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MMH

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MMH

Financing Opportunities - Ithaca

We urge all students to investigate possible sources of financial aid including loans and outside grants. Some students have received support from their employers in exchange for agreeing to return to work for a specified amount of time. Chambers of Commerce, Fulbright offices, government agencies, trade associations, and foundations are other possible sources of funding.

Cornell University has been designated a direct lender by the U.S. government, which facilitates the loan application processing for students who are U.S. citizens or permanent residents. Common sources of financial support include the New York State Tuition Assistance Program (TAP), G.I. Bill assistance, William D. Ford Federal Direct Loans, and Federal Perkins Loans.

The following scholarship opportunities are also available to students applying to the Ithaca campus:

MBA Loans

The MBA Loans Program is a private loan program cosponsored by the Graduate Management Admission Council and Sallie Mae, administered by the HEMAR Insurance Corporation of America. International students must have a creditworthy U.S. citizen or permanent resident as cosigner.

The MBA Excel Preferred Loan Program, administered by Nellie Mae, is another loan program available to MMH students. International students must have a creditworthy U.S. citizen or permanent resident as cosigner.

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MMH Need-Based Scholarships

The Ithaca campus grants limited need-based aid for MMH students. It is assumed that Ithaca campus students will take out the full amount of the Federal Direct Loan (currently $18,500) before need-based scholarships are awarded.  Both domestic and international students applying to the Ithaca campus are eligible to apply.

U.S. citizens and permanent residents should submit the following to the MMH Admissions Office no later than their corresponding application deadline:

For U.S. students and permanent residents, demonstrated need is determined from data submitted on the Free Application for Federal Student Aid (FAFSA) form. Students applying to the Ithaca campus must submit the 2009-2010 FAFSA form for funding for the summer of 2010, and then the 2010-2011 FAFSA for the fall of 2010 and spring of 2011.

Please send your 2009-2010 form to The Graduate School Loan Office (190 Caldwell Hall, Ithaca NY 14853-2602) by April 15, 2010, and then submit the 2010-2011 form by June 15, 2010. You can use your 2009 tax information for the 2009-2010 form, and then your 2010 tax information for the 2010-2011 forms.

For questions about the FAFSA, please contact The Graduate School Loan Office at 607.255.5821.

International students applying to the Ithaca campus should submit the following to the MMH Admissions Office no later than their application deadline:

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MMH Merit-Based Scholarships

Several scholarships of up to $10,000 are available.  Both international and domestic students applying to the Ithaca campus are eligible to apply.

  • Merit scholarship consideration is competitive and based on the strength of your application, including academic background, relevant work experience, GMAT score, and interest statement/essays.  All financial aid information is due by your application deadline.

U.S. citizens and permanent residents should submit the following to the MMH Admissions Office no later than their corresponding application deadline:

International students applying to the Ithaca campus should submit the following to the MMH Admissions Office no later than January 1:

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Cornell Graduate School Fellowships

The Graduate School at Cornell offers a number of fellowship programs that MMH students can apply for. Eligibility requirements and deadlines vary by program.

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The Paras Education Foundation (TPEF)

The Paras Education Foundation (TPEF) is a financial consultancy, helping all international students obtain student loans for study in over 6000 Universities / Colleges / Schools like USA, UK, Canada, Australia, New Zealand, Switzerland and more.

Eligibility:

All international students, regardless of their country of origin or their nationality are eligible for the soft term study abroad loans.

Applicable for study in over 42 countries & over 6000 Schools / Colleges & Universities. (Please refer to www.isloan.org to see complete list of approved countries).

Quantum:

Loan limit is based on tuition fees + living + food expenses + book expenses + Computer/Laptop + Health Insurance + Miscellaneous expense. (Up to US$ 65,000 per Co-Signor)

Repayment:

Repayment of up to 20 / 25 years (with no pre-repayment penalty)

Interest rates at 6.5% p.a. approx

Repayment begins 6 months after graduation

Application:

Applicants need to register on https://www.isloan.org/reg2.asp. Other detailed terms & conditions furnished upon registration.

For more information on PARAS Loans, please contact Mrs. Bharati  or  Mr. Patel at:

The Paras Education Foundation

For International enquiries:
(+91-22) 22 831637 / 8 / 22839027  
Tele-Fax: (+91-22) 22 831 639

For US & Canada enquiries:
1-347-468-8750 / 1-347-468-8751/ 1-510-830-4594

US Toll Free Fax Number: 1 888 852 9786

For UK enquiries: Tel #: +44 20 8002 9809

or email: inquiries@isloan.org
Website: www.isloan.org

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