Loans Available: Federal and Private
A financial aid package at NYU may suggest several types of loans for which a student is eligible, based on certain criteria (such as anticipated points/credits, housing status, financial need, etc.) and, for campus-administered loans, the availability of funds.
Some federal loan programs, such as the Perkins Loan, Health Professions Student Loan, and Nursing Loan, allocate limited funds to New York University for campus-based disbursement and administration of the loans. NYU will require you to complete a promissory note to ensure appropriate loan disbursement and corresponding credit on your Bursar bill. You should carefully read the instructions and complete the signing process on NYU Albert. You will not receive credit on your bursar's bill if you do not sign your promissory note.
Other federal loans are secured and disbursed to the student in cooperation with the U.S. Department of Education. Your award package may include information about a "suggested loan." This means that you are eligible for the type and amount of loan specified, based upon the information we have about you at the time the award is offered. It does not mean you will automatically receive the loan, but rather informs you of your current eligibility and how to apply. The suggested loan amount in your award package is the maximum you are eligible for and is the amount that NYU has certified for you. If you wish to borrow an amount lower than suggested, please contact the Office of Financial Aid for instructions.
A variety of additional, private (non-federal) alternative loans are also available from individual lending institutions.
Please think carefully about your obligations as a borrower before pursuing any educational loan. Consider your educational investment at NYU, as well as your long-term financial commitments when borrowing.
NOTICE: See References and Resources for information about Loan Deferment, Loan Consolidation, Loan Repayment, and Loan Forgiveness.