Frequently Asked Questions

General Financial Aid Information

All students are encouraged to apply every year for financial assistance by completing the Free Application for Federal Student Aid (FAFSA). In order to complete the FAFSA, you must be a U.S. citizen, permanent resident or eligible non-citizen. Students are required to submit the FAFSA for each year they want to be considered for federal student aid.

Undergraduate students: All students that are also residents of New York State, should complete the New York State Tuition Assistance Program (TAP) application.

Dental hygiene applicants

There are two different types of scholarships: need based and merit based.

  • For need based scholarships: Please submit the FAFSA for consideration. Financial Services will review the fafsa to determine eligibility
  • For merit based scholarships: The Office of Admissions will determine your eligibility for a merit based scholarship at the time of admission to the program.

DDS/PG and Masters Programs applicants

Please contact the Office of Admissions, dental.admissions@nyu.edu

International students that need to borrow for their educational expenses may wish to consider a private loan. Private loan interest rates, terms, conditions and eligibility requirements will vary, and the borrower (and co-borrower, if applicable) should first compare a variety of private student loans offered by banks and other education loan providers and apply only for the alternative loan that best suits their needs.

For more information about private loans, please visit the Private (Nonfederal) Alternative Loans page.

It's a federal definition.There are basic requirements a student must meet to be considered an independent student (see The Guide to Federal Student Aid for criteria). If you do not meet these requirements but you still believe you are truly independent of your parents, please contact the Office of Financial Services directly for more information.


Direct Loans

Steps for Subsidized and/or Unsubsidized Loans

  1. Accept the desired loan(s) on NYU Albert via the Accept/Decline Financial Aid link and follow the instructions provided
  2. Students who are borrowing subsidized and/or unsubsidized loans for the first time as an NYU student must:
    1. Log into Federal Student Aid using your own student FSA ID and password
    2. Sign the Subsidized/Unsubsidized Master Promissory Note (MPN) which can be accessed under the Complete Aid Process tab
    3. Complete the online Entrance Counseling (please be sure to identify yourself as an undergraduate or graduate student) 

Steps for Graduate PLUS Loans

  1. Accept the desired loan(s) on NYU Albert via the Accept/Decline Financial Aid link and follow the instructions provided
  2. Students who are borrowing the Graduate PLUS loan for the first time as an NYU student must:
    1. Log into Log into Federal Student Aid using your own student FSA ID and password
    2. Sign the Graduate PLUS Loan Master Promissory Note (MPN) which can be accessed under the “Complete Aid Process” tab
    3. Complete the online Entrance Counseling (Please be sure to identify yourself as a graduate student. There is only one Entrance Counseling for both the Unsubsidized and PLUS loans )

The Federal PLUS loan and Graduate PLUS loans require a credit check. This means the Department of Education will check a student (or parent’s credit history) to see if they are eligible for the PLUS loan.

The Subsidized and Unsubsidized loans do not require a credit check.

The Office of Financial Aid is not provided with the specific reason for the denial.

If your Graduate PLUS Loan is credit denied there are three options

  1. Appeal the credit decision with the lender, Direct Loans, by documenting extenuating circumstances at the Federal Student Aid site.
  2. Have a qualified cosigner complete an Endorser Addendum at the Federal Student Aid site.
  3. Pursue a private educational loan in the student’s name.

For parents of dependent undergraduate students who have been denied the Federal PLUS loan, the student may request additional Unsubsidized Loan in the student's name from the NYU Office of Financial Aid. The additional loan will be $4,000-$5,000 depending on the student's grade level. If at a later time during the academic year a parent becomes eligible or is approved with an endorser for a Parent PLUS loan, the additional Unsubsidized Stafford Loan will be cancelled.

Federal loan interest rates are subject to change each year and depend on the type of loan. For more information please visit: Federal Direct Loans.

Yes, all Federal loans have loan origination fees. The origination fee is charged by the U.S. Department of Education for each federal student loan you receive. It is a percentage of the total loan amount you are borrowing.

For more information and to calculate the loan origination fee based on the type of loan you are borrowing, please visit: Loan Fee Calculator

DDS students can receive up to $40,500 annually in a Federal Stafford Loan. This amount may be increased for programs longer than nine months.

For DDS students, the total aggregate loan borrowing from Federal Stafford loans cannot exceed $224,000, including all previous borrowing. Graduate Plus loans currently do not have an aggregate borrowing limit. Private loan lenders have the right to set aggregate borrowing limits on private and alternative loans and may consider Stafford borrowing in these limits.


NYU Bill and Refunds

All aid is first applied to your Bursar bill. Aid that exceeds your bill will be refunded to you by the Office of the Bursar.

For more information about refunds, please visit the Office of the Bursar.

Within 120 Days of Disbursement

You have the right to cancel all or part of any disbursement of a Federal Direct Loan without being charged interest and other loan fees as long as the cancellation is processed within 120 days of the original disbursement date. The disbursement date is the date the funds were applied to your NYU Bursar bill during any given semester.

To request a cancellation, you must make your request through the NYU Bursar's Office by completing a Request to Return Loan Funds Form and submitting it to the Bursar as instructed on the form.

More Than 120 Days After Disbursement

If you wish to cancel all or part of any disbursement of your loan more than 120 days after it was disbursed, you are actually repaying part of your loan and you must pay any accrued interest and/or fees. You cannot cancel your loan, but you can make a payment directly to your federal loan servicer. If you are not sure of your assigned servicer, visit and log into the federal government’s National Student Loan Data System to determine your servicer. You may also call 1-800-4-FED-AID to locate your servicer.


Loan deferment

A deferment is a temporary postponement of your regular monthly payment(s), whereby the government may or may not pay the interest on your loan(s), depending on the type of loan(s) you have. Please contact your lender.

You may obtain an internship/residency deferment while serving in an internship program that is required for you to receive professional recognition in order to begin professional practice or service; or serving in a health professions internship or residency training program that leads to a degree or certificate awarded by an institution of higher education, hospital, or health care facility that offers postgraduate training.

Students should speak to a financial aid counselor about their options. There may be a Federal loan option. Also, students may be eligible to borrow a residency/relocation loan with the lender of their choice.

Loan refunds are administered through the Office of the Bursar, and there are important elements to consider if you are anticipating a credit balance. For example, because your loans can not be released to NYU before your designated disbursement date, and because once they are disbursed certain basic enrollment criteria must first be verified (e.g. you normally must be enrolled for at least 6 points) before the loan amount is applied to your account balance, a refund resulting from your student loan will usually not be confirmed and processed until a few days after your disbursement date.


Additional Loan Options

To be eligible for the Health Professions Student Loan a student must be enrolled at the NYU College of Dentistry as a DDS student. The student must be a US citizen, eligible non-citizen, or permanent resident who has filled a FAFSA with student and parental tax data.

DDS students interested in requesting the HPSL should complete the form below. Additionally, students can contact the Office of Financial Services at 212-998-9830 with any questions related to the *HPSL.

(*HPSL and LDS have very limited funding and are offered to students based on the availability of funds.)

To be eligible for the Loan for Disadvantaged Students a student must be enrolled at the NYU College of Dentistry as a DDS student. The student must be a US citizen, eligible non-citizen, or permanent resident who has filled a FAFSA with student and parental tax data.

DDS students interested in requesting the LDS should complete the form below. Additionally, students can contact the Office of Financial Services at 212-998-9830 with any questions related to the *LDS.

(*LDS and HPSL have very limited funding and are offered to students based on the availability of funds.)

Students who have incurred education-related expenses that have exceeded NYU Dentistry’s estimated cost of attendance for the academic year should contact Financial Services directly at 212-998-9830 for more information.