A. The Emergency Student Loan Program is administered through Student Accounting and University      Cashiering Services in the Eagle Student Services Center.

     B. Loan awards will be made available to eligible students on the basis of the order of receipt of their      loan applications.

     C. The maximum loan amounts may not exceed the student’s cost of tuition and fees for attending the      University. Loans for books cannot be made from this loan program.

     D. The interest rate for the Student Emergency Tuition and Fee Loan will be 5 percent annually (annual      percentage rate).

     E. The repayment period on all Emergency Loans will be approximately 30, 60, or 90 days length.      However, no repayment date will be established after the last day of the semester for which the loan      was requested. The actual repayment date will be established by Student Accounting and University      Cashiering Services and the date will be listed on the Student Short Term Loan Promissory Note.

     F. Generally students are expected to repay their loans on the due date. However, in the event a      student is unable to meet his or her total repayment obligation of the loan by the repayment date, the      student will be assessed delinquent payment fees and will be unable to complete the registration      process for another term until the loan is repaid.

     G. Each student must authorize Student Accounting and University Cashiering Services, in the event      that the student becomes delinquent, to:

          1. withdraw the student from the University.

          2. withhold any official academic transcripts until the loan obligation has been brought to a current           status.

          3. refer the student’s loan account to a collection or credit service agency for the purpose of           collecting the loan.

     F. Student Accounting and University Cashiering Services may defer payment of an emergency loan if it      is determined that a student would be deprived of an education due to a lack of financial ability. A loan      may also be forgiven for extreme financial hardship and other instances in which the public interest is      served. Student Accounting and University Cashiering Services will follow the guidelines established by      the Texas Code and Texas Higher Education Coordinating Board when deferring payment or forgiving      a loan.

II. Student Eligibility Criteria :

Each applicant must:

     A. Be enrolled at the University.

     B. Maintain satisfactory academic progress at the University.

     C. Need the Emergency Loan to pay the cost of tuition and fee expenses for enrolling at the University.

     D. Not be currently delinquent on a previous Emergency Student Loan received while attending the      University.

     E. Not have outstanding blocks posted in EIS.