Federal Loan Repayment
New York University participates in the William D. Ford Federal Direct Student Loan Program.* The information in this section applies only to Federal Direct Loans that you may have borrowed as a student at NYU Stern, or at another school that also participated in the Direct Lending Program.
If you had borrowed loans under the Federal Family Education Loan (FFEL) Program* as an undergraduate or graduate student at a different institution, please contact the specific lender you chose. Please note that you may view your entire federal loan history, including current lenders, on the Federal Student Aid website.
Repaying Your Federal Loans
The Department of Education offers many resources to help you find the right repayment plan, learn how to make payments, get help if you can’t afford your payments, and see what circumstances might result in a loan being forgiven, canceled, or discharged. Visit the Federal Student Aid website for a full guide on repaying your student loans.
Federal Loan ServicerYour loan servicer is the company that coordinates your billing and other repayment matters. For the list of appointed federal loan servicers, please visit the Federal Student Aid website. You can make loan payments directly with your appointed loan servicer.
NYU Stern participates in the Public Service Loan Forgiveness (PSLF) Program. To qualify, you must have made at least 120 payments on non-defaulted federal loans under certain repayment plans while holding a full-time, public service position. For further details such as borrower eligibility requirements and what constitutes a public service position, please visit the Federal Student Aid website.
Federal Loan Forgiveness
* In the Direct Loan program, the U.S. Department of Education provides the loan funds. Repayments are made directly to the federal government. In the FFEL program, the student selects a private lender to provide the loan funds. Repayments are made to the private lender.