The emergency loan program is intended to assist you with an unexpected, short-term financial emergency. The emergency typically is not related to your financial aid award nor the direct costs associated with attending Northwestern University. Students must be enrolled in the current academic term to receive an emergency loan. Loan Amount: You are entitled to one emergency loan per term with a maximum of $500, depending on your account status with the University. Additional Eligibility Requirements: Typically, you are eligible to receive a second emergency loan in a term (also with a $500 maximum) if all of the following four conditions are met: - Your first emergency loan has been fully repaid. - Your tuition account has a zero balance. - You are still enrolled in a degree-seeking program. - Your academic year consists of at least two terms/disbursement periods. Repayment: Emergency loans must be repaid within 60 days of receiving the funds or by the end of the academic term, whichever is first.