Admissions committee decisions are made without regard to applicants' financial status.
Generous Financial Aid
Most students receive financial aid, and most receive grants as well as loans, resulting in average graduation debt that is lower than national averages. Housing is guaranteed for all students and priced below market value. Financial support for community service, summer research and international electives is available to all students.
Current Initiatives to Reduce Student Debt
Weill Cornell Medicine’s Campaign for Education, an ambitious $50 million initiative, is devoted to bolstering its already distinguished reputation as a leader in medical education, by enhancing its training of the next generation of physicians and scientists. Funding for student scholarships is one key component of this campaign.
In Fall 2016, Weill Cornell Medicine reduced the “unit loan” (the amount that students have to borrow before they can qualify for scholarships). Additionally, WCM lowered the unsubsidized portion of the unit loan. This benefits students by lowering their incurred interest during medical school.
Eligibility and Need Determination
Only students who are citizens or permanent residents of the United States are eligible for WCM financial aid. For eligible students, 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:
Detailed information regarding financial aid may be found at Student Services.