The Student Lending Accountability, Transparency and Enforcement Act (SLATE) became law on May 29, 2007, with the approval of the NY State Governor. This act was passed to amend the education law, in relation to protecting students and parents from being steered by lenders and institutions of higher learning into student loans laden with conflicts of interest; and to amend the state finance law, in relation to establishing the student lending education account.
In compliance with SLATE, SUNY Adirondack chooses not recommend lenders to students. Students and families are encouraged to select the lender of their choice when pursuing private loans. Once you apply for a loan, the Financial Aid Office will certify your eligibility with your selected lender. Keep in mind private loans must be certified to disburse in two equal installments for each semester in which you borrow.