Student Emergency Loans - Hansman Fund

Registered students at Knox College are eligible to apply for an Emergency Student Loan. To qualify for an Emergency Student Loan during the summer break, students must be enrolled for the upcoming fall term.

Approval Procedure:

• The student must request an Emergency Student Loan by meeting with the Executive Assistant in the Division of Student Development.
• Only one Emergency Student Loan will be approved for one student at any given time.
• Emergency Student Loans will be limited to two loans per term.
• The maximum loan amount is $300.00.
• If the loan is approved, the student must sign an Emergency Loan Promissory Note, agreeing to the terms for repayment.
• After the loan is approved the Division of Student Development will assist the student in working with the Business Office to secure the loan funding.

Repayment Process:

• A due date for the repayment of the loan will be negotiated between the student and the Division of Student Development.
• Loans will be posted to student accounts and will reduce any refund that a student may have, if any.
• Loan payments may be made through payroll deduction or directly to the Business Office.
• The loan is offered at 0% interest except as provided in these events: in the event of failure to repay the loan by the agreed upon due date, a collection agency may be contracted to aid Knox College in repayment of the delinquency and the student will be responsible for payment of actual and reasonable collection fees not to exceed 33.3333%.