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Financial Aid

Prospective Military Students and/or Dependents

The following websites contain information on resources, aid options, default rates, graduation rates and provide comparative school costs so that prospective students can make informed decisions about where to attend school.

1. The College Scorecard which is a planning tool and resource to assist prospective students and their families as they evaluate options in selecting a school is located at:
http://collegecost.ed.gov/scorecard

2. The College Navigator is a consumer tool that provides school information to include tuition and fees, retention and graduation rates, use of financial aid, student loan default rates and features a cost calculator and school comparison tool. The College Navigator is located at:
http://nces.ed.gov/collegenavigator

3. The Financial Aid Shopping Sheet is a model aid award letter designed to simplify the information that prospective students receive about costs and financial aid so they can easily compare institutions and make informed decisions about where to attend school. The Shopping Sheet can be accessed at:
http://www2.ed.gov/policy/highered/guid/aid-offer/index.html

4. The 'Paying for College' website can be used by prospective students to enter the names of up to three schools and receive detailed financial information on each one and to enter actual financial aid award information. The tool can be accessed at: http://consumerfinance.gov/paying-for-college.

5. www.newpaltz/financialaid Our college's financial aid office website details how to apply for all types of aid including Title IV.

 

PRIVATE LOANS
Service members and non-service members alike may first want to contact any financial aid advisor staff before considering private loan aid so they have a clear understanding of all other available financial aid (State and Federal Title IV). Loans have to be repaid and private loans generally cost more in the long run and do not offer forgiveness options, etc. See www.newpaltz.edu/financialaid/altfunding.html

The institution's CDR (Cohost Default Rate) percent of student borrowers and comparison to national averages is available on the Shopping Sheet after filing the FAFSA and on the Federal College Navigator website: http://nces.ed.gov/collegenavigator.

FEDERAL STUDENT LOANS
All students have the ability to refuse all or borrow less than the maximum student loan amounts allowed or offered. See our student loan information link for detailed information at:
www.newpaltz.edu/financialaid/loans.html