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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

Mar 30 2015

Summer 2015 Registration Begins

Mar 30 2015

Info Session: Minor in Energy Science, Technology and Policy

Mar 30 2015

Teaching International Students: Lunch in Manhattan

Mar 31 2015

Research Boot Camp: Pulverizing Plagiarism

Mar 31 2015

Statistics Plus: Finding Company, Investment & Market Research Data

Loan Limits

Annual and Aggregate Federal Loan Limits 2014 - 2015

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, 2014 but before
October 1, 2014
  For loans first disbursed on or after October 1, 2014 but before October 1, 2015
  Origination Fee Interest Rate   Origination Fee
Undergraduate Subsidized
Stafford
1.072% 4.66%   1.073%
Undergraduate Unsubsidized Stafford 1.072% 4.66%   1.073%
Graduate Unsubsidized Stafford 1.072% 6.21%   1.073%

Parent PLUS **

4.288% 7.21%   4.292%

Graduate PLUS **

4.288% 7.21%   4.292%
** 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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