Loan Programs

Students may be eligible to take out federal and/or private education loans to cover tuition and other education-related costs, which might include books and supplies, personal expenses, and transportation costs. For federal student loans, you must fill out a Free Application for Federal Student Aid (FAFSA). Be sure to include the FAFSA school code: 002785.

Domestic Students - Federal and Private Loans

U.S. citizens and U.S. permanent residents are eligible for federal loans. They also have the option to apply for private loans.

Federal Loans 

The Department of Education offers both Direct Unsubsidized and Graduate PLUS loans. Students must submit the Free Application for Federal Student Aid (FAFSA) to be reviewed for federal aid. Applicants are encouraged to submit their FAFSA no later than May of the calendar year they intend to start school. The FAFSA data determine eligibility for the following:

Direct Unsubsidized Loan
Students are eligible for $10,250 per semester in the federal Direct Unsubsidized loan program. This loan has an interest rate (effective for loans disbursed between July 1, 2024 and June 30, 2025) of 8.08% fixed with a loan origination fee of 1.057%, which is applied at disbursement.

Graduate PLUS Loan
In order to supplement the federal Direct Unsubsidized loan, domestic students are also eligible for the Graduate PLUS loan to help cover the full cost of attendance. This loan has an interest rate (effective for loans disbursed between July 1, 2024 and June 30, 2025) of 9.08% fixed with a loan origination fee of 4.228%, which is applied at disbursement.

For more information on the federal loan program, visit the Stern Graduate Financial Aid website.

Private Loans

U.S. citizens and U.S. permanent residents may also be eligible for private student loans. A comprehensive list of lenders typically used by Stern students can be found on the Stern Graduate Financial Aid website.

International Students – Private Loans 

International students may be eligible to receive private student loans with or without a U.S. co-signer. For information on potential private student loan opportunities, please visit the Stern Graduate Financial Aid website.

If you have questions about financial aid, contact our Graduate Financial Aid team at fin-aid@stern.nyu.edu or 212-998-0790 or visit the website for instructions and access to other resources.

Students taking out loans should expect to pay loan origination fees to lenders.