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News and Events
News
Events

Oct 29 2014

NYIT Medical Students Deliver Hands-On Care at Health Screening Events

Oct 22 2014

Turkish Art Exhibit Opens at NYIT Gallery 61

Oct 10 2014

TEDx Explores Harmonic Tectonics

Oct 03 2014

NYIT Students Surpass the $1 Million Mark in Combined Earnings from Internships

Sep 24 2014

TEDxNYIT: Creating Harmony in a World Experiencing Tectonic Shifts

Nov 03 2014

Online Workshop for Faculty on Classroom Management

Oct 30 2014

STEAM Job & Internship Fair

Oct 30 2014

Research Boot Camp: FastTrack Database Searching for Management Students

Oct 31 2014

Mini-Retreats for Scholarly Writing

Nov 03 2014

Energy Minor Information Session

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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