Why do I have to complete an Entrance interview?
The Office of the Student Loan Coordinator provides the entrance interview or counseling session (required by federal law) when you first take out a loan at SUNY New Paltz. The entrance interview is designed to inform you of your rights and responsibilities involved in borrowing your student loans, and prevent you from defaulting on your student loan.
When you receive a Stafford loan, you are required to complete an entrance interview as a first time borrower at this college. Even though you may have completed an entrance interview at another school, you must do another if this is your first loan at SUNY New Paltz.
Completion of your entrance interview is a federal requirement and is crucial to your receipt of your Stafford Loan. Completion of the entrance interview is required before you receive your student loan.
How do I receive my Stafford Loan?
- The Financial Aid Office determines your award package, based on the
information you provided on your FAFSA (Free Application for Federal
Student Aid).
- You will receive two copies of an award letter from the Office of
Financial Aid. Complete one copy, noting which forms of aid you will
accept or decline. Return this letter to the Office of Financial Aid
immediately. Keep the other copy for your records.
- You must complete an Entrance Interview at this Web site.
- If you are required to complete a Master Promissory Note (MPN),
you will receive a paper MPN from HESC (New York State Higher Education
Services Corporation). When you receive the paper MPN, you will be given
a choice to complete the paper version according to the directions enclosed,
or to save time you can complete the electronic MPN online according
to the directions you will receive by mail. You can check your loan
approval at www.hesc.com once you have completed this process.
- Your loan money will arrive at Student Accounts at the beginning of
the semester, or shortly after HESC receives your MPN by mail or online.
- Most lenders send your funds electronically to the SUNY New Paltz
Office of Student Accounts. Funds are applied to your account. Any extra
loan money will be refunded to you. If you live on campus, Student Accounts
will call you to pick up your check. If you live off campus, your check
will be mailed to you.
- You can complete your entrance interview online by thoroughly reading the following screens, correctly responding to questions, and finally, by downloading the "Stafford Loan Entrance Interview Form," signing it, and sending it to our office in HAB 302.
Start Your Entrance Interview Now!
Why do I have to complete an Exit interview?
If you will graduate, drop to less than six credits, transfer to another school, withdraw from school, take a semester off, or take a leave of absence, you are required by federal law to complete an exit interview. You can complete your exit interview online by thoroughly reading the following screens, correctly responding to questions, and finally, by downloading the "Student Information Verification" sheet, filling it out completely, and sending it to our office in HAB 302.
Start Your Exit Interview Now!
If you have questions, please contact our office by telephone at (845) 257-3198,
or by
e-mail at: oslc@newpaltz.edu.
