Other financial aid

Crisis financial aid is designed to help students through an unexpected, temporary financial emergency, creating an expense for which they could not have planned. As emergency aid, it is not intended to supplement monthly income or form part of a student's budget.

Crisis aid cannot cover tuition and fees, or debts from other University departments (e.g., residence fees, library fines, etc.), nor is it intended to cover on-going monthly living expenses beyond the immediate emergency. It is not designed to support a student more than once during their university attendance. Students must be registered in classes in the term in which they are applying to be considered for crisis aid.

In order to apply for crisis financial aid, please complete this application.

Lines of credit and bank loans are two ways students can borrow money from financial institutions. A student line of credit gives you access to an agreed-upon amount of money that you can withdraw when needed. A bank loan allows you to borrow an agreed-upon amount of money up-front. 

Before taking out a line of credit or bank loan:

• Shop around to find a bank/financial institution that offers the best package for you
• Negotiate with your preferred financial institution to match the best offer from a competitor
• Ask for a detailed explanation of the loan terms to ensure you understand all the details, especially repayment terms
• Talk about the interest rate and options for lowering it