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News and Events
News
Events

Jan 20 2015

NYIT Selected to Participate in Epicenter’s Pathways to Innovation Program

Jan 13 2015

NYIT Ranks Among 2015 U.S. News Best Online Programs

Dec 23 2014

Architecture and Medical Students Launch Global Competition for Healthy Designs

Dec 18 2014

BBC to Feature Home2(O) Project in News Segment

Dec 12 2014

NYIT Wins Grant to Develop STEM Programs

Sep 05 2015

New Student Residence Hall Move-In

Sep 08 2015

Get Started with Poll Everywhere for Faculty

Sep 08 2015

Fall Classes Begin!

Sep 08 2015

Campus Programming Board’s Welcome Back BBQ!

Sep 10 2015

Meeting with the Provost: Discussion of Reappointment, Tenure, and Promotion Criteria

Loan Limits

Annual and Aggregate Federal Loan Limits 2015 - 2016

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, 2015 but before
October 1, 2015
For loans first disbursed on or after October 1, 2015 but before October 1, 2016
  Origination Fee Interest Rate Origination Fee
Undergraduate Subsidized
Stafford
1.073% 4.29% 1.068%
Undergraduate Unsubsidized Stafford 1.073% 4.29% 1.068%
Graduate Unsubsidized Stafford 1.073% 5.84% 1.068%

Parent PLUS **

4.292% 6.84% 4.272%

Graduate PLUS **

4.292% 6.84% 4.272%
** 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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