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Emergency Loan Program Information

The University of South Carolina recognizes that certain unexpected circumstances may cause a student to need financial assistance on a short term basis in order to meet financial expenses. The purpose of the Emergency Loan Program is to assist students who are experiencing an unanticipated financial challenge so that their academic success at the University of South Carolina is not compromised.

Emergency Loan Details:

  • Loans are granted for unanticipated emergency expenses; documentation is required.
  • Loans are limited to a maximum amount of $500 and interest free.
  • Loans must be repaid within 30-days of disbursement.
  • Loans are not granted when classes are not in session.

Student Eligibility Details:

  • Undergraduate students must be currently enrolled in classes at USC on at least a half-time basis (6 hours). Graduate students must be currently enrolled in classes at USC full-time (9 hours).
  • The student has not received any other emergency loan through USC this semester.
  • The student is not delinquent in the repayment of any previous emergency loan disbursed through USC.
  • The emergency situation impacts the student’s ability to focus on academic progress.
  • The student’s current finances cannot support the emergency situation.
  • The student can demonstrate ability to repay the loan in full by the due date.

Unanticipated Emergency Expense Details:

  • The emergency expense must be unanticipated and interferes with the student’s ability to cover other routine necessary expenses.
  • The emergency loan funds are to be used to cover the cost of the unplanned expense so that other income is available to cover routine expenses.
  • Unanticipated emergency expenses may include such things as auto repairs, lost or stolen items (that are needed for success as a student), medical expenses, etc.
  • Routine educational expenses such as tuition, fees, books, supplies, etc. are typically not considered emergency expenses.
  • Regular living expenses such as rent, car payment, utilities, food, etc. are typically not considered emergency expenses.

Supporting Documentation

  • Emergency expenses must be verified through supporting documentation that shows the need for the loan.
  • Examples of supporting documentation include:
    • Paid receipts or written estimates of automobile repairs;
    • Receipts for (or confirmation of impending) medical treatment;
    • Police report citing theft of personal property
    • Other measures as appropriate to ensure that the need is real.

Emergency Loan Disbursement Process

  • Review the Emergency Loan Program information to determine eligibility.
  • Complete the online Emergency Loan Application and submit for review.
  • Attend an Emergency Loan Consultation with a representative from the Student Success Center. You must provide a government issued ID and valid Carolina Card.
  • If approved, receive emergency loan funds from the Office of the Bursar. You must provide a government issued ID and valid Carolina Card.

Emergency Loan Repayment Details

  • Repayment of the loan is to be made at the Office of the Bursar.
  • Emergency loans are due in full 30-days from the disbursement date.
  • A late fee of $5.00 will be charged on emergency loans not paid by 4:00pm on the 15th day following the due date.
  • Failure to repay the loan within 15 days of the due date will be considered in default and may be referred to a collections agency.
  • Any student who has a default emergency loan will be prevented from registering, graduating, or receiving a transcript until the loan and any associated late fee have been paid in full.

Apply for an Emergency Loan

If you have reviewed all of the Emergency Loan Program information above and would like to begin the application process, please complete and submit the online Emergency Loan Application. Please allow 24-hours for the application to be reviewed by a representative from the Financial Literacy Program. Upon review, we will follow up with you regarding next steps in the loan process.


Emergency Loan Application


For more information, contact:
Student Success Center
803-777-1000 or student.success@sc.edu