Emergency Loan for Faculty

Purpose: Applicants can request funds for reasonable and necessary expenses that were incurred as a result of an emergency. Examples of expenses include, but are not limited to, the following:

• Emergency temporary housing assistance
• Unexpected medical expenses not covered by insurance
• Unplanned critical travel and transportation costs
• Temporary assistance with food insecurity
• Emergency personal or "incidental" expenses, such as clothing, hygiene items, etc.
• Unplanned or additional child and adult care expenses

Amount of Loan: Up to $1,000

Eligibility: Applicants must be current tenured or probationary faculty members.

Conditions:

• Requests cannot be made for anticipated future expenses.
• Receipt is limited to once every two years.
• The loan must be repaid within 90 days of the date of receipt, unless an extension is provided in writing by the Provost.
• Any delinquent loan will be immediately converted to a payroll deduction, and the outstanding loan amount will be deducted in two installments from the faculty member’s paycheck.
• Future participation in this loan program is conditional on timely repayment of the loan.
• Exceptions to the above must be approved by the Provost.

Application and Selection Process:

To apply for the loan, applicants must:

• Complete and submit the online application found here. Applications may be submitted at any time.
• Provide as much detail as possible when completing the application and attach supporting documentation for the financial need/hardship. The type of documents will vary depending on individual circumstances but should confirm that you have a financial hardship/need AND verify the amount of money you are requesting (e.g., a utility bill or invoice). Sensitive personal information should be redacted or blacked out (e.g., social security numbers, patient IDs, account numbers, etc.) on your supporting documents.
• Include information about the amount of loan needed and how the loan will be repaid within 90 days of receipt.

The Vice Provost for Faculty Success and/or the Director of Academic Resources will review and approve requests from faculty in the order they are received. Applicants will be notified by email of the decision within seven working days of application submission.

Frequently Asked Questions:

Is there an appeal process if my application is denied?

There is not an appeal process for this program. Decisions are final.

Is there a limit on the number of grants someone can receive?

Applicants are limited to one loan once every two years, up to the maximum. Funds are limited to the amount of money available.

Do I need to repay money received from the fund?

Yes. This is a loan program.

Who do I contact for questions?

Please direct all questions to the Vice Provost for Faculty Success.