What is an emergency loan?
The IU Southeast Emergency Loan Program assists students on an interim basis in meeting short-term, educationally-related expenses through a quick and convenient method of obtaining funds.
Where does the money come from?
Emergency loan monies have been made available to IU Southeast through the generosity of alumni and friends of the University.
Application procedure
- The prospective student borrower should obtain an emergency loan application at Student Central (University Center South, Room 103), or by requesting the form online at sesc@iu.edu. Include your University ID number on the email request.
- Upon completion of the application, the student will discuss the loan request with the Student Central manager. If the loan is authorized, the funds can normally be obtained in two (2) business days to the student’s direct deposit account.
- Students in need of long-term financial assistance should discuss options with a Student Central representative.
Rules and regulations
- Emergency loans will be made to students currently enrolled in six (6) or more credit hours and who are in “good standing” with the University.
- Students may borrow funds for any educationally-related expense determined reasonable by the Student Central manager.
- Emergency loans may NOT be used to pay for tuition and fees.
- The student should be able to demonstrate ability to repay the loan within the prescribed period of time.
- All loans will be due within thirty (30) days from the date the loan is issued. Loans not repaid by the due date will be considered delinquent.
- At the time a loan becomes delinquent, transcripts will be withheld, and future enrollment will not be allowed until full payment has been received.
- A delinquent emergency loan may affect the borrower’s credit rating and future ability to borrow.
- A student may, at their discretion and without penalty, repay all or any part of the loan before the established due date.
- Emergency loans will be available to students one week after the beginning of classes each semester.
- All emergency loans will be due no later than one week before the last day of classes of the semester in which the loan is issued.
- Additional loans may be obtained ONLY when previous loans have been repaid by the due date. A student may obtain only one emergency loan during a single semester.
Note: When a borrower does not repay loans, needy students may be unable to obtain loans because of lack of funds. Please be responsible with the use and repayment of Emergency Loans.
If you have any questions regarding the Emergency Loan or how the process works, please call (812) 941-2100 and a Student Central representative will be able to assist you.