Loans are a resource that can help fund your education. Typically, you do not have to begin repaying loans until after you have left school. Below is a list of the various loan options available, as well as details and requirements for each.
A Federal Direct Subsidized Loan is a federal loan for undergraduate students who are U.S. citizens or permanent residents and who have demonstrated financial need determined by a completed FAFSA application. The government pays the interest on subsidized loans while the student is in school.
There is a 6.53% fixed interest rate for loans first disbursed on or after July 1, 2024 and before July 1, 2025. Previous years’ interest rates are available at studentaid.gov.
There is a 1.057% origination fee for loans disbursed on or after October 1, 2020 and before October 1, 2025.
Repayment is 10–30 years, beginning 6 months after the student leaves school.
Loan limits are set by the federal government and vary based on the student’s need and year in school. For additional details, please refer to the U.S. Department of Education’s page on Direct Loans.
A maximum of $3,500 may be subsidized
A maximum of $3,500 may be subsidized
A maximum of $3,500 may be subsidized
A maximum of $4,500 may be subsidized
A maximum of $4,500 may be subsidized
A maximum of $4,500 may be subsidized
A maximum of $5,500 may be subsidized
A maximum of $5,500 may be subsidized
A maximum of $5,500 may be subsidized
A maximum of $23,000 may be subsidized
A maximum of $23,000 may be subsidized
A maximum of $23,000 may be subsidized
A Federal Direct Unsubsidized Loan is a federal, non-need based loan for students who are U.S. citizens or permanent residents. This loan will accrue interest while the student is in school.
There is a 6.53% fixed interest rate for loans first disbursed on or after July 1, 2024 and before July 1, 2025. Previous years’ interest rates are available at studentaid.gov.
There is a 1.057% origination fee for loans disbursed on or after October 1, 2020 and before October 1, 2025.
Repayment is 10–30 years, beginning 6 months after the student leaves school.
Loan limits are set by the federal government and vary based on the student’s need and year in school. For additional details, please refer to the U.S. Department of Education’s page on Direct Loans.
A maximum of $3,500 may be subsidized
A maximum of $3,500 may be subsidized
A maximum of $3,500 may be subsidized
(29.1 – 59 credits)
A maximum of $4,500 may be subsidized
A maximum of $4,500 may be subsidized
A maximum of $4,500 may be subsidized
Third-, Fourth-, and Fifth-Years
A maximum of $5,500 may be subsidized
A maximum of $5,500 may be subsidized
A maximum of $5,500 may be subsidized
A maximum of $23,000 may be subsidized
A maximum of $23,000 may be subsidized
A maximum of $23,000 may be subsidized
The Gardner/Shoemaker Loan is Cornell University loan for undergraduate students who have demonstrated financial need.
There is a 6% fixed interest rate, and the loan does not accrue interest while the student is in school.
There are no loan fees.
Repayment begins 6 months after the student leaves school.
Maximum loan limits vary based on the student’s need.
The Foreign Loan is Cornell University loan for undergraduate international students who have demonstrated financial need.
There is a 8% fixed interest rate, and the loan does not accrue interest while the student is in school.
There are no loan fees.
Repayment begins 6 months after the student leaves school.
Maximum loan limits vary based on the student’s need.
A Federal Direct Unsubsidized Loan is a federal, non-need based loan for students who are U.S. citizens or permanent residents. This loan will accrue interest while the student is in school.
There is a 8.08% fixed interest rate for loans first disbursed on or after July 1, 2024 and before July 1, 2025. Previous years’ interest rates are available at studentaid.gov.
There is a 1.057% origination fee for loans disbursed on or after October 1, 2020 and before October 1, 2025.
Repayment is 10–30 years, beginning 6 months after the student leaves school.
The maximum loan limit is $20,500.
Loan limits are set by the federal government and vary based on the student’s need and year in school. For additional details, please refer to the U.S. Department of Education’s page on Direct Loans.
A Grad PLUS Loan is a federal, non-need based loan for students who are U.S. citizens or permanent residents. This loan will accrue interest while the student is in school.
There is a 9.08% fixed interest rate for loans first disbursed on or after July 1, 2024 and before July 1, 2025. Previous years’ interest rates are available at studentaid.gov.
There is a 4.228% origination fee for loans disbursed on or after October 1, 2020 and before October 1, 2025.
Repayment begins 60 days after the second disbursement OR may be deferred until 6 months after the student leaves school.
The student may borrow up to the total cost of attendance less any financial aid.
A Parent PLUS Loan is a federal, non-need based loan for parents of a dependent student. To apply for the Parent PLUS Loan please fill out the Federal Parent PLUS Loan Application. This loan will accrue interest while the student is in school.
There is a 9.08% fixed interest rate for loans first disbursed on or after July 1, 2024 and before July 1, 2025. Previous years’ interest rates are available at studentaid.gov.
There is a 4.228% origination fee for loans disbursed on or after October 1, 2020 and before October 1, 2025.
Repayment begins 60 days after the second disbursement OR may be deferred until 6 months after the student leaves school.
The parent may borrow up to the total cost of attendance less any financial aid.