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Applying for Financial Aid

General Information

Need-Based Considerations for MD Program

Financial status is not a factor in the selection of students at the Medical College, and every effort is made to assist students in financing their medical education.

The Medical College's financial aid funds are need based.  Students and their parents bear the primary responsibility for financing the student’s medical education. All accepted students have "merit" and no differentiation is made among them for financial aid.  The college does not recognize any student as “independent” for institutional funds until the age of 40. However, as of July, 1993 all medical students are considered "independent" for federal loan programs.  

Financial aid is reevaluated each year with changing family circumstances taken into account, such as other children in school, retirement needs, health problems, emergencies, and a student's marital status.

MD Program

Prospective Students:

Recommended Deadline for Financial Aid Applications is April 1, 2018 

About Applying

Financial aid is awarded on an annual basis. Each renewing academic year, students are required to complete the financial aid application process. Application instructions are provided electronically to admitted students at the time of their acceptance notification. The Office of Financial Aid will only send Award Letters to accepted students. First round acceptance decisions are sent by the Office of Admissions on or before March 15, 2018. Waitlisted candidates are encouraged to fill out the FAFSA and CSS Profile in advance in order to expedite the process once admitted. Although we encourage you to fill out the FAFSA and CSS Profile electronic applications, we ask that you not submit any additional forms until you are admitted and those documents are requested by our office.

Student applicants have the option of applying for either:

Need-based aid, which considers the applicant for need-based (subsidized) loans and institutional grants, in addition to federal loan eligibilty OR

Federal Aid only (only federal loans - e.g. Direct Unsubsidized & Graduate PLUS loans).

A complete list of required application forms for each option is listed in the Forms and Resources page.

Receiving an Award Letter

For admitted students, financial aid awarding can be completed following the submission of all financial aid application materials by April 1st.  Award letters are emailed to students on a rolling basis, beginning early April. Each award recipient is required to review and accept the aid offered by submitting a signed Award Letter to the Office of Financial Aid. Waitlisted candidates are encouraged to submit the FAFSA and CSS PRofile in advance, but should not submit any additional forms until they have received a formal acceptance from Admissions with further instructions.

Loan adjustments or cancellation requests can be submitted alongside the signed Award Letter. Appropriate forms can be found on the Forms and Resources page.

The Office of Financial Aid may notify students of any additional processing requirements prior to the start of the academic year.  Such requirements may include:

  • Loan Promissory Notes
  • Loan Entrance Counseling
  • Sibling School Enrollment Verifications
  • Credit Check Authorizations for Graduate PLUS Loans

Returning MD Students:

Recommended Deadline for Financial Aid Applications is May 15, 2018

Reapplying

Each academic year, students are required to complete the financial aid application process. Students have the option of applying for need-based aid, which considers the applicant for need-based loans and institutional grants or for federal aid only (loans).

A complete list of required application forms for each option is listed on the Forms and Resources page.

Award Letters

Award letter notifications are emailed to returning students as early as June, and then on a rolling basis. Students are advised to complete the application process as early as possible to avoid processing delays. Each award recipient is required to accept the aid offered each year by submitting a signed Award Letter to the Office of Financial Aid.

Loan adjustments or cancellation requests can be submitted alongside the signed Award Letter. Appropriate forms can be found on the Forms and Resources page. 

The Office of Financial Aid may notify students of any additional processing requirements prior to the start of each academic year.

Appealing Your Aid Decision

All student applicants are offered the right to appeal their financial aid decision if s/he feels there are extenuating circumstances that merit reconsideration. To request an appeal, submit the Financial Aid Appeal Application and any necessary documentation along with a detailed explanation of your circumstances.

Appeals will be reviewed only after all requested supporting materials are received. Complete appeals are reviewed within 7-10 business days, and the applicant will be formally notified when a decision has been made.  Students are required to reapply for financial aid on an annual basis, thus results of an appeal are applied to the corresponding academic year only.

Graduate Programs

Prospective Students

About Applying

Financial aid is awarded on an annual basis. Each renewing academic year, students are required to complete the financial aid application process.

The Office of Financial Aid will provide complete application instructions to admitted students via a welcome email typically around 2 months prior to the academic start date.  

A complete list of required application forms is also listed on the Forms and Resources page.

Financial aid is not available for certificate programs.

Note that depending on the Program and start date, the student may have different FAFSA year application requirements:

 

Receiving an Award Letter

Award letter notifications are emailed to students on a rolling basis within 14 days of application receipt. Students are advised to complete the application process as early as possible to avoid processing delays. Each award recipient is required to accept the aid offered each year by submitting a signed Award Letter to the Office of Financial Aid.

Loan adjustments or cancellation requests can be submitted alongside the signed Award Letter. Appropriate forms can be found on the Forms and Resources page. 

The Office of Financial Aid may notify students of any additional processing requirements prior to the start of the academic year.  Such requirements may include:

  • Loan Promissory Notes
  • Loan Entrance Counseling
  • Credit Authorizations for Graduate PLUS Loans

Returning Graduate Students

Reapplying

The Office of Financial Aid will provide a courtesy reminder email to all current graduate students prior to the start of each new academic year. These dates will vary depending on the program. Since Financial aid is awarded on an annual basis, students are required to complete the financial aid application process if they would like to continue receiving financial assistance.

A complete list of required application forms is listed in the Forms and Resources page.

Award Letters

Each award recipient is required to accept the aid offered each year by submitting a signed Award Letter to the Office of Financial Aid.

Loan adjustments or cancellation requests can be submitted alongside the signed Award Letter. Appropriate forms can be found on the Forms and Resources page. 

The Office of Financial Aid may notify students of any additional processing requirements prior to the start of the academic year. 

For more information, email us:  FinAid@med.cornell.edu

2018-19 Financial Aid Handbook for MD Students

2018-19 Financial Aid Handbook for Graduate School Students

Contact Information

Office of Financial Aid

1300 York Avenue, Room C-114
New York, NY 10065
Telephone: (646) 962-3479
Fax: (212) 746-5981