- Procedure Title: Emergency Loans
- Policy Number: ESU-ENM-2011-001
- Effective Date: May 22, 2009
- Review Date: March 13, 2013
- Division: Enrollment Management
- Responsible Office: Student Enrollment Center
Procedure Summary:
How to obtain a Emergency Loan based on available student's financial aid.
Process:
- Student inquires about obtaining an emergency loan at the Student Enrollment Center.
- Student Enrollment Center Representative verifies that financial aid funds are available to be used for an emergency loan. These funds are in essence an advance of an anticipated refund.
- If financial aid funds are available, the student completes a promissory note.
- Student Enrollment Center will manually issue a check to the student for the loan value.
- The outstanding loan is then posted to the revenue account under a separate area.
- Emergency loans do appear on the billing statements when printed.
- When financial aid is disbursed, the proceeds will cover the emergency loans or students will be expected to repay the difference.
Forms:
Promissory note for loan available at the Student Enrollment Center.
Related Procedures:
N/A
Other Related Information:
N/A
Contacts:
N/A
