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Financial Aid Eligibility

MD Program

An applicant must be a U.S. citizen, a naturalized citizen of the United States, permanent resident or an eligible non-citizen. The application for financial aid is not a factor in the decision for acceptance to Weill Cornell. When accepted, financial aid is awarded only on the basis of demonstrated need. Need is determined by an analysis of income and assets of students and their families. We do not offer merit-based scholarships.

Financial need is determined based on the formula:

Financial Aid Formula 

To continue to be eligible for aid, students must be in good academic standing and making satisfactory progress according to the Guidelines for Promotion and Graduation of the Medical College, printed annually in the Student Handbook.

Cost of Attendance

The cost of attendance includes tuition, student fees, housing, health insurance, and personal items. 

Expected Family Contribution

Family contribution includes both the student and the parents’ ability to contribute. This usually includes both parents, even if they are separated or not married. If a student is married or has a domestic partner, information from the spouse/partner is also taken into account. The factors that affect overall family contribution include income, assets, family size, and the number of children in college. Weill Cornell may make exceptions to this if your family has special circumstances.

Financial Need

Your financial need is determined after deducting what your family is expected to pay from the total cost of attendance. Financial need is met with loans (“unit loan”) and grants. Learn about the types of financial aid.

A “unit loan” is the amount that is borrowed before grants are awarded. In 2014-15, unit loans ranged from $31,897 for the first year class to $35,589 for the fourth year class. The amount of need beyond the unit loan is met with grants.  Students who obtain outside scholarships may have their unit loan reduced.

Foreign Students

There are no need-based programs for financial aid. Students can apply for private loans.

Graduate Programs

Master of Science in Health Sciences for Physician Assistants,  Master of Science in Health Informatics & Master of Science in Health Policy and Economics

There are no need-based programs for financial aid. Students can apply for loans under the Federal Direct Unsubsidized and Graduate PLUS Loan programs. Students must meet citizenship criteria, be in good academic standing and making satisfactory progress to be eligible.

Financial aid is not available for the Certificate Program in Health Analytics.

Contact Information

Student Finance & Records Office of Financial Aid

1300 York Avenue, C-114 New York, NY 10065 Phone: (212) 746-1065 Fax: (212) 746-8211