- Policy Title: Emergency Loans
- Policy Number: ESU-ENM-2011-001A
- Effective: Date not Provided
- Adopted: May 25, 2011
- Last Reviewed: March 13, 2013
- Amended: March 13, 2013
- Related Policies: None
Policy Statement:
The Emergency Loan program provides small short-time loans to students who are recipients of federal and state financial aid.
Emergency loans may not be used for payroll.
Emergency loans are intended to be used by students to purchase books, pay rent or other small expenses and granted in cases in which a student is expected to be given a refund of financial aid.
Students may apply for emergency loans through the Student Enrollment Center.
Decisions on applications for emergency loans will be made by the Student Enrollment Center based upon the student's availability of financial aid.
Once the financial aid is disbursed to the student's account, a refund will be issued based upon the difference between the financial aid and the total charges which includes the emergency loan.
A student may obtain only one emergency loan per semester.
The amount of an emergency loan may not exceed $1,000.00.
Appeal Statement:
Not Specified in Current Policy
Definitions:
Tuition & Fees- includes charges for tuition, general, instructional and transportation fess, on-campus room and board.
Refund - is the difference between the financial aid that is paid on the student's account and the total charges on the account plus the emergency loan.
Cost of Attendance - see Financial Aid Guide for definition or contact the Student Enrollment Center at (800) 378-6732.
Other Relevant Information:
N/A
