The Mount has an extremely limited amount of funding available to offer short-term, repayable emergency loans to full-time students who are experiencing unforeseen or unplanned circumstances (i.e. costs that you could not have anticipated).
Emergency loans cannot be used to cover any outstanding MSVU tuition &/or fees (including residence fees/charges). Emergency loans are ONLY available in the Fall and Winter terms.
How do I Qualify?
- Students must be currently registered as a full-time student at MSVU
- The maximum loan amount is $300
- Loans must be repaid after 30 days (interest and late fees will apply if payments are late)
- Proof of how you intend to repay your loan through supporting documentation is required
- Students cannot receive an emergency loan if an existing emergency loan is not yet repaid, or if tuition or fees are overdue.
- Students who have left campus at the end of an academic year with an Emergency Loan outstanding will not be eligible for a loan during the following academic year and may face account restrictions, such as holds and a loss of access to your MSVU online accounts.
How do I Apply?
- Since this funding is limited in nature, please ensure only to apply if you have a true, emergent situation that could have not been planned for. If you are requesting an emergency loan due to your student loan coming in past the tuition fee deadline, you will only be considered if you show proof that you have applied for your government student loan before or by August 19th (students should always apply for government student loans at least 4-6 weeks in advance of tuition fee deadlines).
- Email the Financial Aid Coordinator to request an application form.
- Make an appointment with the Financial Aid Coordinator (use the subject line: Emergency Loan). Appointments are mandatory.
If approved, students are issued a cheque typically within 3 business days but is dependent upon university closures and holidays. Please note that we cannot issue on the spot funding. Direct deposit is not available.