In 1995, Hostos Community College requested from the Hostos Community College Student Association Board Members funds to develop an emergency student loan program that would assist its student body. The Board of Directors approved an award in the amount of $10,000.00 to the College. These funds were donated with the condition that our institution administer them as an emergency student loan program. These conditions include and are not limited to the following situation:
It was also agreed upon that funds would notbe used to assist students with outstanding tuition debts nor defaulted loans. Since the inception of the Hostos Student Association donation, over 100 students have benefited from this program. In addition, the Office of Financial Aid has secured over 90% of its original disbursements from loan repayments. As a result of these efforts, it is now a revolving account that continues to provide vital support to our college community.
NOTE: There is NO interest on the Student Association Loan.