Loan Entrance and Exit Requirements

Before a student can borrow under the Federal Stafford Student Loan program, you must complete a requirement known as an "Entrance Interview". This is not the kind of interview that requires you to get dressed up; in fact it is not really an "interview" at all.

The Entrance Interview
An Entrance Interview is really an on-line tool that teaches you about your rights and responsibilities as a student loan borrower. It will contain a few quiz-type questions to ensure that you are understanding these rights and responsibilities. Take your time, read thoroughly and answer the questions carefully. If you answer too many questions incorrectly, you'll have to start all over again.

NYCI uses a website provided by the Federal Direct Student Loan Program to perform the on-line Entrance Interview Process. Your results will be sent to the Financial Aid Office electronically upon your completion of the "interview". We will also provide you with additional student loan information when you apply, and we'll be here to answer your questions at any time before or after you start classes. So, if you are ready to get started, Click on this link to start your "Entrance Interview"

The Exit Interview
An Exit Interview is required whenever a student who received a Federal Stafford Student Loan graduates or otherwise leaves school. It is very important that you complete this process, because it teaches you about your rights and responsibilities as a student loan borrower. It will also give you help and information on how to keep your loan in good standing, even if you are having trouble making the payments.

Of course, the Financial Aid Office staff at NYCI is always available to help with your student loan questions, even after you leave school. If you ever are having trouble making your payments, please call us at the financial aid office. We can help you to work with your loan servicing company to stay out of trouble. We can probably even help you get a "deferment" or "forbearance", which will allow you to stop making payments for a while with no penalty until you get back on your feet. Call us - we're here to help.

The first step in keeping your loan in good standing is to know your rights. The best way to learn your rights is through the Exit Interview process. NYCI uses a website provided by the Federal Direct Student Loan Program to perform the Exit Interview on-line. Your results will be sent to the Financial Aid Office electronically upon your completion of the "interview". So, if you are ready to get started, Click on this link to start your "Exit Interview"

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