The Free Application for Federal Student Aid (FAFSA) is an online form that is filled out annually by both prospective and current students to determine eligibility for federal student loans.
- Gather current documents such as bank statements, most recent tax returns, and W-2 forms.
- Electronically complete the most recent FAFSA application on-line. The FAFSA application becomes available after January 1st each year. Do this as soon as possible to ensure approval of federal loans in time for registration and payment deadlines.
- Be sure to include 002785 as the Title IV code for New York University. This code enables the school to view the FAFSA information.
- About one week after submission of the FAFSA, you will receive a Student Aid Report (SAR). Check the SAR for any errors and make corrections if needed.
- NYU receives the FAFSA electronically. However, NYU only reviews and packages federal loans for enrolled students (who have already sent in their deposit), as well as for current students.
- Award notices are emailed to your Stern account one month prior to your payment deadline. You will be directed to NYU Albert, the university-wide system, where you will review and accept your federal student loans.
- Secure your loans at studentloans.gov where you will electronically sign your Master Promissory Note(s) and complete online entrance counseling.
- Please keep in mind that the disbursement of federal loan funds will not occur until after the first week of class. Therefore, we advise that you budget your finances accordingly.
- Renew the FAFSA for each academic year in which you wish to receive federal loans.