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Student Loan Information

Undergraduate Loans

Stafford Loans

Under the Direct Loan program, Stafford loans are borrowed directly from the federal government (U.S. Department of Education).  Please feel free to contact the Direct Loan Servicing Center at 1-800-848-0979 for any questions regarding Direct Loan Stafford loans. 

Terms

Stafford Loans under the Direct Loan program have a 1.059% origination fee.
Example: A $5,500 Subsidized Stafford loan will net $5,442. Please keep this fee in mind while budgeting.

To apply for a Stafford Loan through the Direct Loan program, please follow the following steps:

  1. Click here to complete your Loan Entrance Counseling and Master Promissory Note (MPN). If you have already completed the Entrance Counseling and MPN for Direct Loan, or are not sure, please sign in and then select the appropriate links on the left side of https://studentloans.gov/myDirectLoan/index.action. If you have already completed both the Entrance Counseling and MPN, you can go directly to Step 2.
  2. Complete the Federal Stafford Loan Request Form in the accordion below. Once you have completed the form, thoroughly review the entered information once more and submit.

Your loan will NOT be processed until you have completed all of the above steps.

Federal loans must be applied for before the end of the academic term, to view the undergraduate student calendar click here.

* = required information

Parent Loan (PLUS)

Under the Direct Loan program, PLUS loans are borrowed directly from the federal government (U.S. Department of Education). Eligibility and approval for this loan is based on a credit check, which is performed by the U.S. Department of Education. Please feel free to contact the Direct Loan Servicing Center at 1-800-848-0979 for any questions regarding the Direct Loan PLUS.

Terms

  • The interest rate is fixed at 5.30%.
  • Parent Loans under the Direct Loan program deduct a 4.248% origination fee.
    Example: A $10,000 Parent PLUS loan will net $9,575. Please keep this fee in mind while calculating the actual net amount needed.

To apply for a Parent PLUS loan through the Direct Loan program, please complete the following steps:

  1. Click here to complete your Parent PLUS Loan Application
    1. Sign In
    2. Click on the "Request a Direct PLUS Loan" link
    3. Scroll down and click on the "Parent PLUS" link
    4. Complete the Parent PLUS Loan Application
    5. Applicants must include a dollar amount on the Parent PLUS loan application! Select the "I would like to specify a loan amount" option, and then input the amount that you would like to borrow within the "Loan Amount Requested" box.
      Note: Do not select the "maximum Direct PLUS Loan amount" option! To help determine the amount that you may need to apply for, please refer to your financial aid award or contact the Financial Aid office at 212-960-5399.
    6. Complete all of the required fields and submit the application
    7. Do not log out of the studentloans.gov website! Proceed to Step 2!
  2. If your Parent PLUS Loan Application is approved by Direct Loans, then proceed with completing your Parent PLUS Loan Master Promissory Note on the studentloans.gov website.
    PLEASE NOTE: If you have completed a Parent PLUS Loan MPN with Direct Loans within the last 10 years, you may not be required to complete a new MPN. It is your responsibility to check with Direct Loans.
    1. Click on "My Account" on the left-hand side of the website
    2. Click on the "Complete Master Promissory Note" link
    3. Click on the "Parent PLUS" link
    4. Complete the Master Promissory Note
  3. If your Parent PLUS Loan Application is approved, you will receive an email notification from Direct Loans containing the following subject line: "Parent PLUS Loan Request Confirmation". You are REQUIRED to forward that email to the Office of Financial Aid at studentaid@yu.edu in order for your Parent PLUS Loan to be officially processed.

Student’s are required to accept their annual Stafford loans BEFORE parent’s can applying for the Parent PLUS loan!

Federal loans must be applied for before the end of the academic term, to view the undergraduate student calendar click here

Graduate Loans

Stafford Loans

Under the Direct Loan program, Stafford loans are borrowed directly from the federal government (U.S. Department of Education). Please feel free to contact the Direct Loan Servicing Center at 1-800-848-0979 for any questions regarding Direct Loan Stafford loans.

Terms

  • The 2020-2021 fixed interest rate is 4.30%.
  • Stafford Loans under the Direct Loan program have a 1.059% origination fee.

Example: A $20,500 Stafford loan will net $20,283, Please keep this fee in mind while budgeting.

To apply for a Stafford Loan through the Direct Loan program, please follow the following steps:

  1. Click here to complete your Loan Entrance Counseling and Master Promissory Note (MPN). If you have already completed the Entrance Counseling and MPN for Direct Loan, or are not sure, please sign in and then select the appropriate links on the left side of https://studentloans.gov. If you have already completed both the Entrance Counseling and MPN, you can go directly to Step 2.
  2. Complete the Federal Stafford Loan Request Form in the accordion below. Once you have completed the form, thoroughly review the entered information once more and submit.

Your loan will NOT be processed until you have completed all of the above steps.

Federal loans must be applied for before the end of your academic term, to view the graduate student calendar click here.

* = required information

Graduate PLUS Loan

Under the Direct Loan program, Graduate PLUS loans are borrowed directly from the federal government (U.S. Department of Education). Eligibility and approval for this loan is based on a credit check, which is performed by the U.S. Department of Education.  Please feel free to contact the Direct Loan Servicing Center at 1-800-848-0979 for any questions regarding the Direct Loan Graduate PLUS.

Terms

  • The 2020-2021 fixed interest rate is 5.30%.
  • Graduate PLUS Loans under the Direct Loan program are subject to a 4.236% origination fee.
  • Example: a $10,000 Graduate PLUS loan will net $9,575. Please keep this in mind while calculating the actual net amount needed.

To apply for a Graduate PLUS loan through the Direct Loan program, please complete the following steps: 

  • Step A: If your Graduate PLUS Loan Application is approved by Direct Loans, then proceed with completing your Graduate PLUS Loan Master Promissory Note on the studentloans.gov website.
    PLEASE NOTE: If you have completed a Graduate PLUS Loan MPN with Direct Loans within the last 10 years, you may not be required to complete a new MPN. It is your responsibility to check with Direct Loans. This does not apply to any student who received a Graduate PLUS loan with an endorser. Endorsed Graduate PLUS loans require a new MPN for every new loan!   
  • Step B: If your Graduate PLUS Loan Application is approved, you will receive an email notification from Direct Loans containing the following subject line: "PLUS Loan Request Confirmation". You are REQUIRED to forward that email to the Office of Student Finance at Financial Aid studentaid@yu.edu in order for your Graduate PLUS Loan to be officially processed. 

Important note: Applicants are required to accept their annual Stafford loan BEFORE applying for a Graduate PLUS loan! If you have not accepted your Stafford loan on Yeshiva's website, do not proceed with completing the Graduate PLUS loan application! Once you have accepted your Stafford loan, you can proceed with completing the Graduate PLUS loan application!  

How to:

  1. Click HERE to complete your Graduate PLUS Loan Application
  2. Sign In
  3. Click on the "Request a Direct PLUS Loan" link
  4. Scroll down and click on the "Graduate PLUS" link
  5. Complete the Graduate PLUS Loan Application
  6. Applicants must include a dollar amount on the Graduate PLUS loan application! Select the "I would like to specify a loan amount" option, and then input the amount that you would like to borrow within the "Loan Amount Requested" box. DO NOT select the "maximum Direct PLUS Loan amount" option! To help determine the amount that you may need to apply for, please refer to your financial aid award letter. Continuing students can view their financial aid account and cost of attendance budget on Banner Self-Service: www.yu.edu/myyu.
  7. Complete all of the required fields and submit the application
  8. Do not log out of the studentloans.gov website! Proceed to Step A from above!
  9. Click on "My Account" on the left-hand side of the website
  10. Click on the "Complete Master Promissory Note" link
  11. Click on the "Graduate PLUS" link
  12. Complete the Master Promissory Note

Please note: Federal loans must be applied for before the end of your academic term, to view the graduate student calendar click here.

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