BHSU Emergency Loans

Emergency loans are offered through the support of the Black Hills State University Foundation.

Eligibility

Emergency loans are available to currently enrolled students of Black Hills State University.

Students must have a valid source of repayment (i.e. Financial aid, paycheck). Pending income tax returns are not considered a valid source of repayment.

Loan Criteria

  • A $10.00 service charge is deducted from the loan check before disbursement.
  • As long as the loan is paid in full by the due date, interest will not accrue on the loan.
  • The loan period cannot exceed 60 days.
  • Emergency loans may not be used to pay for tuition and fees.
  • The student may, without penalty, prepay all or any part of the balance prior to the due date.

When loans are available

Fall and Spring Semesters
Loans are available as soon as the book store starts to sell textbooks so that students may purchase used books. This is usually about one week before school starts. Emergency loans are only available at the beginning of the semester. 

Summer Session
Loans are available one week prior to the beginning of the summer session the student is enrolled in so that students may purchase used books. Cut off dates for the summer sessions will be discussed at the time of application.

Payment Procedure

  • Most emergency loans are automatically deducted from the student’s financial aid.
  • For students who do not have financial aid, payments can be made at the cashier’s window on the first floor of Woodburn Hall. Students may pay with cash, personal check, money order, or credit card. Credit card (American Express, MasterCard, and Discover) payments may be made by calling the cashier at 605.642.6531.
  • A thirty-dollar ($30.00) late fee will be applied to all overdue accounts.
  • Students who write a non-sufficient funds check or a check on a closed account will not be allowed to pay with another check.
  • All non-sufficient funds/closed account checks will be sent to CheXcel for collection. Students are responsible for all collection costs on non-sufficient funds/account closed checks.
  • If the student withdraws from school, the loan becomes due and payable at once.

Delinquent Accounts

  • Delinquent accounts will be turned over to a collection agency. Once an account is turned over, the students must deal directly with the collection agency to resolve the dispute.
  • If the student defaults on the loan, they are responsible for paying all costs and fees incurred to collect the note.
  • An unpaid loan will result in a hold being placed on the student’s record, which will prevent the student from registering for future classes, obtaining a transcript, or receiving other services related to their course of study until the matter has been resolved.

If a student defaults on a loan, he/she may not be allowed access to the program again.

For more information or to make an appointment call Kanda Guthmiller at 605.642.6335.