Emergency Loan Information Purpose - The emergency loan program is designed to assist students who find themselves faced with unexpected financial emergencies that affect their ability to function as a student.- The emergency loan program is carried out as a partnership between the Student Accounts Office and the deans of the various schools. Eligibility Hamline Students who meet the following criteria:- Enrolled in a licensure or degree-seeking program at Hamline University.- Registered for the current term and the term in which the loan is due, if applicable.- Demonstrated need for an emergency loan.- No past-due balance on their student account.- No outstanding payments due on an installment plan. (Emergency loans will not be granted for students to make payments toward their installment plan.)- No outstanding emergency loan greater than $500. Guidelines - Employees of Hamline University are not eligible for an emergency loan.- No emergency loans will be issued to pay Hamline University sponsored program deposits.- Students can apply for up to $500 at a time.-The cumulative loan amount per academic year is $1000. (Can not have more then a cumulative amount of $1000 due June 1 through May 31) -No emergency loans will be issued more than ten days before the start of the term. Application Process - Emergency Loan applications are obtained through the dean's office of the student's school or can be downloaded in PDF format.- The student must obtain the appropriate signature from the dean's office and bring the application to the Student Administrative Services Office for final approval.- A representative from the Student Accounts office will notify the student within twenty-four hours if the application has been approved or denied.- Upon approval, the funds are available at the Cashier's window. Students will be required to show a picture ID to receive the cash loan funds. Where to get an Application Applications can be downloaded in PDF format. Please print, complete, and bring to your dean for approval.Emergency Loan ApplicationApplications can also be picked up at the Dean's office of the student's school:College of Liberal ArtsDean of Students OfficeWest Hall, Suite 106651-523-2421School of EducationDean's OfficeBush Memorial Library, Room 201651-523-2600School of BusinessDean's OfficeEast Hall, Room 229E651-523-2284 Repayment - The loan will be charged directly to the student's account.- The loan must be repaid within sixty days, three weeks prior to the student's graduation date, or by the end of the academic year (May 31), whichever comes first.- Financial Aid credited to a student's account will first repay all tuition and fees and then repay an outstanding emergency loan, even if the loan is not yet due.- If the loan is not paid by the due date, the student will be on hold for registration, grades, transcripts, clearance for the bar, and diplomas.- When repaying, the student must indicate to the cashier that the payment is to be applied to the emergency loan.- If necessary, Hamline University will institute all necessary collection procedures to collect on a past due loan, and the student will be responsible and charged for all collection costs, including attorney's fees.- If a student leaves Hamline University and has an emergency loan that is not yet due, the loan will be accelerated and due immediately.- Interest will accrue at a rate of .67 percent per month (8 percent APR) on any past due loan.