY 2020 and future disclosure reports, due to changes in how Cornell collects and records data, the University will report the Graduate School admissions data only. The Graduate School enrollment represents approximately 70% of all graduate students.
- Enrollment Summary
-
| Fall Enrollment Year |
Full-Time Undergraduate |
Full-Time Grad./Prof. and Medical College |
Total Full-Time Enrollment |
| 2017 |
14,907 |
9,219 |
24,126 |
| 2018 |
15,182 |
9,666 |
24,848 |
| 2019 |
15,038 |
10,210 |
25,248 |
| 2020 |
14,743 |
10,199 |
24,942 |
| 2021 |
15,503 |
11,453 |
26,956 |
- Tuition and Other Student Charges
-
Undergraduate
| |
2016-2017 |
2017-2018 |
2018-2019 |
2019-2020 |
2020-2021 |
| Endowed Colleges |
50,712 |
52,612 |
54,584 |
56,550 |
58,586 |
| Contract College – Resident |
33,968 |
35,242 |
36,564 |
37,880 |
39,244 |
| Contract College - Non-resident |
50,712 |
52,612 |
54,584 |
56,550 |
58,586 |
| Room and Board1 |
14,380 |
14,766 |
15,246 |
15,796 |
15,796 |
1Refers to average cost of room and board for the Ithaca Campus.
Graduate and Professional
| |
2016-2017 |
2017-2018 |
2018-2019 |
2019-2020 |
2020-2021 |
| Master’s Degree (Tier 1) |
50,712 |
52,612 |
54,584 |
56,550 |
58,586 |
| Master’s Degree (Tier 2) |
33,200 |
34,444 |
35,736 |
37,022 |
38,354 |
| Masters & Doctoral Degree (Tier 3) |
29,500 |
29,500 |
29,500 |
29,550 |
29,500 |
| Masters & Doctoral Degree (Tier 5) |
20,800 |
20,800 |
20,800 |
20,800 |
20,800 |
| Johnson Graduate School of Management (MBA) |
61,584 |
63,894 |
66,290 |
69,440 |
71,940 |
| Law School |
61,400 |
63,242 |
65,456 |
67,748 |
70,188 |
| Veterinary Medicine Professional - Resident |
33,732 |
34,750 |
35,966 |
37,136 |
38,250 |
| Veterinary Medicine Professional - Nonresident |
49,492 |
50,980 |
52,892 |
54,744 |
56,824 |
Series 2019D, 2019A,B, 2016, 2004AB, 1990B
-
Weill Cornell Medicine
| |
2016-2017 |
2017-2018 |
2018-2019 |
2019-2020 |
2020-2021 |
| Medical College (M.D.) |
52,500 |
55,130 |
57,050 |
58,760 |
61,110 |
| Graduate Medical College (Ph.D.) |
33,500 |
35,170 |
36,170 |
37,250 |
38,370 |
- Sources of Undergraduate Aid
-
Sources of Undergraduate Aid (in thousands of U.S. dollars)
| Academic Year |
Cornell Grants/Aid |
State Aid |
Federal Aid |
Outside Awards |
Totals |
| 2016-2017 |
244,128 |
5,850 |
47,617 |
17,938 |
315,553 |
| 2017-2018 |
262,939 |
6,288 |
49,298 |
19,626 |
338,151 |
| 2018-2019 |
270,739 |
6,419 |
49,967 |
20,423 |
347,548 |
| 2019-2020 |
280,757 |
6,345 |
50,318 |
22,797 |
360,217 |
| 2020-2021 |
297,232 |
6,345 |
50,318 |
22,797 |
376,692 |
- University finances, unless such information is included in the Audited Financial Statements
- As of June 30, 2021. Please see 2020-2021 Audited Financial Report (including footnotes).
- Gifts and investments, unless such information is included in the Audited Financial Statements
- As of June 30, 2021. Please see 2020-2021 Audited Financial Report (including footnotes).
- Government contracts and grants, unless such information is included in the Audited Financial Statements
- As of June 30, 2021. Please see 2020-2021 Audited Financial Report (including footnotes).
- Outstanding indebtedness, unless such information is included in the Audited Financial Statements
- As of June 30, 2021. Please see 2020-2021 Audited Financial Report, Footnote 9.
- A narrative explanation, if necessary to avoid misunderstanding, and to assist the reader in understanding the presentation of financial and operating data concerning the Institution and in judging the financial and operating condition of the Institution
- As of June 30, 2021. Please see 2020-2021 Audited Financial Report (including footnotes).
- Any annual financial information containing modified operating data or financial information shall include an explanation, in narrative form, of such modifications
- As of June 30, 2021. Please see 2020-2021 Audited Financial Report (including footnotes).
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