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Gilland
Criteria
In order to be eligible for the John D. Gilland
emergency loan you must meet the following
criteria. Please review this list.
CRITERIA FOR THE JOHN D. GILLAND EMERGENCY
LOAN
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The
applicant must be a resident of Horry County.
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The
applicant must be attending the Conway or Grand Strand campus.
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The
student must be enrolled in a degree, diploma, or certificate program.
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A
student is eligible for only one (1) loan per academic year.
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The
maximum loan amount to an eligible student is $200 there is a $10 processing
fee added to the amount loanded that the student must repay.
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No
loan will be issued to a student who is on academic probation.
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No
loan will be issued to a first semester student who does not have pending financial aid to pay back the loan
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No
loan will be extended if there is an outstanding, balance owed to the loan
fund
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All
grades, certificates, diplomas, degrees, and recommendations will be
withheld until the balance due is paid. A student will not be
able to register for the next semester if there is an outstanding loan balance.
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A
loan recipient must sign a legally binding promissory note for payment Of
the principal by the midpoint of the semester for which
the loan is given. The due date is stated on the promissory of the loan
application.
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A
student who elects to leave school before the end of the semester is still
responsible for the amount of money borrowed. Any
refund that the student is eligible to receive will first be applied toward the
loan amount owed. If the loan amount owed is satisfied, any remaining
reffind then will be issued to the student.
If
you meet all the criteria~ you must complete the application form and write a
letter stating the following:
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Amount
of loan requested
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How
loan will be repaid
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Why
the money is needed
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Sign
your name and date
If
you are requesting this emergency loan to purchase textbooks, please go to
the bookstore
before filling out the loan application form to get an estimate of the cost of your texts.
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