An endeavor for a Master of Business Administration degree is an investment that, like any other major investment, should be evaluated carefully. Education loans represent a serious debt obligation and the monthly payments that will be encountered upon graduation should be considered. Manageable education loan repayments represent 6.5 to 12% of after-tax income or 5 to 9.5% of gross starting salary. Cornell promotes responsible borrowing and you should never borrow more than you need.

Please note a significant amount of your student aid will be in the form of student loans, it is imperative that you establish and maintain a clean credit record. If you have had credit problems in the past, it is important to take steps to improve your record. All aid applicants should request a free credit report annually.

Federal student loan requests will be processed by Cornell University, Office of Financial Aid and Student Employment.

Follow these simple steps to apply for federal student loans for the 2015-16 academic year:

  1. Complete the 2015-16 FAFSA (if you have already completed the FAFSA, proceed to step 3)
  2. One-Year MBA programs; will also complete the 2014-15 FAFSA for summer loans
  3. Complete the Johnson Graduate School of Management Federal Loan Application
  4. Submit completed form to:
    1. Online: (upload electronically)
    2. Fax: 607-255-6329

Here is some general information to keep in mind as you complete the application:

  • You may borrow up to the published cost of attendance less any scholarship or other aid.A breakdown of the cost of attendance can be found on our website.
  • Students can borrow through the Federal Direct Perkins Loan ($8,000 maximum annual amount); Federal Direct Unsubsidized Loan ($20,500 maximum annual amount); and the Federal Direct Graduate PLUS loan.
  • Terms and conditions for these programs can be found on the US Department of Education website.
  • Perkins loans are need based and eligibility is calculated using information on your FAFSA and the availability of funding.

Once your request has been processed, you will receive a federal loan notification from the Office of Financial Aid and Student Employment.

Contact the Office of Financial Aid and Student Employment at with questions regarding the federal loan process and eligibility.

Private Education Loans

Private loans may be borrowed in place of the federal loan programs. We recommend borrowing through the federal loan programs but it is a students choice if they decide to borrow through a private lending institution. Cornell can not recommend any particular lender, but encourages you to compare lenders and loan terms to select the lender that best fits your needs.  Students are responsible for researching and applying for their alternative loan. You may borrow up to the published total cost of attendance less any financial aid received.  Learn about the advantages of taking federal student loans over private, non-federal loans.

Private education loans are funded by private lending institutions and require a separate loan application. Private loans may offer fixed and variable interest rates based on a borrower's credit history and credit score. Depending on ones credit score and if they have a co-signer the tier pricing can range anywhere from prime to prime plus 8-10%; and a fee from 0% - 5%. Loan amounts are limited to the published total cost of education as determined by the educational institution, less any loans or financial assistance you receive. There are also cumulative borrowing limits which may affect the amount you qualify to borrow.

Private educational loans are available to students through various lenders. We have a neutral lender list which students from Cornell have previously borrowed through. Students may choose any lender, including one not on our list:

Citizens TruFit:

Discover Student Loans:

Sallie Mae Loans:


Wells Fargo: