Federal Loans
Students enrolled in the Weill Cornell Graduate School of Medical Sciences are eligible for Federal Direct Unsubsidized loans. Students can borrow up to the annual maximum in the Direct Unsubsidized loan ($20,500), and supplement any deficit with Graduate PLUS loans up to the full cost of attendance.
Federal Direct Loans (current 2020-21 Academic Year rates): 4.3% to 5.3%
| Loan Type | Loan Programs | Lender | Eligibility Reqs | Limit | Interest in School | Interest Rate | Loan Fees | Repayment/Deferment Terms |
| Federal | Federal Direct Unsubsidized | US DOE via loan servicer | Non-Need Based | Annual max = $20,500 Aggregate max = $138,500 including previous subsidized |
Yes | 4.3% after 7/1/20 and before 7/1/21; fixed | 1.059% after 10/1/19 and before 10/1/20; TBA after 10/1/20 and before 10/1/21 | Deferred while enrolled + 6 months Standard & Income-Based repayment from 10 to 25 years |
| Federal | Federal Direct Grad Plus | US DOE via loan servicer | Non-Need Based Credit report reviewed. |
COA minus financial aid | Yes | 5.3% after 7/1/20 and before 7/1/21; fixed | 4.236% after 10/1/19 and before 10/1/20; TBA after 10/1/20 and before 10/1/21 | Deferred while enrolled + 6 months Standard & Income-Based repayment from 10 to 25 years |