<p>If your parents can afford to pay the tuition upfront, then you do not need to accept the plus loan and NYU will bill your parents upfront. However, if your parents can afford it in installments or payment plans, etc. I would call the NYU financial aid office and see what they suggest. NYU might have a payment plan option, or your parents can take out the plus loan but they will pay it back shortly as to not acquire too much interest.</p>