Emergency Loan Program

(Not associated with any other financial aid)

The Office of the Dean of Students maintains a fund to assist students who encounter school-related emergency needs. The fund was established by Purdue alumni and friends. Any student enrolled in one or more classes may come to the Office of the Dean of Students and request to borrow up to $400 for 30 days with no interest.

NEW SERVICES (After October 13, 2010)

• Options to receive the funds via check or direct deposit (ACH transfer).
• Online payment.
• Continuing options of payment by cash, check, or money order.

YOU WILL NEED TO:

• Come to Room 207, Schleman Hall, and request an emergency loan.
• See a drop-in counselor for loan approval.
• Show a PUID or other valid picture ID.
• Complete the application process with the emergency loan clerk.
• Provide your driver’s license number or state-issued ID number (if you have one).
• Provide the name, address, and phone number for two references.
• Enter your Social Security Number on a secure financial site.
• Create a password that can be used for a secure financial account.
• eSign a legally binding Promissory Note that outlines the conditions and repayment requirements of the loan.

HOURS OF OPERATION
Loans may be approved weekdays between 8:00 a.m. - 11:30 a.m., and 1:00 p.m. - 4:00 p.m. in the Office of the Dean of Students (SCHL 207).
No loans are given Tuesday mornings. Loans may also be approved on Thursday afternoons in the BCC conference room from 3:00-4:00 p.m.

EMERGENCY LOANS ARE:

• Interest-free as a service for Purdue students;
• For emergency, short-term use;
• For a maximum of $400 for 30 days;
• Available to students who are registered one or more classes at Purdue West Lafayette or State-Wide Technology sites.

REPAYMENT: University Collections Office is open between 8:30 a.m. - noon and 1:00 p.m. - 4:30 p.m.

LATE OR NON-PAYMENT
Students who are granted loans are expected to assume responsibility for prompt repayment. The total amount of money available for loans to all students is limited. Failure to repay loans by the dates due may deprive other students of the use of loan funds.

Failure to repay loans by the due date (30 days) may result in the encumbrance of the student's academic record and the assessment of a late fee and a collection fee.If you cannot repay a loan by the due date, you must contact the University Collections Office using the contact information shown above. (Scroll down or click to view a copy of the Promissory Note for a full explanation of fees and other conditions of an Emergency Loan.)

LOSS OF ELIGIBILITY TO USE LOAN FUNDS
If you do not repay your loan by the due date, a hold will be placed on your academic record until the amount is paid in full, along with any charges for late fees, insufficient funds payments, or collection fees that may be incurred. (Scroll down or click to see a copy of the Promissory Note for a full explanation of fees and other conditions of an Emergency Loan.)

After a second encumbrance for failure to repay your loan by the due date, you will no longer be eligible to use the emergency loan funds.

Holds will prevent you from registering for classes and restrict your ability to conduct other university business.