NYU Stern Graduate Financial Aid | Federal Student Loan Procedure

U.S. citizens and permanent residents may use the Free Application for Federal Student Aid (FAFSA®) form to apply for the Direct Unsubsidized Loan. Renew the FAFSA for each academic year in which you wish to receive the Direct Unsubsidized Loan.

• Complete the FAFSA (Free Application for Federal Student Aid) at www.studentaid.gov.
• Include NYU's school code 002785.
• Provide consent to use your Federal Tax Information (FTI).
• Monitor your Albert To Do List to ensure NYU receives your FAFSA.
• If applicable: 
  • Check and complete FAFSA Requirements in your To-Do List.
  • Wait for Loan Aggregate Review to be completed.

Students who meet all eligibility requirements and have a valid FAFSA on file for the current academic year will receive a Direct Unsubsidized Loan offer before their tuition payment deadline.

All Federal Loan borrowers:

• Monitor your NYU Stern email for an email with the subject line: ACTION REQUIRED: (Semester 202X) Federal Direct Unsubsidized Loan Now Ready for Acceptance.
• Sign in to NYU Albert, select Finances on the menu to the left.
• Click on the green Accept/Decline Awards and select the current academic year to view, accept, decline, or reduce your loan.
• Click SUBMIT to finalize your selection.
• Electronically sign a Direct Unsubsidized Loan Master Promissory Note (MPN)* and complete Graduate Entrance Counseling* at studentaid.gov.

Legacy borrowers only:

• Monitor your NYU Stern email for an email with the subject line: ACTION REQUIRED: (Semester 202X) Federal Direct Graduate PLUS Loan Now Ready for Acceptance.
• Before accepting a Graduate PLUS Loan, remove security/credit freezes with TransUnion, Experian, and Equifax for at least ten days. Your loan will not be processed if you have a security/credit freeze.
• Sign in to NYU Albert, then select Finances from the menu on the left.
• Click on the green Accept/Decline Awards and select the current academic year to view, accept, decline, or reduce your loan.
• Click SUBMIT to finalize your selection.
• Electronically sign a Direct Graduate PLUS Loan Master Promissory Note (MPN)* and complete Graduate Entrance Counseling* at studentaid.gov.
• If your credit is denied, you can appeal the credit decision.

*All Federal Loan MPNs and Entrance Counseling are valid for 10 years. However, if you apply for a Federal Direct Graduate PLUS Loan with an endorser, you must sign a new Loan Agreement (MPN) for each additional Graduate PLUS Loan desired. 

How do I apply my loan to my Bursar bill? Federal student loans post to your Bursar account as Anticipated Aid 3-5 business days after you accept the loan(s), sign both the MPN and Entrance Counseling, and, if applicable, a credit check is completed.

When will the loan be sent to the Bursar? Loan disbursements will occur approximately 10 days prior to the start of your first class for that semester (view your class schedule to determine your disbursement date). Your loan disbursement will always occur after your payment deadline. 

*Once your disbursement date approaches, the Anticipated Aid will disappear as the system prepares to receive your payment.