Federal Stafford Loans

To make education more affordable, we offer attractive money saving benefits on Stafford Loans. Take a look at all of your options that can add up to hundreds of dollars saved over the life of your loan.

Choose Citibank and save with the following benefits¹:

Low, Fixed Interest Rate
Federal Stafford Loans feature fixed interest rates as low as 6.00%.

Reduce Your Rate, Pay Back Less

Enrollment	Loan Type	Low Fixed Interest Rate	Interest Rate After Loan Benefits from Citibank
Undergraduate	Subsidized	%	%
Undergraduate	Unsubsidized	%	%
Graduate	Subsidized	%	%
Graduate	Unsubsidized	%	%

• When it’s time to pay back your loan(s) you’ll automatically get a 0.50% interest rate reduction.
• Pay your loans using our auto-debit payment program and get an additional 0.25% interest rate reduction.

Zero Payments Your Last Six Months
Save even more. We’ll waive your last six monthly payments when all payments have been made on time -saving you up to 6.00% on your principal loan balance.

1. Apply for financial aid - Fill out the Free Application for Federal Student Aid (FAFSA) form. NYU will use the resulting information to determine federal loan eligibility. Your eligibility for a Federal Stafford Loan will be communicated to you through a financial aid award letter from NYU. The letter will identify the Stafford Loan amount that you can borrow. 2. Complete the Master Promissory Note (MPN). If your Award Letter indicates that you are eligible for a Federal Stafford Loan, you will receive within a few weeks full instructions from the New York State Higher Education Services Corporation (HESC) on how to complete the Master Promissory Note (MPN) process for disbursement of the loan. At that time you can view the instructions and complete the entire electronic MPN process ("e-MPN") on the HESC web site at www.hesc.com. Choose Citibank as your lender and enter lender code 826878. A signed MPN is required only once and remains valid for up to 10 years. The Stafford loan is thus renewed automatically for eligible returning students, and is verified each year by a "Notice of Loan Guarantee and Disclosure Statement" sent to you from HESC. (You must, however, first submit a FAFSA each year before your eligibility can be determined and renewed.) Submit the MPN promptly after you receive the instructions from HESC. Allow at least four weeks prior to your payment deadline to allow ample time for your loan to be processed and approved. It is in your best interest to apply in a timely manner to avoid registration complications. If you do not receive instructions within three weeks following the receipt of your award letter, contact HESC at 1-888-697-4372. Citibank will send your loan funds to the NYU Bursar's Office on the designated disbursement dates before each semester. Additional information about the Stafford loan program can be obtained by calling Citibank toll-free at 800-967-2400. Law students should contact the Law School Financial Aid Office at law.finaid@nyu.edu for more information. MBA students should contact the Stern Financial Aid Office at fin-aid@stern.nyu.edufor more information.