Emergency Student Loans are short term loans of up to
$300. Under extreme circumstances, an applicant may
apply for more than $300, but this is only with the approval of
the Interim Director of Enrollment Services.
Criteria for an Emergency Loan:
Applicants must be enrolled during the
same semester in which the loan is being requested.
Applicants must complete the Emergency
Loan Application in full, including a local and
permanent address along with addresses of two persons who will
always know applicant's address.
After the Emergency Loan application is
completed, it must be approved by the
Interim Director of Enrollment Services.
After approval, it normally takes a day and a half to be
processed. On occasion, this process can take
longer as it must be processed by two additional university
A HOLD is immediately placed on
the applicant's records once the Emergency Loan
Application has been approved and will remain until the
loan, and any interest due, has been paid.
On the day the check is to be picked up,
the applicant must first go to the Office of Enrollment
Services, 2400 Meisler Hall, to pick up
a check release. The applicant will take the check
release to the Student Accounting Office to sign the Promissory
Note and pick up the check. Checks will not be
released until after 1 p.m. on the first day available.
Emergency Loans are to be repaid within
30 days to avoid a 1% per month interest penalty.
The loan must be repaid before the end of the semester.
Otherwise, a HOLD will remain on the student's
registration and records.
The loan is paid back at the
Office. No personal checks are accepted.
Payment must be made by cash, cashier's check, money
order, Visa, American Express, MasterCard or Discover
card. Interest owed
must be included. Partial payments
cannot be accepted.
After the loan is paid at the
Office, the receipt is brought to the Enrollment
Services Office and the HOLD on the student's
record will immediately be cleared.
Students may apply for
Emergency Loan per semester.