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Loans

Federal Loans

Students must be enrolled in a minimum of six credits per semester to be eligible for federal loans. The NYU Office of Financial Aid determines your loan eligibility upon reviewing FAFSA data and your anticipated enrollment. Your loan eligibility will be included in your financial aid package. An overview of loans for which you may be eligible is below, and more detailed information can be found at the NYU Office of Financial Aid.


Federal Direct Unsubsidized Stafford Loan

The Federal Direct Unsubsidized Stafford Loan allows eligible students to borrow up to $20,500 per academic year. Currently, the interest rate is less than 6 percent. The federal government does not pay interest on this loan while you are in school. Instead, interest is accrued and added to the principal of the loan. Loan repayment begins six months after you graduate or drop below half-time enrollment (six credits in a given semester). Borrowers have the option of paying the interest while in school.

Savings and Loan Calculators

Below we have provided links to financial calculators that will help you to calculate how much school will cost, how much you will need to save, and how much aid you will need to complete your study.

Please note the information presented by such services is not verified or endorsed by New York University.

Federal Direct PLUS Loan

The Federal Direct PLUS Loan allows eligible students to borrow up to the total cost of attendance minus any other financial aid received.  Currently, the interest rate is less than 7 percent. Interest accrues and is added to the principal of the loan. Borrowers have the option of paying the interest while in school.


Private Loans

Private loans may be borrowed for up to the total cost of attendance minus any other financial aid received. Students should apply for all eligible federal assistance available by submitting the FAFSA before considering a private, alternative loan. Most private loans are more expensive than federal loans and terms, conditions, and eligibility requirements vary.

For more information about federal and private loans, visit the NYU Office of Financial Aid.