Award Overview
- Student Deadline
- Loan applications are processed on an ongoing, continual basis throughout each academic session. Applications need to be submitted to the SGS Financial Aid and Advising Office by 2 pm in order to be evaluated. A decision will be released within two business days upon receipt of the complete application by SGS.
- Application Dates
- Fall / Winter / Summer
- Value & Duration
- The average loan is approximately $1,000 to $1,500, but may be requested and approved for a larger amount depending on the value of the expected funds, the current outstanding balance on the student's fees account, and any relevant circumstances. The loan amount is charged to your fees account but will remain interest-free until the agreed upon repayment date. The repayment date is normally no more than four months (120 days) from the date of issue. Any outstanding balance on ACORN will prevent students from registering for the fall session, accordingly. Loan repayment dates (due date) will not be dated past Aug 31.
- Level of Study
- Doctoral, Master’s, Professional Master’s
- Required Legal Status
- Domestic / International
Purpose
The SGS Emergency Loan alleviates temporary cash flow problems for students who are expecting the release of funds in the near future (i.e., from 30 to 120 days) from a major award instalment (internal or external), OSAP (Ontario Students’ Assistance Program), teaching assistantship, research assistantship payment or other university fund source. Students will be asked to acknowledge and agree that the amount loaned to them is for the purpose of providing funds to assist in paying and/or maintenance of expenses while attending the University of Toronto, School of Graduate Studies.
Eligibility
Students must be registered in the academic session for which the funding is provided, not have a current outstanding loan, and be able to show documentation verifying the expected release of funds and the ability for repayment given their other expenses. Students who have defaulted on previous SGS loans are ineligible.
Application Process
Obtain the SGS Emergency Loan application and complete it electronically and email it to the SGS Financial Aid and Advising Office (OISE students should submit the application to OISE Student Services) along with the documentation verifying the availability of funds expected to repay the loan. The application form also serves as the loan agreement and payment activation form.
Additional Info
Notification of Results
You will be notified of your loan’s status within two business days upon receipt of the completed application by SGS. If approved, the funds will be transferred via ACORN directly to your Canadian bank account within 48 hours of approval. Please ensure the direct deposit information is provided and active on your ACORN account. See how to set up direct deposit on ACORN.