The university's internal borrowing rate is 6.0% for FY 2019 and 5.0% for FY 2020 and future years. For budget planning purposes, please use 6% for 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.
| Fiscal Year | Borrowing Rate (%) |
|---|---|
| 2020 | 5.00 |
| 2019 | 6.00 |
| 2018 | 6.00 |
| 2017 | 6.00 |
| 2016 | 6.00 |
| 2015 | 6.00 |
395 Pine Tree Road, Suite 330
Ithaca, NY 14850
| Email: | treasurer@cornell.edu |
| Phone: | (607) 254-1590 |
| Hours: | 8:00 a.m. - 5:00 p.m., Monday - Friday |
