Financial Planning Sessions
The Office of Financial Aid conducts financial planning and debt management sessions throughout the academic year to help our students with understanding the landscape of the direct lending programs and our institutional loans. In addition to the annual workshops below, you can request individual counseling sessions with any of the Office of Financial Aid staff members.
March & April - May: Group Exit Counseling Sessions and optional individual sessions (by appointment only)
May: Financial Planning for Graduating Students (group session)
Debt Management Options
The Department of Education and other lenders offer programs in which all your federal loans may be consolidated into one loan with graduated or more manageable income-based repayments, if eligible.
In-School Loan Deferment
Deferment is a postponement of payment on a loan that is allowed under certain conditions and during which interest does not accrue on Direct Subsidized Loans, Subsidized Federal Stafford Loans, and Federal Perkins Loans. All other federal student loans that are deferred will continue to accrue interest. Any unpaid interest that accrued during the deferment period may be added to the principal balance (capitalized) of the loan(s). Source: https://studentaid.ed.gov/sa/repay-loans/deferment-forbearance.
Instructions to request in-school loan deferment
If you have prior loans that are currently in repayment, you may request an in-school deferment through your lender.
- Contact your lender/loan servicer and request they send you their Deferment Form.
- Complete student information sections, signature, and authorization.
- Bring your form to the Registrar's Office located at 1300 York Avenue, Room C-114.
- Email questions and inquiries to Registrar@med.cornell.edu
Resources and Links
Medloans Organizer and Calculator (MLOC)
Developed for medical students and residents, MLOC provides a secure location to organize and track loans, and then calculate custom repayment plans based on individual loan borrowing information to help students make smart choices about repayment. The basic service is free to medical students.
Financial Aid Calculator from FinAid.org:
Federal Loan History via National Student Loan Data System (NSLDS):
Based on provided information, calculates expected per-period or annual salary pay
Online resource on financial aid process, loan consolidation, loan forgiveness, repayments, student debt, etc.
Tax Matters for Students:
Federal Direct Loan Exit Counseling:
Information for Students Entering Residency:
Federal Loan Repayment Plans & Forgiveness: