Direct unsubsidized loans are available through the Federal Direct Student Loan Program (FDSLP). To qualify, a student must first complete the Free Application for Federal Student Aid (FAFSA) and meet all federal requirements for eligibility. At the end of the FAFSA, you will need to sign the document with a FSA ID ( Federal Student Aid ID) and list the correct School Code (002785) in order for NYU to receive your information. As a law student, you are not required to report parental information on the FAFSA.
After you complete the FAFSA, you will receive a copy of your Student Aid Report (SAR) which will summarize the information you provided on the FAFSA as well as give you your Expected Family Contribution (EFC) number. This information is then used to determine your eligibility for federal student aid.
The steps for completing a FAFSA as well as an instructional video can be found at on the main NYU Financial Aid website.
Finally, be sure to familiarize yourself with all loan terms before borrowing. Interest rates on new loans under the Federal Direct Loan Program are now indexed to the financial markets and may be adjusted each spring for the following award year. Please visit the U.S. Department of Education's website for more information about interest rates on federal student loans (www.studentaid.gov/about/announcements/interest-rate).