Loan Programs
Student loans are the primary source of financial aid for Part-time MBA students. Federal and private loan programs are available to assist you.
Federal Loans (U.S. citizens or U.S. permanent residents only)
Here are some details about the federal loan process:
- You must complete the Free Application for Federal Student Aid (FAFSA) online at www.fafsa.ed.gov. List Stern as New York University with Title IV code 002785.
- Once you are admitted to the program, Stern receives your FAFSA information and reviews it for accuracy and completeness.
- Upon review of your FAFSA results and your admission to Stern, the Graduate Financial Aid Office sends you an award letter that lists your financial aid eligibility and includes the next steps you need to take to secure the loan funds.
Private Loans (All students)
A satisfactory credit history is generally required for private loan programs. In most cases, U.S. citizens and permanent residents can apply for a private loan without a co-signer if they meet the lender's credit criteria.
International Students
Without a U.S. co-signer
If you meet eligibility requirements, NYU Stern offers the following international loan programs that do not require 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 School financial aid office at fin-aid@stern.nyu.edu 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.
BAEF MBA Fellowship
Belgian American Educational Foundation Inc.
The Belgian American Educational Foundation will award MBA students an interest-free loan of up to $100,000 for two academic years. You must be a Belgian citizen to apply and if awarded, will need to repay the loan amount within five years of graduation. For further eligibility requirements as well as the application instructions, please visit the foundation's website.
With a U.S. co-signer
