Emergency Student Loan
Emergency loans are available to students during the first four weeks of the semester to assist students in purchasing supplies, books, and other items needed to be successful at Otis. The maximum loan amount is $300. In special circumstances, the Dean of Student Affairs will approve an emergency loan after the first four weeks of the term or in an amount greater than $300. To qualify for a loan, a student must place in writing how they intend to repay the loan, whether through working, work study, financial aid refund, and so on. Upon approval, the loan processing time is approximately five to seven business days. Loans are due and payable by the end of the term in which the loan was approved. All outstanding balances on a student’s account must be paid before a student is eligible to register for classes.