Emergency Loan

What is an Emergency Loan?

An Emergency Loan is a short term loan from the Business Office to aid in paying tuition and/or books.  The loan is due within the same term/semester.  Emergency Loans are issued on a first-come first-served basis and funds are limited.  Emergency Loans will be issued until funds are exhausted.  There are two types of Emergency Loans, one for tuition and one for books.  Emergency Tuition Loans are applied to the student's Business Office account to pay toward the eligible tuition and fees.  If a student increases or decreases the number of hours enrolled, the Emergency Tuition Loan will adjust accordingly.  Emergency Book Loans are to aid students in the purchase of text books.  The maximum amount per term/semester is $300.  Once a student is approved for a book loan a file is sent to the University Bookstore to be loaded into their system.  Student normally can purchase their books by 10 am the next business day after the Book Loan is approved.    A student may purchase their books online or in person from the University Bookstore when utilizing an Emergency Book Loan.  The unused portion of the book loan will be applied back to the student's Business Office account after the census day has past.  This will reduce the balance owed, and if it creates a credit balance on the account, it will be refunded to the student.  There is a $25 non-refundable processing fee for each loan.  Each loan that is not paid in full by the due date will be assessed a $25 late fee and a hold will be placed on the students account.  If financial aid is received prior to the due date of the loan(s) it will be applied to any balance prior to being refunded to the student, even if the due date has not yet past.  Emergency Loans are not available for the Short Terms.

What fees can an Emergency Tuition Loan cover?

An Emergency Tuition Loan can be used to pay Tuition, Mandatory Fees, Course Specific Fees and Orientation Fees.

When will the Business Office begin accepting Emergency Loans applications?

Emergency Loans are available before the payment due date for tuition. Refer to Important Dates - Emergency Loans and choose the term/semester to review the dates of availability.

How do I apply for an Emergency Tuition Loan?

To apply for an Emergency Tuition Loan a student must have a Master Promissory Note on file with the Business Office, which can be found under Downloadable Forms. This form must be submitted to the Business Office in person, by mail or by fax. If a Master Promissory Note is on file, a student will have the ability to request the Tuition Loan through SAIL by going to the Bill/Payment Suite, clicking on the Payment Plans Tab, choose the Emergency Tuition Loan for the appropriate semester from the drop down menu and follow the instructions. At the time of sign-up a student can set up the payment to automatically process on the due date. Payments that are not received in full on or before the due date will be assessed a $25 late fee per loan and holds will be placed on the account. Students who have never borrowed from this program will have to apply in person at the Business Office located in the Students Services Center.

How do I apply for an Emergency Book Loan?

To apply for an Emergency Book Loan a student must have a Master Promissory Note on file and must complete an Emergency Book Loan Application Form and turn it into the Business Office each semester. The forms can be found at the Business Office or online under Downloadable Forms.

When are the emergency loans due?

Refer to Important Dates - Emergency Loans and choose the semester to see the due date. If a student has already enrolled for the Emergency Tuition Loan, the due date, including the balance, can also be found on SAIL in the Bill/Payment Suite under the Payment Plans Tab. Book Loans are not available for online sign-up but the due date is the same as the Tuition Loan. Emergency Loans that are not paid in full on or before the due date will be assessed a $25 late fee per loan and holds will be placed on the student accounts. If a student receives any type of financial assistance prior to the due date, it will be applied to the emergency loan even if it is not due at that time. The Business Office will not issue a refund unless there is a credit balance on the student's account.

Why or how can I be denied an Emergency Loan?

A student is not eligible for an emergency loan if one or more of the following exists:

    • has a balanced owed from a prior term
    • has a balance of $100 or less for the current semester
    • has had 3 checks returned unpaid to the university for any reason
    • has been sent to a collection agency
    • is not in good standing with the University

I have added/dropped a class(es) and I signed up for an Emergency Tuition Loan. Will my Emergency Tuition Loan be automatically adjusted?

If a student has signed up for an Emergency Tuition Loan using the Bill/Payment Suite in SAIL and adds or drops classes, the emergency tuition loan will be recalculated and adjusted accordingly to the increase or in the case of a decrease in tuition and fees: the credit will be applied to the balance of the loan. The Bill/Payment Suite will send the student an email notification of the changes to the student’s University issued email address. Should a student not want the Emergency Tuition Loan to cover an added course, the student must contact the Business Office prior to the addition of the course, and the payment will be required immediately following the addition of the course(s).

If my financial aid is received in the Business Office before the due date of my Emergency Loan, am I required to pay the balance?

A student who has enrolled in an Emergency Loan and has financial aid come in prior to the due date, the financial aid will be applied to any balance owed, even if it is not due, unless it is a future semester with a future due date. The Business Office will not issue a refund unless there is a credit balance on the student’s account.

How do I sign up for payment due date reminders for an Emergency Tuition Loan?

A payment reminder will automatically be sent five (5) days before the Emergency Tuition Loan is due.  If a student has signed up for the payment to automatically be processed on the due date, a payment reminder will not be sent, a schedule payment reminder will be sent instead three (3) days before the payment is due.  The notices will be sent to the student’s University email address.

How do I schedule my payment to process on the due date if I did not do it at the time I signed up for the Emergency Tuition Loan? 

At the time a student signs up for an Installment Plan, the student can set up for the payments to automatically process on the due date.  If the student did not set up scheduled payments at the time of sign-up it is not too late.  To set them up follow these steps in the Bill/Payment Suite:

    1. Click on the Payments Tab – On the page there will be a section titled Payment Plan Installments
    2. Click on the Schedule button next to Emergency Tuition Loan line item
    3. Change the date to the date the Emergency Tuition Loan is due and follow the instructions for setting up the payment method

Once it is complete the scheduled payment will show up in the Schedule Payment section of the Payments Tab page.  If a payment is scheduled to process after the payment due date, late fees will still be assessed to the student’s account.