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555 S Howes St, Second Floor
Fort Collins, CO 80523-6004
(970) 491-MyHR (6947)

 

Emergency Hardship Loan Fund

...Applications will be accepted beginning June 1, 2014

 

 

Consistent with the Commitment to Campus (C2C) mission, and as part of its commitment to the well-being of members of the CSU community, C2C has developed the Employee Hardship Loan Fund (EHLF) program to lend a helping hand in times of crisis to those employees most in need.

Unexpected emergencies caused by factors beyond an employee’s control often can impose a tremendous financial burden. Many CSU employees are unable to handle the financial impact of a medical emergency, weather-related disaster, or other unexpected need or loss. They may have little or no savings to draw upon, and few if any other resources (such as extended family) to provide assistance in the form of short-term loans, even in modest amounts.

 

 

Purpose

 

An emergency assistance program offering loans with little or no interest is consistent with the CSU mission and its role as a fiscally responsible employer that seeks to improve the lives of its employees and maintain their productivity. EHLF loans will be made available to CSU employees experiencing a financial crisis only when there is a reasonable expectation of repayment. Loans will be limited in amount and frequency, and will be repaid by payroll deduction.

   
 

Employee Eligibility

 
  • Academic Faculty on regular, special or temporary appointments of half-time or greater

  • Administrative Professionals on regular, special, senior teaching or temporary appointments of half-time or greater

  • Post-Doctoral Fellows, Veterinary Interns and Clinical Psychology Interns on appointments of half-time or greater

  • State Classified salaried employees

 

Definition of an Emergency

 

Examples of an emergency need include:

  • Death in the family causing financial difficulties, such as unexpected travel to attend the funeral;

  • Being the victim of a serious crime, especially when it deprives the employee of cash, credit or access to his or her accounts;

  • Urgent medical, dental or other healthcare treatment expenses not covered by insurance;

  • An unforeseen, calamitous event or urgent circumstance that creates a hardship that is not caused by the employee.