Emergency loans for unemployed single mothers

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emergency loans for unemployed single mothers

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The Emergency loan program is triggered when a natural disaster is designated by the Secretary of Agriculture or a natural disaster or emergency is declared by the ...

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Under the emergency loan program, a maximum of $500 may be borrowed during the term with a service charge of $15. Students can take out a maximum of one emergency loan per term , and a maximum of two emergency loans per academic year .

To qualify for an emergency loan, the applicant must be a current student (taking six or more credit hours in the current term ) with a student account in good standing at the time of the request. Emergency loans are only provided for documented needs (including unexpected medical expenses, shortfall for housing expenses, unexpected childcare expenses, or unexpected transportation expenses). Students may be contacted for additional information or supporting documentation as it relates to their application. A government issued photo ID (such as a driver's license or passport) is required.

All emergency loans are payable on or before the last day of the term, otherwise the loan will be placed in default. A defaulted emergency loan will automatically disqualify the student from receiving any future emergency loan assistance, and will be assessed a $99 late payment fee. Loans for amounts in excess of $100 will not be available for pickup until the following business day.

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