Federal Loans

Students must be enrolled in a minimum of six credits per semester to be eligible for federal loans. The NYU Office of Financial Aid determines your loan eligibility upon reviewing FAFSA data and your anticipated enrollment. Your loan eligibility will be included in your financial aid package. An overview of loans for which you may be eligible is below, and more detailed information can be found at the NYU Office of Financial Aid.

There are subsidized and unsubsidized Federal Stafford Loans.

Subsidized Stafford Loans accrue no interest while you are attending school. Payment on subsidized loans begins six months after graduation or before if you fall below half-time status (six credits). The current limits for subsidized loans are:

  • $3,500 for freshmen
  • $4,500 for sophomores
  • $5,500 for juniors and seniors

Unsubsidized Stafford Loans do accrue interest while you are attending school. Payment for interest on unsubsidized loans starts 60 days after the loan funds are credited to your bill, but can be deferred. The current limits for unsubsidized loans are:

  • $5,500* for dependent freshmen
  • $9,500* for independent freshmen
  • $6,500* for dependent sophomores
  • $10,500 for independent sophomores
  • $7,500* for dependent juniors and seniors
  • $12,500 for independent juniors and seniors
  • *These totals include any Subsidized Stafford Loans that you may qualify for.

    Dependent students whose parents have been credit denied for a PLUS Loan may qualify for Unsubsidized Federal Stafford Loans and should inquire with the NYU Office of Financial Aid about this possibility.

    Private Loans

    Private loans may be borrowed for up to the total cost of attendance minus any other financial aid received. Students should apply for all eligible federal assistance available by submitting the FAFSA before considering a private, alternative loan. Most private loans are more expensive than federal loans and terms, conditions, and eligibility requirements vary.

    For more information about federal and private loans, visit the NYU Office of Financial Aid.