NYU Office of Financial Aid

home > loans available > private loans > graduate
Private Loans for Graduate and Professional Students
New York University traditionally selects lenders to provide private student loans through a competitive bidding process, and prefers those lenders who are able to provide loans to the greatest number of its students at the lowest available interest rates and with no fees.

In keeping with this practice, NYU issued a Request for Proposals (RFP) for the 2009-10 academic year with the same goals in mind.

However, given current conditions in the credit markets and the likely fluctuations in pricing and underwriting standards going forward, we have determined that we cannot recommend one lender at this time.

Instead, we are pleased to present the following randomized list of those lenders who responded to our RFP and have expressed an active interest in lending to NYU students. You may reload this page to see the list randomize.

(A note to other prospective lenders wishing to participate: you are invited to submit a proposal to NYU at any time. Please see the RFP link above and follow the instructions accordingly.)

You are not required to borrow from any of the lenders listed below and there is no penalty for selecting a different lender, if you prefer. We encourage you to compare information among these and other available student loan providers. As always, we strongly encourage all students to borrow from federal sources first, and, in particular, to consider the Federal PLUS Loan Program before turning to private loans.

There are no maximum income limits. Individual lenders will, at their discretion, evaluate credit history. For application information and details about terms and conditions, please visit the lender's web site or contact the sponsor's toll-free 800 number. Please note that application fees are not refundable.

In addition to federal and private student loans, some students may be eligible for the following state programs:

Connecticut residents maya be eligible for CHESLA: within Connecticut contact toll-free 800-252-3357, outside Connecticut contact toll-free 860-236-1400.
New Jersey residents may be eligible for NJCLASS: contact toll-free 800-792-8670.

Please contact the Office of Financial Aid if you have any questions.

Wells Fargo Graduate Loan

Sponsor: Wells Fargo Education Financial Services, 800-658-3567.

Amount: Minimum: $1,000.
Maximum: Full cost of education, minus other financial aid received. (Aggregate limits: Graduate $120,000; Business/Law $180,000.)

Interest: Currently as low as 4.75%. Based on variable rate equal to prime rate plus 1.50% to 5.0% (without co-borrower) based on credit history, adjusted monthly.

Eligibility: Student must be enrolled in a degree program and be a U.S. citizen, permanent resident, or international student with a U.S. co-signer.

Term: 15 years.

Fees: None.

Deferral: Principal and interest are deferred while students are in-school. Interest is capitalized at repayment.

MORE-->

Sallie Mae Smart Option Student Loan

Sponsor: Sallie Mae, 1-888-272-5543

Amount: Minimum: $1,000.
Maximum: Borrow as much as you need to pay for your education, up to the cost of attendance as certified by your school and confirmed by Sallie Mae, less other financial aid received. Sallie Mae reserves the right to approve a lower loan amount than what the school has certified.

Interest: Interest rates are variable, based on the one-month LIBOR Rate:
LIBOR + 4.0% (APR 4.375%) to LIBOR + 10.50% (APR 10.875%). The Annual Percentage Rate (APR) is a variable rate and will increase if the one-month LIBOR rate increases. The APRs shown are APRs effective as of 5/26/09.

Eligibility: You must attend an eligible community college, four- or five-year college or university, or eligible graduate program at least half time. In some circumstances, the Smart Option Student Loan is available to less than half-time graduate business students. Contact your financial aid office for more information.

Term: Will vary based on loan amount and year in school.

Fees: 0.00% to 3.00%

Deferral: Required interest-only payments for in-school period including separation period (formerly known as grace). Principal and Interest payments required after separation period.

MORE-->

Discover Student Loan

Sponsor: Discover Bank, 877-728-3030.

Amount: Minimum: $1,000.
Maximum: Full cost of education, minus other financial aid received. (Aggregate limit: $200,000.)

Interest: Currently as low as 4.25%. Variable rate adjusted quarterly, Prime plus 1.0% and up to Prime plus 7.75% (based on credit history). Adjusted quarterly.

Eligibility: Student must be enrolled in a degree program and be a U.S. citizen or a permanent resident with a Social Security number.

Term: 20 years.

Fees: None.

Deferral: Principal and interest. Interest will be capitalized at repayment.

MORE-->

Chase Select Student Loan

Sponsor: JPMorgan Chase Bank, 1-866-306-0868.

Amount: Minimum: $500.
Maximum: Full cost of education, minus other financial aid received. (Aggregate limits: Graduate $180,000, Medical/Professional $250,000.)

Interest: Currently as low as 3.82%. Based on variable rate equal to 3-month LIBOR plus 3.20% to 7.50% (based on borrower's credit history), adjusted quarterly.

Eligibility: Student can be registered full-time, half-time (6 to 11 credit points) or less than half-time in a degree or certificate program, and be a U.S. citizen or permanent resident. International students or students who do not meet credit, income, and employment guidelines will need to apply with an eligible U.S. co-signer.

Term: 20 years to repay (25 years for loans in excess of $30,000).

Fees: None.

Deferral: Principal and interest.

MORE-->

Graduate Leverage Student Loan

Sponsor: Graduate Leverage, 888-350-8488.

Amount: Minimum: None.
Maximum: $30,000 per year. (Aggregate limits: Graduate $150,000; Medical/Dental $250,000; Bar Exam $17,500; Internship/Residence/
Relocation $20,000.)

Interest: Currently as low as 2.14%. Based on variable rate equal to 1-month LIBOR plus 1.75% to 10.0%. Adjusted quarterly.

Eligibility: Student must be enrolled in a degree program and be a U.S. citizen, a permanent resident, or an international student with a U.S. co-signer.

Term: 20 years.

Fees: 0.00% to 6.00%.

Deferral: Principal and interest. Interest will be capitalized at repayment.

MORE-->

Citibank CitiAssist Student Loan

Sponsor: Citibank, 800-967-2400.

Amount: Minimum: $1,000.
Maximum: Full cost of education, minus other financial aid received. (Aggregate limits: Graduate $150,000; Law $180,000; Bar Exam $15,000; Health Professions $275,000; Residency, Relocation and Review $18,000.)

Interest: Currently as low as 5.37%. Based on variable rate equal to 3-month LIBOR plus 4.75% to 11.50% (based on borrower's credit history), for life of loan. Adjusted quarterly.

Eligibility: Student can be enrolled full-time, half-time or less-than-half-time be enrolled in a degree or non-degree program, and be a U.S. citizen, permanent resident or an international student with a U.S. co-signer.

Term: 20 years.

Fees: 0.00% to 6.00%

Deferral: Principal and interest are deferred while students are in-school. Any unpaid interest while in-school will be capitalized once at repayment.

MORE-->

Wells Fargo Graduate Loan
Sponsor:	Wells Fargo Education Financial Services, 800-658-3567.
Amount:	Minimum: $1,000. Maximum: Full cost of education, minus other financial aid received. (Aggregate limits: Graduate $120,000; Business/Law $180,000.)
Interest:	Currently as low as 4.75%. Based on variable rate equal to prime rate plus 1.50% to 5.0% (without co-borrower) based on credit history, adjusted monthly.
Eligibility:	Student must be enrolled in a degree program and be a U.S. citizen, permanent resident, or international student with a U.S. co-signer.
Term:	15 years.
Fees:	None.
Deferral:	Principal and interest are deferred while students are in-school. Interest is capitalized at repayment.
MORE-->

Sallie Mae Smart Option Student Loan
Sponsor:	Sallie Mae, 1-888-272-5543
Amount:	Minimum: $1,000. Maximum: Borrow as much as you need to pay for your education, up to the cost of attendance as certified by your school and confirmed by Sallie Mae, less other financial aid received. Sallie Mae reserves the right to approve a lower loan amount than what the school has certified.
Interest:	Interest rates are variable, based on the one-month LIBOR Rate: LIBOR + 4.0% (APR 4.375%) to LIBOR + 10.50% (APR 10.875%). The Annual Percentage Rate (APR) is a variable rate and will increase if the one-month LIBOR rate increases. The APRs shown are APRs effective as of 5/26/09.
Eligibility:	You must attend an eligible community college, four- or five-year college or university, or eligible graduate program at least half time. In some circumstances, the Smart Option Student Loan is available to less than half-time graduate business students. Contact your financial aid office for more information.
Term:	Will vary based on loan amount and year in school.
Fees:	0.00% to 3.00%
Deferral:	Required interest-only payments for in-school period including separation period (formerly known as grace). Principal and Interest payments required after separation period.
MORE-->

Discover Student Loan
Sponsor:	Discover Bank, 877-728-3030.
Amount:	Minimum: $1,000. Maximum: Full cost of education, minus other financial aid received. (Aggregate limit: $200,000.)
Interest:	Currently as low as 4.25%. Variable rate adjusted quarterly, Prime plus 1.0% and up to Prime plus 7.75% (based on credit history). Adjusted quarterly.
Eligibility:	Student must be enrolled in a degree program and be a U.S. citizen or a permanent resident with a Social Security number.
Term:	20 years.
Fees:	None.
Deferral:	Principal and interest. Interest will be capitalized at repayment.
MORE-->

Chase Select Student Loan
Sponsor:	JPMorgan Chase Bank, 1-866-306-0868.
Amount:	Minimum: $500. Maximum: Full cost of education, minus other financial aid received. (Aggregate limits: Graduate $180,000, Medical/Professional $250,000.)
Interest:	Currently as low as 3.82%. Based on variable rate equal to 3-month LIBOR plus 3.20% to 7.50% (based on borrower's credit history), adjusted quarterly.
Eligibility:	Student can be registered full-time, half-time (6 to 11 credit points) or less than half-time in a degree or certificate program, and be a U.S. citizen or permanent resident. International students or students who do not meet credit, income, and employment guidelines will need to apply with an eligible U.S. co-signer.
Term:	20 years to repay (25 years for loans in excess of $30,000).
Fees:	None.
Deferral:	Principal and interest.
MORE-->

Graduate Leverage Student Loan
Sponsor:	Graduate Leverage, 888-350-8488.
Amount:	Minimum: None. Maximum: $30,000 per year. (Aggregate limits: Graduate $150,000; Medical/Dental $250,000; Bar Exam $17,500; Internship/Residence/ Relocation $20,000.)
Interest:	Currently as low as 2.14%. Based on variable rate equal to 1-month LIBOR plus 1.75% to 10.0%. Adjusted quarterly.
Eligibility:	Student must be enrolled in a degree program and be a U.S. citizen, a permanent resident, or an international student with a U.S. co-signer.
Term:	20 years.
Fees:	0.00% to 6.00%.
Deferral:	Principal and interest. Interest will be capitalized at repayment.
MORE-->

Citibank CitiAssist Student Loan
Sponsor:	Citibank, 800-967-2400.
Amount:	Minimum: $1,000. Maximum: Full cost of education, minus other financial aid received. (Aggregate limits: Graduate $150,000; Law $180,000; Bar Exam $15,000; Health Professions $275,000; Residency, Relocation and Review $18,000.)
Interest:	Currently as low as 5.37%. Based on variable rate equal to 3-month LIBOR plus 4.75% to 11.50% (based on borrower's credit history), for life of loan. Adjusted quarterly.
Eligibility:	Student can be enrolled full-time, half-time or less-than-half-time be enrolled in a degree or non-degree program, and be a U.S. citizen, permanent resident or an international student with a U.S. co-signer.
Term:	20 years.
Fees:	0.00% to 6.00%
Deferral:	Principal and interest are deferred while students are in-school. Any unpaid interest while in-school will be capitalized once at repayment.
MORE-->