Emergency loans provide a temporary financial bridge for students who have exhausted other financial means and whose ability to be successful at Madison College is in jeopardy. These loans are secured against the studentâ€™s impending financial aid award for the current academic term.
Emergency loans may be available to assist continuing Madison College students meet small emergencies, to a maximum of $300. Loans are interest free and are generally payable by the tuition deadline for the academic term in which they are assumed. Failure to repay may result in debt collection. Outstanding loan amounts will be deducted from a studentâ€™s financial aid award prior to disbursement of any balance.
To be eligible, the student must:
For Emergency Loans, begin the application process by meeting with a counselor to discuss specific situations and possible referrals to alternative resources. To make an appointment, call the Student Development Center at (608) 246-6076 or the Financial Aid Office at (608) 246-6170.