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Office of the Treasurer
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In this section

  • Investor Relations
    • Bonds, Mortgages, Notes Payable
    • Bond Offering Circulars
    • CU Debt Rating
    • Continuing Disclosure Information
    • Green Bonds
  • Internal Debt
    • Internal Borrowing Guidelines
    • Internal Borrowing Rate
    • Loan Program for Captial Projects
  • Private Use Compliance
    • Private Use Policy and Guidelines
    • Private Use Template: Cornell Staff Resource
    • Buildings Funded with Tax-Exempt Debt

Internal Borrowing Rate

The university's internal borrowing rate is 4.25% for FY 2023 and future years. This rate is based on the university's cost of borrowing funds and is adjusted annually on July 1.

The university has combined most of the external debt into one borrowing pool. The interest rate is based on the university’s break-even cash flow for the program.

Prior-Year Internal Borrowing Rates

Fiscal Year Borrowing Rate (%)
2023 4.25
2022 4.75
2021 4.75
2020 5.00
2015-2019 6.00

 

Office of the Treasurer

260 Day Hall
Ithaca, NY 14853

CONTACT US

Email:  treasurer@cornell.edu
Wires/Payments: cashmanagement@cornell.edu
Hours: 8:00 a.m. - 5:00 p.m., Monday - Friday

 


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