NYU Stern Graduate Financial Aid | Federal Student Loan Procedure

1. File the FAFSA (Free Application for Federal Student Aid) at www.studentaid.gov, including NYU's school code 002785. The information you report determines your eligibility for the Federal Direct Unsubsidized Loan and the Federal Direct Graduate PLUS Loan.
2. Officially accept the loans on NYU Albert, the university-wide system. You will first receive instructions on securing your loans via your Stern e-mail account. 
   Please note: If you plan to use your federal student loan(s) to cover your tuition and other NYU-related charges, accept your loan(s) before your payment deadline. However, you will have until approximately one month before the semester ends to accept them.
3. Electronically sign your Loan Agreement (MPN) at www.studentaid.gov. There is a separate Loan Agreement (MPN) for the Federal Direct Unsubsidized Loan and the Federal Direct Graduate PLUS Loan.
4. Complete ONE on-line entrance counseling session at www.studentaid.gov. This includes information regarding both the Federal Direct Unsubsidized Loan and the Federal Direct Graduate PLUS Loan.
5. Renew the FAFSA for each academic year in which you wish to receive federal aid. All federal loans' Loan Agreements (MPNs) are valid for 10 years. However, if a student applies for the Federal Direct Graduate PLUS Loan with an endorser, he/she must sign a new Loan Agreement (MPN) for each additional Graduate PLUS Loan desired. Please email the Stern Graduate Financial Aid Office if you were credit approved with an endorser or due to the credit appeal process.
6. Track your federal loans on the Federal Student Aid website. The Federal Student Aid website displays information on loan amounts, balances, statuses, servicers, and disbursements. Please note that loans are reported to NSLDS within 30 days of receipt of funds. If you have been making payments on a loan, the outstanding principal balance listed by NSLDS may be as much as 120 days old. You should contact the loan servicer for more up-to-date balance information. 

Direct Loan Contact Information