UNIVERSITY OF CONNECTICUT



UNIVERSITY OF CONNECICUT

Center for Academic Programs

368 Fairfield Way U-4170

Storrs, CT 06269-4170

(Phone) 860.486.4040 (Fax) 860.486.4024

IRIS KINNARD EMERGENCY LOAN FUND

PURPOSE

The Iris Kinnard Emergency Loan Fund (IKELF) was established as a short term, stop gap resource to meet Student Support Services (SSS) students’ emergency financial needs that may jeopardize academic progress. First year students have priority status. Purchase of books and course materials are priority uses of the IKELF.

GUIDELINES AND ELIGIBILTY

• Eligible students must be enrolled as undergraduate students at the University of Connecticut and be participating members of the SSS Program.

• Eligible students must demonstrate a financial need for the IKELF loan.

• Eligible students must demonstrate ability to repay the IKELF loan within eight (8) weeks.

All IKELF requests will be reviewed on a first come, first served basis. Financial need will be the main determining factor in fulfilling loan requests. No interest will be charged on the IKELF loan but a $25.00 penalty will be imposed on loans not repaid by the due date. Students who have not repaid the IKELF by due date (nor have made extension arrangements) will be placed in delinquent status. Delinquent status may restrict future enrollment, access to student benefits, and ability to obtain academic transcripts from the University.

The strength of the IKELF is SSS students’ ability to access up to $300.00 quickly through the University’s Bursar’s Office. IKELF success, however, depends on the students’ repayment of the loan within eight (8) weeks, thus making IKELF funds available for ongoing and subsequent emergency needs. When necessary, a request for extension of repayment may be submitted in writing to the IKELF committee prior to the due date. Approval of extension will depend on current status of loan applications and IKELF available resources.

APPLICATION PROCESS

• SSS student meets with staff member to review IKELF guidelines.

• Student and staff member(s) complete designated application sections.

• Application is forward to IKELF committee for approval.

• Student will receive notification of loan status within two working days.

• If approved, student delivers loan application to Bursar’s Office for processing.

REPAYMENT OF IKELF LOAN

Payments on the IKELF loans are made directly to the Bursar’s Office at the University of Connecticut. Payments are made in installments or in full. Write checks to The University of Connecticut IKELF.

IKELF COMMITTEE

The IKELF committee is comprised of Center for Academic Programs staff members from the Storrs and regional campuses. The committee meets in person or by phone as applications are received. Committee members rotate annually. The IKELF committee reviews the loan application annually, makes recommendation for revisions as needed.

UNIVERSITY OF CONNECTICUT

Center for Academic Programs

368 Fairfield Way U-4170, Storrs CT 06269-4170

(Phone) 860.486.4030 (Fax) 860.486.4024

THE IRIS KINNARD EMERGENCY LOAN FUND

SHORT TERM PROMISSORY NOTE

Please type your responses or use legible handwriting, print, sign and date, and either fax or hand directly to a CAP staff member. If faxing, please use a cover sheet.

SSS Student ___________________________________________________________________

Last First M.I.

Local Address ___________________________________________________________________

___________________________________________________________________

Local Phone _________________________Cell #____________________________________

Home Phone _________________________E-mail___________________________________

Home Address ___________________________________________________________________

___________________________________________________________________

Peoplesoft # _________________________ Semester standing___________

Amount requested ________________________

Maximum $300.00

Briefly describe emergency _________________________________________________________

Source of loan repayment (financial aid, parents, job, etc) ____________________________

_____________________________________________________________________________________

To be completed by CAP staff

Student is currently registered for __________ at the __________________ campus.

# credits Storrs/regional

In your opinion, does student have emergency need for IKELF? YES NO

Student has reviewed the guidelines for IKELF. YES NO

______________________________________________ _______________________

Signature of CAP staff Date

To be completed by IKELF Committee

IKELF Committee _____approved _____denied loan

$________ (dollars and 00/100’s).

____________________________________________ _______________________

Signature of Committee Member Date

To be completed by student and CAP staff

I promise to repay to “The University of Connecticut Iris Kinnard Emergency Loan Fund” the amount of $_________________ by ________________________.

Loan amount month/day/year

I understand that if the full amount is not repaid by, or duly extended beyond the specified date, I will be placed in delinquent status which could restrict my future enrollment, student benefits, and the ability to obtain academic transcripts from the University. Further, I agree to pay an additional late penalty charge of $25.00 (twenty five dollars) if my delinquency in repayment is reported to the Bursar’s office for collection.

____________________________________________ ________________

Student’s signature Date

____________________________________________ Loan Number________________

Signature of Program Director/ Date

Original: Bursar’s Office

CC: IKELF Committee

Student

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