received this email today
Dear Stern Student,
Congratulations on your admittance to the MBA program at NYU Stern!
If you have submitted the 2010-2011 FAFSA, you will soon receive an email from the Office of Financial Aid confirming your loan eligibility and next steps. Please read the following instructions:
You will first be prompted to log onto NetPartner, where you may view your financial aid information online. You can use NetPartner to accept/reduce your eligible loan amounts and proceed with the next steps.
Per federal regulations, we are obligated to award you a total of $20,500 in Stafford loans for the Spring semester since you have not borrowed in the Fall. Typically, most students borrow only $10,250 in Stafford loan funds per semester.
If you choose to accept the full amount now, you will not receive additional Stafford loans in the Summer '11 semester.
You may reduce your Spring '11 Stafford loans in NetPartner to $10,250 and be eligible for the remaining $10,250 in Summer '11.
You will receive an email early next Spring with steps on how to secure Summer federal loans.
*Please note: You must be registered for at least six credits per semester to be eligible for federal Stafford loans.
Please feel free to contact our office should you have any questions.
Best regards,
Graduate Financial Aid