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Applying for Financial Aid

To complete the online Free Application for Federal Student Aid (FAFSA) fafsa.ed.gov
The Academy's school code is G26001. You will first need a PIN (www.pin.ed.gov).


If you intend on taking Federal Financial Aid you will need to complete an Entrance Interview and a Master Promissory Note.

Complete the online Loan Entrance Interview- An Entrance Interview is a counseling session which is designed to help you better understand your obligation as a borrower and provides other useful information on the loan process.  The Entrance Interviews are required. Please go to StudentLoans.gov website to complete your Entrance Interview. 

Complete the online Master Promissory Note(s)MPN (there is one promissory note for the Stafford loans and a separate promissory note for Graduate Plus). You can complete the MPN online at the StudentLoans.gov website. The MPN is a legal document in which you promise to repay your loan(s) and any accrued interest and fees to the Department of Education. It also explains the terms and conditions of your loan(s).To complete an MPN online, you will be required to use your Department of Education-issued PIN. If you do not have a PIN, you may request one from the official PIN site. An endorser borrower must also request a PIN number from the PIN site to use when completing a PLUS MPN. 

Please note that all Direct Plus Loan borrowers are subject to a credit check.  Direct Plus Loan borrowers must have an acceptable credit history or an endorser (someone who agrees to repay the loan if you do not pay it) with an acceptable credit history. 

Please email the Office of Financial Aid fa@nyaa.edu in case of any questions.


Loans
Academy students may apply for both Federal Stafford loans (Unsubsidized loans) & Graduate Plus Loans. Our direct lending code is G26001.

Program Amount/Interest How to Apply





Federal Direct Student Loan (Unsubsidized Staffort Loan) Amount: Up to $20,500/year File FAFSA*, complete Master Promissory Note (MPN) and Entrance Loan Counseling

Interest: Fixed, 5.31% for the Loans first disbursed on or after 7/1/16 and before 7/1/17 (1.069% origination fee) on or after 10/1/16 and before 10/1/17

 
 
 
Federal Direct Graduate PLUS Loan Amount: Up to the cost of education less aid received File FAFSA, and student complete PLUS Master Promissory Note, Entrance Loan Counseling and PLUS Loan application

Interest: Fixed, 6.31% for the Loans first disbursed on or after 7/1/16 and before 7/1/17 (4.276% origination fee) on or after 10/1/16 and before 10/1/17
 
 
 


Post 9/11 GI Bill
The New York Academy of Art is a VA approved institution. Eligible military veterans can learn more at the GI Bill website.

To calculate a student's potential non-Yellow Ribbon, Post-9/11 GI benefits, which can be transferred to a veteran's dependent through a transfer of benefits application made to the U.S. Department of Veterans Affairs, please visit the Iraq and Afghanistan Veterans of America website or the VA's Chapter 33 Benefit Calculator.

Questions about veterans' benefits may be directed either to the nearest VA regional benefits office or the Office of Financial Aid.
Click here for a Glossary of College Financial Aid Terms
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