Emergency Loans

The purpose of the Graduate School Emergency Loan Fund is to help students through unexpected financial crises, such as illness, family job loss, and delays in other types of funding.

The maximum loan amount is $1,000. All students who receive an emergency loan must sign a promissory note agreeing to repay the loan within 90 days of issue (120 days under certain circumstances). Emergency loans are interest free for the 90-day period.

To qualify for an emergency loan you must:

be a full-time student in a degree program or authorized course of study and be enrolled for a minimum of four credit hours;
not have any outstanding debt due to a previous loan from the Graduate School Emergency Loan Fund;
demonstrate financial need of an emergency nature.

In most cases, students in Special Standing are not eligible to receive emergency loans.

Procedure:

Complete the Emergency Loan application and submit it to the graduate school. All students are required to indicate on the application the means by which the loan will be repaid.
All loans must be approved by the graduate school. Requests for loans will be processed in a timely fashion.
After the loan request is approved, you must sign a promissory note and deliver it to the Office of Student Financial Services, 101 Boisfeuillet Jones Center.
Usually you can pick up the loan check within 48 hours of delivering the promissory note to the Office of Student Financial Services.
Loans must be repaid in full within 90 days of issue. The amount and payment due date of the loan will be posted to your account when the loan is issued. On the day the emergency loan is due to be repaid, this amount will become a current charge and will appear on your bill during the next billing cycle.
Past due emergency loans are subject to interest charges. Student borrowers who do not repay loans according to schedule shall be responsible for the payment of any costs associated with the collection of the loan, including attorneys’ fees.

Nonpayment can result in not being allowed to register, receive a transcript, or graduate.

Emergency Loan applications are also available in the Graduate School office on the second floor of the Administration Building, Room 209.