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Spring 2008 EOP Newsletter
- Anita/Kate-Banquet
- Andrea Rodriguez-Farewell Letter
- Gabriel Marshall-Farewell Letter
- Gary’s Letter
- Spotlights
- Dan’s Financial Aid Letter
- Peer Tutoring
- End of year Celebration
Dan’s Financial Aid Letter
IMPORTANT FINANCIAL INFORMATION FOR GRADUATING SENIORS
Congratulations on finishing up this phase of your education. There are several very important financial matters that you will want to check on before leaving Brockport.
- Make sure you complete an exit interview with the financial aid office if you have taken out any federal student loans while attending SUNY Brockport. This is a federal requirement of all students separating from the college. You can go to www.brockport.edu/finaid for instructions.
- Please make sure that you have a zero balance with the Bursar’s Office. You want to graduate with a clean slate. If the college sends your delinquent account to the Attorney General’s office, it will have severe repercussions on your personal financial life.
- You are obligated to pay back any outstanding student loans you may have. Once you leave school your one time six-month grace period starts for Federal Stafford loans and your nine-month grace period for Federal Perkins and Nursing loans. For your federal loans you have an option called consolidation. Basically, you can combine all of your federal loans into one loan. Your interest rate would become a fixed rate, based on the amounts and current interest rates of the loan selected for consolidation. To complete the consolidation application, go to www.loanconsolidation.ed.gov or call 1-800-848-0979. There are no processing fees or penalties for prepayment. If you have questions, consult with the Direct Loan Service or the financial aid office.
If you fail to repay your loans in a timely manner your account will become delinquent. If you continue to be delinquent you may go into default on your loans. You want to make sure not to default on your student loans. If you default you will be ineligible for further student loans and it will have severe repercussions on your personal credit history. Always work with your loan servicer if you get into financial trouble. Before you leave, make sure you talk with your counselor about the graduate tuition waiver as well as graduate school financial aid options.
