Helen & Gordon McKinney Emergency Loan Fund

Purpose

(For Ph.D. students)

The Helen & Gordon McKinney Emergency Loan Fund, created in 2013, provides short-term, low-interest loans to Graduate School Ph.D. students for general expenses such as settling into a new home, purchasing a computer, or addressing unexpected emergencies.

Terms and Conditions

• The maximum loan amount is $1,000.
• The repayment term is up to 12 months (or prior to graduating if applicable) at a 3.5% interest rate. Interest does not begin accruing until the third month of the loan period.
• The loan period begins from the date of disbursement.
• Students must possess the ability to repay the loan while they are enrolled as there is no deferment period.
• Students cannot have more than one loan outstanding at any point in time, and may only request three loans during their academic career.
• Loan availability is subject to loan amount and qualification of borrower. Not all applicants qualify for the loan. Loan approval is dependent on fund availability, successful academic progress, financial aid status, and explanation of need.
• Default in repayment of the McKinney Loan will result in a hold to student’s account. Students will be unable to enroll in courses or receive transcript until the delinquency is paid.