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. Scholarship support is not available from Cornell University or Johnson.
A significant amount of your student loans will 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.
There is no need-based aid available for Graduate/Professional students. There are Federal student loans 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:
Follow these three simple steps to apply for federal student loans for the 2018-19 academic year (includes summer 18 term):
- Complete the 2018-2019 FAFSA. Suggested filing by May 1
- Complete the Federal Loan Application to request the amount of loan you wish to borrow
- Upload completed loan request
Here is some general information to keep in mind as you complete the application:
- You may borrow up to the program expenses - link to the tuition cost table below by selecting your program and class year.
- Students can borrow through the Federal Unsubsidized Loan ($20,500 maximum annual loan amount); and the Federal Graduate PLUS loan (the PLUS program allows students to borrow up to the cost of tuition less other aid) per academic year. You will need to reapply for loans in your second year.
- The PLUS program requires a credit check. The credit check is conducted by the Department of Education after your loan request has been processed by our office (borrower must not have an adverse credit history).
- When determining the amount you wish to borrow, please make sure you have included any loan origination fees that are deducted from the loan proceeds.
- Interest rates and the term conditions for federal loan programs can be found on the US Department of Education website.
- Global Course trek expenses can be requested as a budget increase for federal student loan (documentation will be required).
Tuition Cost Breakdown by Term
The Johnson School Financial Aid Office will begin processing federal student loan request beginning mid-April. Loan award notifications are emailed to your Cornell University email account. In order to be considered for federal student loans, students must have accepted their offer of admission, and completed the FAFSA and the federal loan request form. All financial aid (loans and scholarships) will be applied as a pending aid credit until the aid source can be disbursed each term.
Contact the Financial Aid Office at email@example.com with questions regarding the federal loan process and eligibility.
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. 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. 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:
International Student Loan options without cosigner:
Prodigy Finance and MPower Financing
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 Cornell University or Johnson, 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:
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 firstname.lastname@example.org
Financial Aid Office
113 Sage Hall
Ithaca, NY 14853
Phone: 607 255-6116
Fax: 607 255-0065
e-mail: Financial Aid