A loan from the fund is at the discretion of the adviser after assessing the student’s situation against the following criteria:
- Applicants must be a registered student on a graduating course with the University of Strathclyde
- The loan must be to meet essential expenditure that cannot be deferred until receipt of other income (such as student loan, stipend, wages). The student may be asked to supply supporting evidence showing the need for the loan.
- Emergency loans will not be issued to fund tuition fees/tuition fee arrears, library fines or any other money owed to another area of the University. The student should be advised to discuss a payment plan with the relevant area.
- The student must demonstrate a means of repaying the loan such as wages, student loan, stipend, parental contributions, discretionary fund instalment or discretionary fund award if in the adviser’s view the application will result in an award. The student must be able to supply supporting evidence showing their ability to repay from disposable income.
- A realistic time scale of repaying the loan must be agreed, this should be manageable for the student.
- If you are in the final year of your course you are not eligible to apply for an emergency loan after the course end date regardless of graduation date.
Students are not permitted to owe more than £350 to the Emergency Aid Fund at any one time. In very exceptional circumstances a loan for a higher amount may be considered and authorised by the Support & Development Manager or Funding and Financial Support Manager.
Students can only apply for a loan from the fund once per academic year. In exceptional circumstances where a student wishes to access the fund more than once in an academic year, this can only be authorised by the Support & Development Manager or Funding and Financial Support Manager.
It is important that loans are repaid by the agreed date so that we can continue to assist other students in financial difficulty. You will not be permitted to graduate if you have any outstanding debts to the University.
You may be refused a loan if you have no source of income due.