EVMS Emergency Loan
Students enrolling in Eastern Virginia Medical School should plan their finances to have funds to support them for the first month of each term in order to allow time for releasing of aid, disbursement to student account and processing of credit balance refunds. Unexpected emergencies do happen. A $500 emergency loan may be available to help cover those emergency expenses until financial aid is released.
An emergency loan carries no fee or interest if paid within 30 days. The amount of the loan is applied to the student's tuition account as a charge. The most common method of repayment is from disbursement of financial aid for the next term.
Students must meet with Office of Financial Aid to complete an emergency loan application. Once approved, the application is delivered to Financial Services for processing. The check and promissory note will be available in Financial Services Office no sooner than 24 hours (business day). Students must go to Financial Services to sign the promissory note and take delivery of the check.
CAUTION: This is loan is an advance on your funding for the term, not additional funding. Using funds early may result in a shortage of funds before the end of the term. Review carefully your program calendar for start dates. Office of Financial Aid posts Disbursement Dates for each academic year to assist you with your financial planning.