Lawrence University maintains two short-term loan funds to assist students with emergency money problems. Loans of $25 or less are drawn from the Kiwanis Loan Fund. The Alumni Loan Fund provides for loans larger than $25, up to the maximum of $50. No interest is assessed on loans from either of these funds.
Each loan is due 30 days from the disbursement date. A student may have only one short-term loan per term. Loans will be available after October 15 and will be discontinued for the school year on May 15. Loans granted May 1 through May 15 are all due by May 31.
Loans are charged to the student's account and will be assessed a $15 charge if not paid on time. The charge then becomes subject to normal finance charges of 1 percent per month, and the student will be unable to obtain additional short-term assistance during the 12 months following the due date.
To apply for a short-term loan, please contact the cashier at the Business Office.