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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 Department of Education offers both unsubsidized Stafford and Graduate PLUS loans.

Students must submit the Free Application for Federal Student Aid (FAFSA) to be reviewed for federal aid. Applicants are encouraged to submit their FAFSA no later than May of the calendar year they intend to start school. The FAFSA data determine eligibility for the following:

Unsubsidized Stafford Loan
Students are eligible for $10,250 per semester in the federal unsubsidized Stafford loan. The interest rate for the loan is currently fixed at 5.41%. A fee of 1.051% is applied at disbursement.

Graduate PLUS Loan
In order to supplement the federal unsubsidized Stafford loan, domestic students are also eligible for the Graduate PLUS loan to help cover the full cost of attendance. The interest rate for the loan is currently fixed at 6.41%. A fee of 4.204% is applied at disbursement.

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

Private Loans

U.S. citizens and U.S. permanent residents may also be eligible to borrow private student loans. A comprehensive list of lenders typically used by Stern students can be found on the Stern Graduate Financial Aid site.

International Students – Private Loans

International students have the option to borrow private student loans with or without a U.S. co-signer.

Without a U.S. co-signer

UFSB Stern International Loan
The NYU Stern School of Business has collaborated with The First Marblehead Corporation and Union Federal Savings Bank to create a loan program for eligible international Stern graduate students with no co-signer required. For more information, please contact the Stern Graduate Financial Aid Office at fin-aid@stern.nyu.edu or call 212-998-0790.

Disclaimer: Mr. William R. Berkley, a Vice Chair and Trustee of NYU, is Lead Director and a shareholder of The First Marblehead Corporation, which is the facilitator of this loan program and the parent company of both the lender, Union Federal Savings Bank, and the loan processor, First Marblehead Education Resources, Inc. Mr. Berkley disclosed his relationships to both NYU and First Marblehead, and has confirmed that he has not participated and will not participate in any aspect of the loan program on behalf of NYU, First Marblehead or their affiliates. NYU's Board of Trustees followed its conflict of interest policy in approving this loan program and will continue to follow such policy as it may apply in connection with this loan program.

With a U.S. co-signer

International students who have a U.S. co-signer may apply for a student loan up to the full cost of attendance. A comprehensive list of lenders typically used by Stern students can be found on the Stern Graduate Financial Aid site.