Loan Programs

Like any other major investment, the endeavor for a Master of Business Administration degree 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.

Student Loan Application Process - for US citizens and permanent residents

Follow these simple steps to apply for federal student loans for the 2019-2020 academic year:

  1. Complete the 2019-2020 FAFSA.  Suggested filing by June 1.
  2. Complete the Federal Loan Application request form.
  3. Upload completed forms to:

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 Unsubsidized Loan ($20,500 maximum annual amount); and the Federal Direct Graduate PLUS loan (request can be made up to the cost of attendance less other aid received).
  • Current rates listed below. Rates for the 2019-20 academic year will be updated after May 1. Terms and conditions for these programs can be found on the US Department of Education website.

Federal Direct Loan Program

Fixed Interest Rate

Loan Origination Fee

Unsubsidized Loans



PLUS Loans for Graduate or Professional Students



The Johnson School Financial Aid Office will begin processing federal student loan request in May (April for summer loans). 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 application request form.

Contact the Financial Aid Office 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 cannot 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:

Citizens Bank Student Loan:

Discover MBA Student Loan:

Sallie Mae MBA Student Loans:

SunTrust Custom Choice Loan

Wells Fargo: