Instructions for Federal Loan Borrowing

Accept or decline your financial aid awards online

Log in to the MyNYIT Portal. You may access your Financial Assistance Plan online at NYITConnect.

Federal Direct Stafford Loan

For new Federal Stafford Loan borrowers only:

  • Sign in to studentaid.gov.
  • Follow the online instructions to complete the following requirements:
    • Stafford Entrance Counseling
    • Stafford Master Promissory Note

Federal Direct Parent PLUS Loan

  • Sign in to studentaid.gov.
  • Follow the online instructions to complete the following requirements:
    • Parent PLUS Application Process (credit check). Click on “Apply for a PLUS Loan.”Continuing borrowers only need to complete this step.
    • Complete Parent PLUS Master Promissory Note
  • If you are denied for a Parent PLUS Loan, you may be eligible for additional Unsubsidized Stafford Loan funds.

Federal Direct Graduate PLUS Loan

  • Sign in to studentaid.gov.
  • Follow the online instructions to complete the following requirements:
    • Graduate PLUS Application Process (credit check). Click on “Apply for a PLUS Loan.”Continuing borrowers only need to complete this step.
    • Complete Graduate PLUS Entrance Counseling (also applicable for Direct Stafford Loans)
    • Complete Graduate PLUS Master Promissory Note

Federal Perkins Loan

  • Log in to the MyNYIT Portal. Complete the Perkins Master Promissory Note (MPN) and the Perkins Entrance Counseling in NYITConnect. New government provisions have a limit to new loans to undergraduates who have remaining need after accounting for all Direct Loan eligibility (both Subsidized and Unsubsidized). No new loans could be made to graduate students, although some current graduate borrowers would be grandfathered. The progress of these federal provisions will be monitored.

Learn more about Loan Repayment