Eagle Guide Student Handbook - Coppin State University Homepage
Eagle Guide Student Handbook - Coppin State University Homepage
Eagle Guide Student Handbook - Coppin State University Homepage
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1. If the student is approved for the loan, the Loan Agreement is completed.<br />
2. The student will sign the Loan Agreement.<br />
3. A copy of the Loan Agreement is forwarded to the Division of Institutional Advancement.<br />
4. Checks will be issued within five working days after submission of completed documentation to the<br />
Coordinator for Emergency Loans.<br />
D. Repayment Process<br />
1. Payments on student emergency loans will be received by the Coordinator for Emergency Loans<br />
or a designee.<br />
2. A receipt indicating the current status of the loan account must be issued for each transaction.<br />
3. Funds received will be submitted to the Division of Institutional Advancement on a daily bases as<br />
funds are received.<br />
4. Receipt of funds verification will be provided by the Division of Institutional Advancement for each<br />
transaction.<br />
E. Process for Collecting Loans in Default<br />
1. <strong>Student</strong>s are considered to be in default if the loan has not been repaid by the date specified on the<br />
Loan Agreement and an extension has not been granted.<br />
2. <strong>Student</strong>s in default must be notified within ten (10) days. The notification letter should restate<br />
penalties that are imposed. The student has ten (10) days to respond.<br />
F. Penalties imposed are as follows<br />
1. A hold will be placed on rebate, scholarships or college work study checks.<br />
2. A hold will be placed on transcripts or any official information related to academic history at<br />
<strong>University</strong>.<br />
3. <strong>Student</strong> will not be allowed to graduate, transfer, officially withdraw, or be readmitted to <strong>Coppin</strong>.<br />
4. Failure of student to respond within the deadline period may result in the account being turned over<br />
to a collection agency.<br />
Reporting and Accountability Requirement<br />
The Coordinator for Emergency Loans will submit a written report of outstanding loans to the Division<br />
of Institutional Advancement on a quarterly basis.<br />
1. An account balance is due weekly to the SELF Coordinator by the Division of Institutional<br />
Advancement.<br />
2. The Division of Institutional Advancement shall write all checks and handle all bookkeeping.<br />
3. The Coordinator for Emergency Loans shall maintain all student loan files.<br />
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