1. Student Payment Options & Student Insurance

2. Emergency Loans The Emergency Tuition and Fees Loan Program is a short-term loan in which students are attesting to financial need and are loaned money to pay 50% down payment toward their Tuition & Fees. Therefore, this loan must be repaid.

3. Processing Period Students may apply for loans until funds are no longer available. Emergency loans are not available before or after the processing period.  Starting July 26, 2007  Ending September 15, 2007 Applications  Applications are available at the Financial Aid Office.

4. Repayment Due Date November 1, 2007  If outstanding balance is not paid in full by due date, a $30.00 late payment fee will be assessed.  If payment is not received by the loan’s due date the debt will be sent to an external collection agency and reported to the credit bureau. The student will be responsible for collection costs plus the loan amount.

5. Qualifications Be at least 18 years of age. Be currently enrolled in at least three (3) credit hours. Not have an outstanding balance owed to STC. Not be in default with any student loans. Provide three (3) references.  Name  Address  Telephone Number Be able to demonstrate ability to repay loan.  Proof of upcoming Financial Aid disbursement.  Employer information.  Other payment source information. (i.e., parents, spouse, etc.).

6. Emergency Loan Process Register for the current semester. Report to the Financial Aid Office to complete an emergency loan application. Report to Cashiers to complete the installment agreement and Pay $30.00 installment processing fee at Cashier’s Office. Note: This step does not complete the loan process. Report back to the Financial Aid Office to complete a promissory note for loan processing. Verify your Account Statement (receipt) to ensure loan award has been applied

7. Enrollment Status Changes If you decide not to attend the college, you must follow admissions withdrawal policies to ensure you are officially dropped from your classes. You must renew your promissory note in the event your enrollment status changed due to an increase in credit hours.  If you anticipate a Financial Aid award to pay off your loan and have made changes to your course load please consult the Financial Aid Office. NOTE: Any outstanding loan amount not covered with Financial Aid must be paid by the due date.  If you do not follow the withdrawal policies, you will remain enrolled and will consequently incur a debt due to STC.  In addition, you must follow any other pertinent steps in updating your account.

8. Payment Arrangements Students may opt to establish payment arrangements to avoid being sent to a collection agency for a past due balance. The arrangements can be established with any cashier by filling out a Student Promissory Note – Payment arrangement form. An initial 50% payment of the outstanding debt total is customarily required to activate the payment arrangement and the remaining balance should be paid in full within a 12 month period. Holds will temporarily be removed from the student account in order to register; however he/she will not be eligible for an Installment Plan or Emergency Loan until the outstanding debt is paid in full. Students that do not comply with the payment arrangement will be referred to a collection agency without prior notification.