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From a source funded by alumni contributions and the American Medical Association Education and Research Foundation (AMA-ERF), the School is able to offer any matriculated and registered medical or graduate student who is in good academic standing a non need-based, interest-free loan of up to $600 for a maximum period of 60 days. If a student repays loans promptly, there is no limit to the number of times he or she may access this loan. Any Financial Aid received and applied to a students account will repay the Short Term Loan before a refund is requested.
Application is made in the Bursars Office by completing and signing an Emergency Short Term Loan Contract. The next business day, the student may pick up the processed contract with an attached cash voucher to take to the Cashiers Office in Strong Memorial Hospital. Students must present their current ID badge at the cashiers office to collect their loan money (in cash). The Cashiers Office will not guarantee the availability of cash after 4:00 p.m. during the week or on Saturdays.
Students with a past due Short Term Loan balance for more than four weeks are denied access to the fund. Students with substantial past due outstanding balances on their student accounts and students known to have poor credit ratings may be denied use of the fund as well.
Students expecting to graduate in May, will lose access to the Short Term Loan privilege on the March 1st preceding their graduation date.
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