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.

Federal Loans

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 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, go to For instructions on completing the application, click 


Parent and Graduate PLUS Loans

Parents and graduate students wishing to borrow a federal loan to cover remaining educational expenses must complete the corresponding PLUS loan application located at To apply, borrowers will need to have a Federal Student Aid (FSA) ID. If the borrower does not already have an established FSA ID, they can apply for one at the website. Please note: parent and graduate PLUS loans carry origination fees that are deducted before funds are sent to the school. To cover the balance, the borrower will need to apply for the amount needed in addition to the origination fee. We have put together a worksheet with instructions to help calculate the amount needed (below):

Please review some frequently asked questions about this loan in order to make an informed decision about additional borrowing. Students are encouraged to work and budget as much as possible in order to reduce indebtedness. 

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.

*As of September 30, 2015, the Perkins Loan program has been discontinued except for students continuing in their current program of study who have received it in the past. Efforts are ongoing to reinstate the program; however, no official approval has yet been made.

Obtaining Federal Student Loans

Federal student loans can be accepted via WebAdvisor, the student self-service system. (A Juilliard login and password is required to access WebAdvisor.) You may wish to wait to request your loans until after bills are generated by the Office of Student Accounts in mid-July. This will help you determine exactly how much you will owe the School. If the full amount is not requested upfront you have until the last day of classes (May 15, 2016) to request the rest of your eligibility. When requesting loans online, keep in mind that all aid is split evenly between the fall and spring semesters. You may request an uneven disbursement but cannot receive more than half of your eligibility for each award for the fall semester. Please contact our office in writing to make this type of request.

In addition to thoroughly reading 

[PDF], we encourage you to review the 

. This document outlines loan programs offered at Juilliard, resources to guide your borrowing and a glossary of loan terms. Comprehensive information about the Federal Direct Loan program can be found at

All Federal Stafford and Graduate PLUS Loan borrowers must complete a Master Promissory Note (MPN) and Entrance Counseling in order to borrow these loans. To access the MPN and online Entrance Counseling session, please go to and log in with the FSA ID you used to sign the FAFSA.

Viewing Your Federal Loan History

The National Student Loan Data System (NSLDS), which summarizes federal loans borrowed from all institutions, can be accessed at Logging in to this site will allow you to view your total loan amounts, interest rates and servicer information. To determine your monthly payments under different repayment plans, use the calculator on the site or visit your servicer's website. If you have questions about repaying your student loans, please review our repayment information page or contact us.

Other Loans

Anna Schoen-Rene Fund for Voice Students

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

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.

Loans for International Students

International students wishing to borrow educational loans must seek them from a private bank or credit union. Most lenders require international students to obtain a co-signer that is a U.S. Citizen or Permanent Resident. Unfortunately, the Office of Financial Aid cannot recommend lenders to students, parents or co-signers. For additional information about private loans, please see the 


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.