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Loans

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Detailed information regarding all Federal loans (Stafford, PLUS and Perkins) is available at the Federal Student Aid Web Site.

Current students should visit our department page for additional information and resources.(Please log onto the website in order to access the department page.)

Alumni seeking loan repayment information should click here

A student loan is an investment in your education. However, because loans must be repaid with interest, taking on educational debt is a decision that must be considered carefully. The Juilliard School encourages responsible borrowing and is committed to providing students and parents with the tools and information needed to make the best possible choices. Students may be eligible for the following:

The Federal Direct Stafford Loan: available to U.S. citizens or permanent residents. In this federal program, students may borrow $5,500 to $20,500 per year, depending on class level. Repayment begins after the student ceases at least half-time enrollment. Stafford loans may be either:

Subsidized Stafford Loan: for undergraduate students who demonstrate financial need.  Interest does not accrue while the student is enrolled at least half-time.

Unsubsidized Stafford Loan: for undergraduates with or without financial need, and all graduate students. Interest begins to accumulate upon disbursement of the loan.

The Federal Direct PLUS Loan: available to U.S. citizens or permanent residents. These federal loans range up to full remaining cost of attendance, pending credit approval. To apply, contact the Office of Financial Aid after receiving the financial aid award letter.

Parent PLUS Loan: the parent borrower must be a U.S. Citizen or Permanent Resident.

Graduate PLUS Loan: for graduate students.

The Federal Perkins Loan: available to U.S. citizens or permanent residents with financial need. Undergraduates may borrow up to $5,500 per year, and graduates may borrow up to $8,000 per year. Repayment at 5 percent interest begins six months after student ceases at least half-time enrollment. To be considered for a Perkins loan, you must request it in a separate letter to the Office of Financial Aid after a receiving a Financial Aid award letter. Because funds are limited, students must use their Stafford loan eligibility before requesting a Perkins loan. 

Please note: all Federal loans require completion of entrance counseling prior to the first disbursement, providing comprehensive information on the terms and conditions of the loan, as well as the responsibilties of the borrower. A signed master promissory note is also required, serving as the document outlining the requirements for repayment. Subsequently, loan information will be submitted to the National Student Loan Data System (NSLDS), and will be accessible by guaranty agencies, lenders, and schools determined to be authorized users of the data system.

The Anna Schoen-Rene Fund for Voice Students is a loan program through the Juilliard School. Funding is limited, and priority is given to international students. Loan amounts range from $3,000 - $8,000 per year.  Interest is fixed at 5% and does not accrue while students are enrolled at least half-time. For more information, contact the Office of Financial Aid.  

Alternative Loans, also called private loans, should be the student’s last course of action after any federal loan eligibility is exhausted. These loans usually have variable interest rates and do not offer the same repayment options as federal loans. The Juilliard School does not maintain a preferred lender list and cannot recommend a specific lender. However, we do recommend resources to help students make an educated decision, such as the Student Lending Analytics and Simple Tuition Web sites. Students should contact the Office of Financial Aid before seeking alternative loans to ensure all options have been considered.

Standards of Ethical Business Conduct

The Juilliard School and its employees are not permitted to engage in revenue-sharing arrangements with any lender, nor accept equipment or printing services from loan providers. The Juilliard School and its employees will not steer borrowers to particular lenders or delay loan certification.

The School prohibits employees, and agents of the school from:

  • receiving gifts from a lender, guaranty agency or loan servicer;
  • accepting compensation for any type of consulting arrangement or contract to provide services to or on behalf of a lender relating to education loans; or
  • serving on an advisory board, commission, or group established by lenders or guarantors, except for reimbursement for reasonable expenses.

This statutory prohibition is implemented in 34 CFR 682.212.