A non-federal private loan may be an appropriate choice for you, if:
| > | You have applied for the maximum amount of all federal loans suggested to you and still have a difference between the cost of attendance and the total financial aid you have received. | |
| > | You are a dependent undergraduate student and your parents will not borrow (or have been denied) a Federal PLUS Loan (see also the Federal Unsubsidized Stafford Loan). | |
| > | U.S. government regulations make you ineligible for a federal loan. You may still qualify for a private loan because such programs are not bound by the same federal restrictions. For example, if you are not making satisfactory academic progress, are in default on a federal loan, did not respond to verification requests, are enrolled for less than 6 points, or are ineligible for federal loans for other reasons, you may be eligible for private loans instead. | |
| > | You are in arrears for a semester prior to the current semester. You may be able to receive a private loan for an earlier loan period. | |
| > | You are an international student with limited borrowing alternatives. (See our notice to international students below.) |
Most private loans are more expensive than federal loans and you are advised to plan accordingly. Some do not have full deferment options. It is best not to borrow more than you absolutely need. Also note that such loans are for educational purposes only, which means you must be a registered student and the amount you borrow cannot exceed the cost of attendance. (Specific alternative loan programs may have fixed minimum and maximum amounts for which you can apply.)
Below is a randomly sorted reference list of all lenders that have provided private education loans to NYU students during the past several years. New York University does not prefer, recommend, promote, endorse, or suggest any of these lenders. You are not required to borrow from any of the lenders appearing below and there is no penalty for selecting a different lender, if you prefer. (Processing delays may result only if another lender you select has not previously authorized NYU to certify a loan.) We encourage you to compare information among these and other available student loan providers. (See our information about Lenders and Guarantors.)
There are no maximum income limits. Individual lenders will evaluate credit history. For application instructions and details about terms and conditions, refer to the lender's web site via the links provided or contact them by phone. Please note that application fees are not refundable.
| > | NOTICE TO INTERNATIONAL STUDENTS: The list below includes
private lenders that provide education loans specifically to international
students. (However, not all international students will be eligible for
every international loan program shown.) Before you investigate these and
other sources of international student loan funding (we advise you to
check with your home country), consider first whether you are eligible for
U.S. federal student aid (see Citizenship).
If you are eligible, it is in your best interest to pursue federal student
financial aid opportunities first (begin by submitting the Free
Application for Federal Student Aid). Next, you may find more
favorable loan terms and conditions by applying instead for a U.S.
domestic private loan with a creditworthy U.S. co-signer. In any event,
you are free to choose any lender that makes loans to students attending
New York University.
(See also: Resources for International Students) |
| * indicates loans for eligible international students |
MEFA Loan, toll-free: 1-800-449-6332 |
U.S. Bank Student Loans, toll-free: 1-800-242-1200 |
Canada Student Loans, phone: 1-819-994-5559 |
* Leo S. Rowe Pan American Fund, phone: 202-458-6208 |
Graduate Leverage Student Loan, toll-free: 888-350-8488 |
NJCLASS Loan, toll-free: 1-800-792-8670 |
Polish and Slavic Federal Credit Union, toll-free: 1-800-206-8503 |
Digital Credit Union, toll-free: 1-800-324-1589 |
* Global Student Loan, phone: 212-736-9666 |
Iowa Student Loan, toll-free: 1-800-243-7552 |
Citizens Bank TruFit Student Loan, toll-free: 1-800-708-6684 |
NASA Federal Credit Union, toll-free: 1-888-627-2328 |
New York University Federal Credit Union, phone: 212-995-3171 |
Wells Fargo Student Loan, toll-free: 1-800-658-3567 |
Credit Union Student Choice, toll-free: 1-800-237-5678 |
PNC Student Loan, toll-free: 1-800-762-1001 |
UMASS Federal Credit Union, toll-free: 1-866-266-3832 |
Sallie Mae Smart Option Student Loan, toll-free: 1-888-272-5543 |
Discover Student Loan, toll-free: 1-877-728-3030 |
Academic Answer, toll-free: 1-866-763-6350 |
Northwest Federal Credit Union, toll-free: 1-800-349-9470 |
Citibank CitiAssist Student Loan, toll-free: 1-800-967-2400 |
Credit Union EdAccess Loan, toll-free: 1-888-549-9050 |
* Chase Select International Loan |
RISLA Student Loan, toll-free: 1-800-758-7562 |
Affinity Private Loan, toll-free: 1-800-737-5115 |
Alaska Advantage Loan, toll-free: 1-800-441-2962 |
CHESLA Student Loan, toll-free: 1-800-935-2275 |
VSAC Student Loan, toll-free: 1-800-798-8722 |
EdFinancial Services, toll-free: 1-800-337-1009 |
MELA Loan, toll-free: 1-800-922-6352 |
Chase Select Student Loan, toll-free: 1-866-306-0868 |