Emergency Loans
Emergency loans are short term loans of up to $250.00 per term. To be eligible to receive an emergency loan students must be in good financial standing, attending at least half time and be formally admitted to the university. Non Degree seeking students are not eligible. Students may only have one emergency loan outstanding at a time and may only obtain one emergency loan each term.
Emergency loan debt becomes part of the student's student account balance and is assessed interest charges accordingly. The interest rate for all outstanding student account balances is 12% APR (1% per month). Emergency loans are due by the end of the term.
Please note that because emergency loans are not considered "institutional charges" they will not be paid automatically by federal financial aid funds. This means that a student may still owe on an emergency loan even if they receive a financial aid refund check after taking out the emergency loan.
Applications for emergency loans are available outside of the Cashier's Office in the Kerr Administration building. Students will need two forms of photo ID to receive emergency loan funds.