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News and Events
News
Events

Nov 18 2014

NYIT Celebrates International Education Week

Nov 10 2014

Men’s Soccer Wins ECC Championship with 1-0 Victory over LIU Post

Nov 07 2014

Dr. Jerry Balentine New Vice President for Medical Affairs and Global Health

Nov 07 2014

NYIT Management Students Advance to Fed Challenge Semi-Finals

Nov 04 2014

NYIT’s STEAM Career Fair Links Students to Employers

Nov 21 2014

Mini-Retreats for Scholarly Writing

Nov 24 2014

Device Control for Energy Efficiency and Demand Response

Nov 24 2014

Movember Celebration

Dec 01 2014

Job Search Strategies

Dec 01 2014

Head in the Cloud? Protecting Your Privacy in a Mobile World

Loan Limits

Annual and Aggregate Federal Loan Limits 2013 - 2014

Dependent Undergraduate Students

  Freshman
0-30 Credits
Sophomore
31-62 Credits
Junior
63-96 Credits
Senior
97+ Credits
Aggregate Limit
Stafford (Subsidized / Unsubsidized) $3,500 $4,500 $5,500 $5,500 $23,000
Additional Unsubsidized Stafford $2,000 $2,000 $2,000 $2,000 $8,000  

Total Stafford

$5,500 $6,500 $7,500 $7,500 $31,000


Independent Undergraduate/Dependent Undergraduate Students with PLUS Denial

  Freshman
0-30 Credits
Sophomore
31-62 Credits
Junior
63-96 Credits
Senior
97+ Credits
Aggregate Limit
Stafford (Subsidized / Unsubsidized) $3,500 $4,500 $5,500 $5,500 $23,000
Additional Unsubsidized Stafford $6,000 $6,000 $7,000 $7,000 $34,500  

Total Stafford

$9,500 $10,500 $12,500 $12,500 $57,500


Graduate/Professional Students

  Graduate Limit Aggregate Limit
Unsubsidized Stafford * $20,500 $138,500
* Ineligible for Subsidized Stafford Loans first disbursed on or after July 1, 2012.


Federal Direct Loan Origination Fees and Interest Rates

  For loans first disbursed on or after July 1, 2013 but before
December 1, 2013
  For loans first disbursed on or after December 1, 2013
  Origination Fee Interest Rate   Origination Fee
Undergraduate Subsidized
Stafford
1.051% 3.86%   1.072%
Undergraduate Unsubsidized Stafford 1.051% 3.86%   1.072%
Graduate Unsubsidized Stafford 1.051% 5.41%   1.072%

Parent PLUS **

4.204% 6.41%   4.288%

Graduate PLUS **

4.204% 6.41%   4.288%
** Parent and Graduate PLUS Loan eligibility depends on credit approval. You may borrow up to the cost of attendance, minus any other aid received.


Federal Perkins Loan Program (Interest Rate 5%)

  Freshman
0-30 Credits
Sophomore
31-62 Credits
Junior
63-96 Credits
Senior
97+ Credits
 

Annual Maximum

$5,500 $5,500 $5,500 $5,500  

Aggregate Total

$11,000 $11,000 $27,500 $27,500  
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