Emergency Loans

Students who are experiencing financial hardship due to a catastrophic event may qualify for financial aid from the Student Hardship Fund (Office of Financial Aid).

Visit the Student Hardship Fund page to learn about provisions, eligibility, how to apply and more.

Student Hardship Fund

Laney Graduate School emergency loans are available to help students through unexpected financial crises, such as illness, family job loss, and delays in other types of funding.

The maximum loan amount is $1,000. A student who receives an emergency loan must sign a promissory note agreeing to repay the loan within 89 days of issue. Emergency loans are interest free for the 89 day period.

Eligibility

  1. Loan applicant must be a full-time student in a degree program and be enrolled for a minimum of nine credit hours in the semester they wish to apply.
  2. Loan applicant must not have any outstanding debt due to a previous loan from the Laney Graduate School Emergency Loan Fund or due to the University.
  3. Loan applicant must demonstrate financial need of an emergency nature.
  4. Students in special standing are not eligible to receive emergency loans.

Procedure

  • Fill out and submit an Emergency Loan Fund application form on the Laney Connect Hub. (under Funding).
  • Applicants must fill out the application form completely and accurately.
  • The student is required to indicate on the application the means by which the loan will be repaid.
  • New incoming students' applications will go to the Program Administrator first for approval before coming to Laney for final approval. Feel free to alert your program administrator to speed up the process. This does not apply to continuing students.
  • Look out for a follow-up email that will contain a promissory note and direct deposit form. The form should be completed (electronic signatures are fine) and emailed back to renee.webb@emory.edu
  • The student accounts office will complete the payroll process and deposit the funds into the student’s bank account. Requests are usually processed within 2-3 days. If you don’t receive funds within 3-4 business days, please contact studentaccounts@emory.edu

Repayment

Loans must be repaid in full within 89 days of issue.

  • The amount and payment due date of the loan will be posted to the student’s account when the loan is issued.
  • On the day the emergency loan is due to be repaid, this amount will become a current charge and will appear on the student’s bill during the next billing cycle.

Past Due Loans

Past due emergency loans are subject to interest charges. Student borrowers who do not repay loans according to schedule shall be responsible for the payment of any costs associated with the collection of the loan, including attorneys’ fees. Nonpayment can result in the student not being allowed to register, receive a transcript, or graduate.