Domestic Fall Start Students

  1. Complete the most recent FAFSA online as soon as you file your tax return. This application is used to determine federal student loan eligibility for the following fall and spring semesters. Please review the federal loans section of the Stern Graduate Financial Aid website for detailed information.
  2. If you are applying for a private loan, please submit an application directly to the private lender of your choice. You may apply for a semester-only loan or a fall/spring loan combined. For a sample list of lenders, please visit the private loans page on the Stern Graduate Financial Aid website. Typical processing time is 3-4 weeks. Please plan accordingly.
  3. Receive a financial aid award notice to your Stern e-mail account about one month prior to your fall payment deadline.
  4. Accept your fall/spring federal student loans on NYU Albert. This is the university-wide system which provides a comprehensive view of your financial aid. In addition to federal loans, Albert will also display any private loans for which you have applied and been approved, and any scholarships you may have received.
  5. Sign in at to secure your loans. You must complete the:
  • Entrance Counseling Session
  • Master Promissory Note(s). Please note that there is a separate MPN for the Federal Direct Unsubsidized Loan and the Federal Direct Graduate PLUS Loan. Once signed, the note is valid for 10 years.
  1. After accepting and securing your loans, please confirm approval with the Financial Aid Office.
  2. Complete the "Tuition and Fees Worksheet" by your established payment deadline. This form is located on the Stern Bursar’s website. However, for newly admitted students, the form will be made available on the Admitted Student website in early summer. Be sure to list only APPROVED loan amounts on the worksheet.
  3. The lender sends the fall loan disbursement to the Bursar ten days prior to the start of the semester. As long as your loans are approved by the deadline and you have submitted a payment worksheet, the bursar will credit the amount to your account.
  4. If you have loans in excess of your tuition and fees charges, you will be cut a refund check for the excess amount. We encourage you to use the direct deposit option for your loan refund. However, due to the high volume of disbursements at the start of each semester, you should not count on your refund for the first month of classes. Please budget accordingly.
  5. Prepare for the spring semester by completing the Spring “Tuition and Fees Worksheet” for the Office of the Bursar.