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Loan Programs

Domestic Students – Federal and Private Loans
U.S. citizens and U.S. permanent residents are eligible for federal loans. They also have the option to apply for private loans.

Federal Loans
The U.S. Department of Education offers both Federal Direct loans and Graduate PLUS loans.

Students must submit the Free Application for Federal Student Aid (FAFSA) to be reviewed for a Federal Direct Unsubsidized loan or Graduate Plus loan. Applicants are encouraged to submit their FAFSA as early as possible and should submit it no later than May of the calendar year they intend to start school. The FAFSA data determine your eligibility for the following:

Federal Direct Unsubsidized Loan
Students are eligible for $20,500 (or $10,250 per semester) in Federal Direct Unsubsidized loans. The interest rate for this loan is currently fixed at 5.31%. A fee of 1.069% is applied at disbursement.

Graduate PLUS Loans
In order to supplement the Federal Direct Unsubsidized loans, domestic students are also eligible for the U.S. Government’s Graduate PLUS loan to help cover the full cost of attendance. The interest rate for the Graduate PLUS loan is currently fixed at 6.31%. A fee of 4.276% is applied at disbursement.

More information on federal loan programs can be found on the Stern Graduate Financial Aid website.

Private Loans
U.S. citizens and U.S. permanent residents may be eligible to receive private loans. A comprehensive list of current lenders typically used by Stern students can be found on the Stern Graduate Financial Aid website.

International Students – Private Loans
International students may be eligible to receive private student loans with and/or without a U.S. co-signer. For information on potential student loan opportunities, please visit the Stern Graduate Financial Aid website