Types of Aid
Need Based Loans
William D. Ford Federal Direct Subsidized Loan
Requirements- Must be a US citizen or permanent resident
- Complete the financial aid process
- First time borrowers must sign a Master Promissory Note and complete the Entrance Counseling session
- 5.6% fixed interest rate
- Interest will not accrue while in school
- Maximum amount awarded
- Freshmen - $3,500
- Sophomores - $4,500
- Juniors/Seniors - $5,500
- Begins 6 months after student leaves school
- For additional questions about repayment, please contact Direct Lending at 1-800-848-0979
- Direct Loan Repayment Calculator
Federal Perkins Loan
Requirements- Must be a US citizen or permanent resident
- Complete the financial aid process
- First time borrowers must sign a Master Promissory Note
- 5% fixed interest rate
- Interest will not accrue while in school
- Maximum amount awarded is $4000
- Begins 9 months after student leaves school
- For additional questions about repayment, please contact the Cornell University Loan department at 607-255-7234
Cornell University Loan
Requirements- Complete the financial aid application process
- First time borrowers must sign a Master Promissory Note
- 8% fixed interest rate
- Interest will not accrue while in school
- Begins 6 months after student leaves school
- For additional questions about repayment, please contact the Cornell University Loan department at 607-255-7234