Several years ago, some concerned and generous friends of Angelina College realized that students often had financial emergencies or crises that caused them to withdraw from school. These concerned friends began making contributions to a loan fund that was originally called the Rainbow Fund and later became known as the HELP Loan Fund.
HELP Loans do not exceed $200 and should be considered only when an emergency threatens continued class attendance.
(Rent, utilities and car payments
occur on a monthly basis. They do NOT qualify as emergencies.)
These loans are interest-free but must be repaid by the close of the semester in which the loan is made.
Applications for these loans are made in the Special Student Support Services Department, Room C200.
HELP Loans are usually made before Pell Grant balances are available to students; repayment is usually made by deducting the loans from Pell or scholarship balances due a student.
Some typical crises that might warrant a HELP Loan are:
Car repairs for students with no other transportation. Ordinarily, students will be asked to supply a written estimate of the cost and contribute some of the cost themselves.
Food. A small loan may buy food for a parent and children for a few days until a paycheck comes in.
Supplies not available in the book store. If classes require supplies that the bookstore does not stock, students cannot charge supplies directly to their Pell grant. A small loan can buy these supplies, which are valid student expenses.
Inoculations required for health careers majors.
TASP test fees.
Other valid emergencies.
You must be enrolled as a student.
If possible, get an estimate of the cost of the repair or supplies and take your estimate to Mrs. Bowser in Room C200.
Complete a loan application.
Allow three to four days for the check to be processed.
Go the Business Office to pick up your check. Take picture ID with you.
Make sure that your loan is repaid--either from your Pell grant or from your own pocket.
| Remember that HELP Loans are available only because loans are re- paid. Every time a student does not repay, the fund grows smaller for the next semester. |
Angelina College and students who benefit from the loan fund owe thanks to the following generous friends of the college:
Ward and Anna Belle Burke
Mrs. Virginia Nelson
Mr. and Mrs. William J. Oates
Barbara Smith
Marilyn Ruth Burke
The Temple Foundation