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Custom Loan Program for International Graduate Students at

The Johnson School at Cornell University

✔ Borrowing Limits

✔ Rates

✔ FAQ

✔ Eligibility

Need Assistance?

For assistance with opening a new private education line of credit, or to request additional funds from an existing line of credit, please call:
877-344-9841 (dial 248-598-2378 from outside the United States)

Key Features of Our Program

  • Rates as low as 11.99% APR*
    • 0.25% rate discount for optional enrollment in automatic electronic payment during repayment
    • 0.50% rate discount for having a U.S. co-borrower at the time of origination
    • Co-borrower not required, but having a qualified U.S. co-borrower could result in a lower interest rate
  • Apply once and secure financing for your entire graduate studies with unique line of credit structure**
  • Available to international students (students who are not U.S. citizens or U.S. permanent residents, and require a visa for entry to the United States)
  • Flexible repayment options, including full deferment of payments while in school†
  • 20 or 25 year repayment period, depending on principal balance when entering repayment – or repay early at anytime with NO penalty
  • Optional graduated repayment which provides lower payments during the first two years of repayment
  • A loan from a not-for-profit credit union - a lender relationship you can trust
  • Maximum borrowing amounts vary depending on field of study. View your program borrowing limits.

Borrowing Limits

Students can borrow from $1,000 up to the cost of attendance less any other aid received. The total amount the student can borrow throughout their graduate college career is dependent upon education program – see below. Please note, co-borrowers may only sign on multiple lines of credit up to $250,000.

The University will certify the requested loan amount with the credit union.

 

One Year MBA
(Ithaca & Cornell Tech)

Maximum Loan Limit: $139,918

Loan Limit: $139,918
($129,918 tuition + $10,000 additional expenses)

 
 
 

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Two Year MBA

Maximum Loan Limit: $179,536

1st Year Loan Limit: $88,106
($83,106 tuition + $5,000 additional expenses)

2nd Year Loan Limit: $91,430
($86,430 tuition + $5,000 additional expenses)

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EMBA Metro

Maximum Loan Limit: $219,688

1st Year Loan Limit: $109,844
 

2nd Year Loan Limit: $109,844
 

 
 

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Interest Rates

The Annual Percentage Rate (APR) for our graduate private education line of credit is variable1 and is based on the Prime index2 plus a margin.

The current offered rate3 will be 11.99% APR

Your Interest Rate is calculated by adding the Index plus a Margin, subject to a minimum APR (Floor). The Floor rate is in effect any time the Interest Rate is below your assigned Floor rate. All loans subject to approval and restrictions may apply. We reserve the right to change rates for new applications at any time and without notice. Credit union membership and a minimum share deposit is required. Contact us for membership details.

 

  1. Your Interest Rate is variable and may be adjusted quarterly based on the Index. Any increase in the Index may increase the APR and may increase the amount of your monthly payment.

  2. As of October 1, 2024, the Prime index (Index), as published in the Wall Street Journal, used is 8.50%. For a new line of credit, the Index used is the rate as published on the first business day of the last month immediately preceding each new quarter.

  3. Current offered rate(s) are calculated by using the Index, Margin and Floor value(s) in effect. Your specific Index, Margin, Floor, and/or credit approval will depend upon the student borrower’s and co-borrower’s (if applicable) credit qualification. Applicants may apply with a creditworthy U.S. co-borrower which may result in a better chance of approval and/or lower interest rate.

  4. The Interest Rate will not exceed 18.00%, regardless of the Index.

  5. Margin will be disclosed at account opening. This Margin is added to the Index to determine the calculated interest rate.

  6. Floor rate is in effect any time the calculated interest rate is below the assigned Floor rate. The Floor rate will be disclosed at account opening.

 

Frequently Asked Questions

International graduate students enrolled or enrolling in The Johnson School at Cornell University. An international student is defined as a student who is not a U.S. citizen or U.S. permanent resident, and requires a visa for entry to the United States. Necessary documentation includes one of the following:

  • F-1 visa and I-20, I-94 and a valid passport with photo

  • J-1 visa and form DS-2019, I-94 and a valid passport with photo

  • H1-B visa along with a letter from your employer confirming employment, I-94 and a valid passport with photo

PLEASE NOTE: In accordance with regulatory guidelines, students who are on the Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) List are NOT eligible for this private education line of credit. In addition, students that reside in countries with OFAC comprehensive sanctions are NOT eligible for this private education line of credit. Please see http://www.treasury.gov/resource-center/sanctions/Pages/default.aspx for further information. 

  • 0.25% rate discount for optional enrollment in automatic payment during repayment
  • 0.50% rate discount for having U.S. co-borrower at the time of origination

You may choose full deferment while in school, elect to make interest only payments while in school, or choose full principal and interest payments. Once you complete school and your six month grace period ends, you can choose a) straight repayment over the term – 20 or 25 years principal balance when you enter repayment, or b) graduated repayment for two years. The graduated repayment option amortizes the first 2 years over a 40-year period and then over either 18 or 23 years for the remainder of the loan. This means monthly loan payments will be lower in the first two years after starting repayment—which may be a valuable benefit if you are just beginning a new career and managing a tight budget.

Apply now and receive instant line of credit approval. Or, call 877-344-9841 (dial 248-598-2378 from outside the United States) to apply by phone. Representatives are available 24 hours a day, 7 days a week to accept applications and answer your questions.

For your second academic year (or third if applicable), as a returning borrower with an existing line-of-credit, you do NOT need to complete an entirely new application to request additional funds. Simply apply for additional funds from your existing line-of-credit.

 

* APR = Annual Percentage Rate
** Subject to credit qualification and annual credit review. Must meet school's Satisfactory Academic Progress (SAP) requirements.
† Approved programs subject to change

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