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Financial Assistance

Securing Federal Direct Loans

Before a student can secure federal loans, they must complete a FAFSA form so their federal eligibility can be determined.  Once the FAFSA is received and processed by NYU, the Office of Financial Aid will suggest federal loans that families may use to cover their NYU costs.  The student is notified via Albert to review the awards, accept the items they wish to use, and to read the steps needed to secure the loans. Students and parents must complete all steps indicated on their Albert account or the loan will not disburse to the bill. Details for all the steps can be found at Direct Loan Instructions.

In sum:

  • Students:  Be sure to complete the Entrance Counseling and Sign a Master Promissory Note at
  • Parents: Must complete a Plus Loan Request form and sign a Master Promissory note on  The PLUS loan is a credit-based loan, and the credit is approved by Direct Loans. NYU will send a final confirmation email to the email address initially provided when the Plus loan was accepted on Albert. In this final email, the borrower will be required to accept the PLUS loan amount that was approved. After all these steps are completed, the loan will be eligible for disbursement.

Please note:  Loans cannot disburse prior to 10 days before the beginning of the semester, even though you may be given credit on your bill prior to that time.




Ensuring Financial Aid Disbursement

If you are not being given credit for financial aid that was offered to you in your award, there are a few steps that you may take to make sure you aid is reflected to your NYU e-Bill.

  • You may have a "Hold" on your account.

A "Hold" can be placed on a student’s account by the Office of Financial as well as other offices across the University. It is important to click the "details" link for instructions. Please be aware that once the hold is resolved, the "Hold" is not released instantly, but typically takes two to three business days to clear.

One of the most common "Hold" reasons is "Enrollment Mismatch" (watch the video in the column at right). You must be registered for the minimum number of credits we anticipated on your financial aid award for your aid to disburse. If you intend to register for fewer credits than we anticipated, please update your enrollment in your Albert Student Center so that  financial aid adjustments can be made (if necessary) to your aid eligibility. Please note there are minimum enrollment requirements for items such as federal loans, Pell Grant, and NYU Scholarship if these are offered to you. Please be aware of this when making adjustments to your enrollment.

  • You may have items outstanding on your “To Do” List.

If you have items outstanding on your “To Do” list, this may prevent financial aid from disbursing.  Such items include Proof of Citizenship requests, Promissory Note(s) if you wish to use loans, and verification requests.  You are responsible for checking your Albert To-Do list periodically to ensure that outstanding items are addressed. Please be aware that once the documentation is submitted, it will need to be reviewed by the Office of Financial Aid, so allow for processing time.

  • The type of financial aid offered is not intended to disburse onto your bill.

Some types of aid are not intended to disburse on your e-Bill. The most common types are stipends and Federal Work Study. Stipends are paid via check or direct deposit. Federal Work Study is also paid via check or direct deposit and is based upon hours a student works within that program.




Comparing Your e-Bill and Your Financial Aid

When you receive your e-Bill, you will notice charges such as tuition, fees, NYU housing (if applicable), and health insurance.  Please review the bill for accuracy. If you are using financial aid, and your aid has been applied for and approved, then you may see anticipated credit on your bill.

Sometimes the estimated financial aid that was offered does not cover your e-Bill in its entirety. This may happen if you have not accepted or applied for all of the items of aid that were listed or your housing and fees are higher than the standard cost. This may also happen if the aid is not disbursable directly to the bill (ie: stipends or Federal Work Study). Please review your financial aid summary (located in Albert) to learn what your standard cost was based upon. If you are seeking educational loans to meet additional educational expenses please contact the Office of Financial Aid so that your eligibility can be reviewed.




Seeking Additional Financial Assistance

If you find you are in need of additional financial aid, there are a few options to consider based on your circumstances.

  • If your financial situation (or your spouse's or parents) has drastically changed since you filed the FAFSA, please review the Professional Judgment form located on our Applications and Forms menu. If you meet one of the criteria listed, you might be eligible to have your federal financial aid eligibility reviewed.
  • If you are a returning undergraduate student, consider appealing for additional scholarship through NYU's online appeal process. This option is typically available via NYU's Office of Financial Aid website. Read the deadlines and directions carefully so you can plan accordingly.
  • Financial Aid for Graduate students is usually administered by the student’s respective graduate school. Students seeking additional funding through their school can contact their specific graduate school contacts to determine eligibility criteria.  Go to References and Resources and see the School Financial Aid Contacts in the right column.
  • Consider seeking outside scholarships. Typically if a student is awarded aid from an organization outside of NYU, the student's NYU aid is not directly affected. For more details on how to apply please see Scholarships and Grants from Other Organizations.


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