An applicant must be a U.S. citizen, a naturalized citizen of the United States, permanent resident, or an eligible non-citizen to qualify for institutional or federal financial aid. The application for financial aid is not a factor in the decision for acceptance to Weill Cornell Medicine. 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:
To continue to be eligible for aid, students must be in good academic standing and making Satisfactory Academic 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 "direct" and "indirect" costs such as 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/domestic partner is also taken into account. The factors that affect overall family contribution include, but are not limited to, income, assets, family size, and the number of children in college. The Office of Financial Aid may make exceptions to this if your family has special circumstances. Students are encouraged to contact the Office of Financial Aid regarding any special circumatances.
A student's financial need is determined after deducting what Expected Family Contribution 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 loan amount offered before any grants are awarded. In 2017-18, unit loans ranged from $32,577 for the first year class to $34,669 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.
Financial aid is not available to international students. Students may be eligible to apply for private loans. Usually, a cosigner who is a U.S. citizen or permanent resident is required before a student is eligible to borrow a private loan. Please check application requirements prior to applying with any lender.
Masters of Science and MS/EMBA Programs
Need-based financial aid is not available for the graduate programs. Students can apply for loans under the Federal Direct Unsubsidized Stafford and Graduate PLUS Loan programs. Students must meet citizenship criteria, be making Satisfactory Academic Progress, and be enrolled at least half-time in order to be eligible for these loan programs.
A complete list of required application forms is listed in the Forms and Resources page.
Financial aid is not available for certificate programs.