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In a State of the University address largely devoted to a report on Cornell's financial stability and the need to preserve and protect the university's future, President David Skorton pledged that Cornell "cannot and will not retreat from our long-standing commitment to need-based student financial aid."
Delivering the speech during the annual Cornell Trustee/Council Weekend in Statler Auditorium today, Oct. 17, he committed to raising an additional $125 million for undergraduate financial aid, and he asked for the support of alumni.