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News and Events
News
Events

Aug 27 2014

NYIT Architecture Professor Helps Illuminate Burning Man Festival

Aug 26 2014

PA Grads Attain High Pass Rate on National Exam

Aug 19 2014

NYIT Cybersecurity Conference 2014

Aug 18 2014

NYIT and Turkish Partner YTU Offer Dual Master’s Degrees

Aug 08 2014

Student-Doctors Begin NYIT Osteopathic Medical Education

Aug 27 2014

Graduate Enrollment Day

Aug 29 2014

Domestic Residential New Student Orientation - Old Westbury

Sep 02 2014

New MFA Graduate Student Orientation

Sep 04 2014

Women’s Soccer vs. New Haven

Sep 05 2014

Career Services Welcome Back Breakfast

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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