Financial Aid

Student loans for the Cornell Executive MBA and Cornell Executive MBA Americas

Many students receive some form of sponsorship from their employer. In some cases, students may need to apply for loans to cover all or part of their tuition. We have designed this page for your information and to help you through the student loan application process. The loan programs outlined below are available regardless of financial need and the amount of eligibility depends on the total cost of the program.

Please note: a significant amount of your student loans require a credit check. 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 loans are available to U.S. citizens and U.S. permanent residents (green card is required).  For additional information about the federal student loan programs visit www.studentaid.ed.gov 

How to apply for federal student loans:

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 2)
  2. Complete the Johnson Graduate School of Management Federal Loan Application
  3. Submit completed form to:

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

  • You may borrow up to the program expenses, see tuition table below
  • Please note, you must complete a separate loan application for each term
  • Students can borrow through the 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.
  • You must complete a separate federal loan application for each term.
  • Global Course trek expenses can be requested as a budget increase for federal student loan (documentation will be required).

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 finaid@cornell.edu with questions regarding the federal loan process and eligibility.

Cornell Executive MBA Americas Class of 2017 Term table for each Academic/Financial Aid Year:

2015-16 Academic/Financial Aid Year (1)

Term Amount Bill Date Payment Due Date

Summer 2015

$43,000

6/12/2015

7/7/2015

Fall 2015

$0

--

--

Spring 2016

$43,000

12/11/2015

1/7/2016

2016-17 Academic/Financial Aid Year (2)

Summer 2016

$43,000

6/10/2015

7/7/2016

Fall 2016

$0

Total $129,000

Cornell Executive MBA in Metro NY Class of 2017 Term table for each Academic/Financial Aid Year:

2015-16 Academic/Financial Aid Year (1)

Term Amount Bill Date Payment Due Date

Summer 2015

$40,985

6/12/2015

7/7/2015

Fall 2015

$0

--

--

Spring 2016

$40,985

12/11/2015

1/7/2016

2016-17 Academic/Financial Aid Year (2)

Summer 2016

$40,985

6/10/2016

7/7/2016

Fall 2016

$0

--

--

Spring 2017

$40,985

12/9/2016

1/7/2017

Total $163,940

Private Education Loan Program Information

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.  Review our loan comparison chart to help decide which loan option may be better for you.  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. If a student elects to borrow through a private lender we ask that you notify the financial aid office so we can certify your loan.

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 3-10%; 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 Bank: http://www.citizensbank.com/trufitlending/

Discover: https://www.discover.com/student-loans/pay-for-college/index.html

Sallie Mae: https://www.salliemae.com/

Wells Fargo: https://www.wellsfargo.com/student/

Please note approval for Federal Graduate Plus and Private loans are based on a review of your credit history. It is important to have a good credit record. Start by ordering a Free Annual Credit Report.

Although scholarship support is not available from Johnson or Cornell, scholarships from outside the school are available from many sources. There is some effort involved in securing outside funds. The key is to apply early. Private scholarships may be based on various selection criteria: academic achievement, religious affiliation, ethnicity, memberships, civic activities, hobbies, or special talents.

College Scholarships, Grants, Competitions and Awards Resources. You can search the Web for free on the following sites:

http://www.fastweb.com
http://www.scholarships.com/about-us/
http://www.scholarshipsandgrants.us/

 

GI Bill Assistance

Applicants to our Executive MBA programs who have a military background may be eligible for several forms of financial benefits. Veterans should contact their Veterans Administration regional office for eligibility.

Once students have determined their VA eligibility and receive the certificate of eligibility letter from the VA, please forward to the Johnson Financial Aid Office for further processing.  Cornell's Office of the University Registrar certifies all enrollments to the VA beginning early September.  Please note that the VA uses Ithaca, NY zip code 14853 for all Cornell students to determine housing allowance.  For further information on benefits visit the VA website at http://www.gibill.va.gov/.

Executive MBA programs do not participate in the Yellow Ribbon Program however; a special scholarship program has been established for any applicant who is eligible for the Yellow Ribbon Program as per the criteria established by the Veterans Administration. A limited number of scholarships are available.  To be considered for this scholarship email emba@cornell.edu

Financial Aid Office
113 Sage Hall
Ithaca, NY 14853
Phone: 607 255-6116
Fax: 607 255-0065
e-mail: Financial Aid