U.S. citizens and U.S. permanent residents may receive federal loans. Private loans are also available.
Domestic Students – Federal and Private Loans
Federal LoansThe U.S. Government offers both Stafford and Graduate PLUS loans.
For the 2012-2013 academic year, students are eligible for up to $10,250 per semester in unsubsidized federal Stafford loans. The interest rate for the loan is currently fixed at 6.8%.
To apply for a unsubsidized federal Stafford loan, you must submit the Free Application for Federal Student Aid (FAFSA). Applicants are encouraged to submit their FAFSA as early as possible and should submit it no later than June of the calendar year they intend to start school. The FAFSA results determine your eligibility for federal aid.
Graduate PLUS Loans
In order to supplement the federal Stafford 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 7.9% (and is unsubsidized).
Private LoansU.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 is provided after admission.
International Students – Private Loans
International students may be eligible to receive private loans with and/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 firstname.lastname@example.org or call us at 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.
Global Student Loan
Global Student Loan Corporation
In accordance with the lender's criteria, this loan is currently available only to students from India.
Disclaimer: Dr. Keith Jepsen, former NYU Director of Financial Aid, is President of Global Student Loan Corporation. Barry Fingerhut, a current member of the NYU Stern School Board of Overseers, is a director and shareholder of EduFund International, the parent company of Global Student Loan Corporation as well as of GSLC. He does not receive compensation, and is not involved in management.
With a U.S. co-signer
International students who have a U.S. co-signer can apply for up to the full cost of attendance. A comprehensive list of current lenders typically used by Stern students is provided after admission.