VETERINARY EMERGENCY LOAN INFORMATION

The Veterinary Emergency Loan Fund is a nonprofit emergency loan fund for students in the Professional Veterinary Medical (PVM) program in the College of Veterinary Medicine and Biomedical Sciences (CVMBS). Applicants for a loan must be enrolled in the PVM program and complete forms as specified below.

1. Applicants for a loan must complete all appropriate paperwork. Forms are available online via the CVMBS website.
2. A cosigner is required and will contractually bear responsibility for the loan amount should the borrower fail to pay back the funds. The cosigner may not be a spouse nor be a borrower/cosigner on any other outstanding loan from the Emergency Loan Fund. Cosigners themselves will not be able to take out a loan until the cosigned borrower's loan is repaid.
3. The maximum amount that may be borrowed is $1000.
4. The signatures of one of the following faculty board members is required on the application:

• Dr. Sherry Stewart, Dean's Office, Anatomy, (970) 491-7052, sherry.stewart@colostate.edu
• Dr. Paul Morley, Environmental Health, (970) 491-7332, Paul.Morley@colostate.edu
• Dr. Patricia Schultheiss, Pathology, (970) 491-7376, Patricia.Schultheiss@colostate.edu
• Dr. Anna Fails, Biomedical Sciences, (970) 491-3449, afails@colostate.edu
• Dr. Randall Basaraba, Pathology, (970) 491-3313, basaraba@colostate.edu
• Dr. Michael Lappin, Clinical Sciences, VTH, (970) 221-4535, mlappin@colostate.edu
• Dr. Cynthia Powell, Clinical Sciences, VTH, (970) 491-1259, ceep@colostate.edu
• Dr. William Dernell, Clinical Sciences, VTH, (970) 491-0336, wdernell@colostate.edu
• Dr. Dean Hendrickson, Clinical Sciences, VTH, (970)491-0369, Dean.Hendrickson@colostate.edu
• Dr. Robert Callan, Clinical Sciences, VTH, (970) 491-0323, rcallan@colostate.edu

5. Both the borrower and cosigner signatures must be notarized.
6. Repayment of the entire loan balance is due 90 days from the date of loan issue. Under extreme circumstances, the loan due date may be extended up to 90 days, following completion of additional paperwork available online via the CVMBS website at least 15 days prior to the due date of the loan. All loan payments should be delivered to Jo Campbell in the Dean's Office.
7. Second semester seniors may be eligible for an emergency loan, but the following special terms will apply:

• Repayment of the entire loan balance is due 45 days from the date of loan issue and the loan due date will not be extended. Loans will not be issued after April 1^st.
• Failure to repay a loan will result in the withholding of the letter of good standing issued by the Dean, until the entire balance of the loan is paid.

8. If the borrower is dismissed from school for academic or disciplinary reasons or takes a leave of absence from the PVM program, this note will become due immediately.
9. If the note is given to an agent for collection, the borrower and cosigner jointly and separately agree to pay any and all amounts to cover collection costs.
10. Delinquency will result in compounding interest charged monthly on the remaining balance at an annual rate of 18% beginning from the due date of the loan until the balance is paid in full. Delinquent borrowers will be considered in bad standing with the SCAVMA (the letter of good standing issued by the Dean in the senior year will not be issued until the loan is paid) and shall not enjoy any of the benefits this organizations offers it members such as student book discounts, support to attend symposiums, AVMA health insurance and AVMA liability insurance upon graduation. Borrowers should also be aware that delinquency may affect one's credit rating for a seven-year period. These same standards apply to the cosigner, if he/she is a SCAVMA member.

NOTE: PLEASE OPEN THE LOAN APPLICATION AND LOAN EXTENSION IN INTERNET EXPLORER!

SCAVMA Emergency Loan Application

Application for Loan Extension

If you have any questions or problems regarding the above forms,
please contact Gordon Vergason gordonvergason@comcast.net, SCAVMA Treasurer