Financial Aid Emergency Student Loan Advance
512.01 Financial Aid Emergency Student Loan Advance
- Short-term emergency loans may be made to students who are receiving financial aid, if approved by the Chief Financial Assistance Officer. The student's account must be paid in full by the end of the semester in which the loan was issued. Loans will be made in accordance with rules established by administrative procedure. Exceptions to the procedure rules may be granted if approved by the President.
- The maximum loan that a full-time student may receive will be $1,000 per semester (excluding book loans). The maximum loan that a part-time student may receive will be $500 per semester (excluding book loans).
- The President will report on the number of delinquent loans to the Board of Trustees on an annual basis.
Revised:
- 01-14-1980
- 04-28-1997
- 01-26-1998
- 12-15-2003
- 06-28-2004
- 12-19-2005
- 10-24-2011
- 03-28-2016
Cabinet Reviewed: