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Federal Loan Repayment

Please note that New York University participates in the William D. Ford Federal Direct Student Loan Program.* The information in this section applies only to Federal Direct Loans that you may have borrowed as a student at NYU Stern, or at another school that also participated in the Direct Lending Program.

If you had borrowed loans under the Federal Family Education Loan (FFEL) Program* as an undergraduate or graduate student at a different institution, please contact the specific lender you chose. Please note that you may view your entire federal loan history, including current lenders, on the National Student Loan Data System.

The National Student Loan Data System (NSLDS) is the U.S. Department of Education's central database for student aid.  It receives data from schools, loan guarantors, and other U.S. Department of Education programs. NSLDS provides a centralized, integrated view of federal loans that are tracked through their entire cycle, from aid approval through closure. The site displays information on loan amounts, outstanding balances, loan statuses, and disbursements. Please keep in mind that new loans are reported to NSLDS within 30 days of receipt of funds. If you have been making payments on a loan, the outstanding principal balance listed by NSLDS may be as much as 120 days old. You should contact the loan servicer for more up-to-date balance information.

Federal Loan Servicing Contacts

Your loan servicer is the company that coordinates your billing and other repayment matters. For the list of appointed federal loan servicers, please click here.

Federal Loan Repayment

Federal Direct Loan borrowers can make payments via their loan servicer directly.

Federal Loan Repayment Checklist

For a checklist of loan repayment actions, please click here.

* In the Direct Loan program, the U.S. Department of Education provides the loan funds. Repayments are made directly to the federal government. In the FFEL program, the student selects a private lender to provide the loan funds. Repayments are made to the private lender.

How is my loan payment applied?

Servicers first apply the payment amount to outstanding fees (if applicable) and accrued interest, then to the principal. If you plan to pay more than your minimum monthly payment amount, you can instruct your servicer to credit the excess payment against the principal instead of future payments.