Alfred State College in Alfred, NY Welcome to your Stafford Loan Exit Counseling Session! Exit counseling is required if you are graduating, are no longer in attendance at Alfred State College or have fallen below part-time enrollment. This session will help you understand your rights and responsibilities as a Stafford Student Loan borrower and help you avoid the dangers of student loan default. The average student loan indebtedness at Alfred State College is $12,000.00 for students graduating from a two-year degree program.  Using the maximum interest rate of 8.25 percent the monthly payment would be $147.18 for the standard 10 year repayment period of 120 months. The average indebtedness for students graduating from a four-year degree program is $27,000.00.  Using the maximum interest rate of 8.25 percent the monthly payment would be $331.16 for the standard 10 year repayment period of 120 months. If you are unsure who your lender, servicer or guarantor is you can contact the NYS Higher Education Services Corporation (NYSHESC) at www.hesc.com or call HESC at 1.888.697.4372.  HESC is the guaranty agency for education loans approved in NYS.  Information about your federal student loan history can also be found online with the National Student Loan Data System at www.nslds.ed.gov.  For questions about your Stafford Loan Exit Counseling you can contact the Alfred State College Financial Aid Office at 1-800-4-ALFRED Option 2 or via e-mail at FAO@alfredstate.edu.

Stafford Exit Counseling Session Instructions

Before You Start

• Ensure you meet the browser and system requirements:
  • You must use at least Internet Explorer 6.0 or Mozilla Firefox 1.0. Get a browser now.
  • You can use any Internet service provider (ISP) to connect to the Internet; however, you should access this counseling session using one of the browsers above after you've connected. Do NOT use the ISP's browser, such as AOL or MSN--you won't be able to complete the student form at the end of the session!
  • You must enable JavaScript in your browser.
  
  
• PARENTS: Please don't complete the counseling session on behalf of your son or daughter, as this federal requirement helps the student understand the rights and responsibilities of borrowing a student loan.
  
  
• You will need about 25 minutes to complete this counseling session.
  
  
• You will need the following information:
  • Your Social Security number
  • Your driver's license number
  • Name, address, telephone number, and employer for your next of kin
  • Names, addresses, telephone numbers, and employers for two references residing at different addresses
  
  
• You might need the following information:
  • Name, address, telephone number, and employer for your parent, if applicable
  • Name, address, telephone number, and employer for your spouse, if applicable
  • NOTE: Providing names and information for your spouse, parent, next of kin, and references does not obligate them to assist with repayment of your loan. Regulations require you provide this data so your loan holder can locate you, if, in the future, they have an invalid address or phone number.
  
  
• The student loan calculator in this session will help you calculate your estimated monthly payment. If you aren't sure how much you'll borrow, you can ask your school for the average student loan indebtedness of borrowers at the school or in your program of study at the school.

What to Do

• Read the content and answer the questions.
• Fill out the student information form. Use the comment box for any comments or questions you have for your school.
• Print the confirmation page that appears after you fill out the student information form or note your confirmation number for your records.

NOTE: Generally, the Back and Forward buttons on your browser will not work once you begin the counseling session.  Use the buttons within the counseling to navigate.