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What are Student Emergency and Russell Hudson Loans?

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What are Student Emergency and Russell Hudson Loans?

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Since 1969, the Student Loan Fund has provided low interest, short-term loans to HCC students. Originally established by Senator William S. James as the Harford Educational Foundation, the Student Loan Fund (SEL) is now part of the Harford Community College Foundation, Inc. Within the Student Loan Fund, a separate endowment is maintained to assist out-of-county and in-county students enrolling in noncredit courses. The Russell Hudson, Jr. Memorial Student Loan Fund was established through a bequest from the estate of Wanda I. Hudson for these purposes. The maximum amount of the SEL, which is for in-county students who are enrolled in credit courses, is $500. The maximum amount of the Russell Hudson loan is $400. Both loans are used to aid students in meeting direct educational costs (tuition, fees and books). Students have a maximum of 4 months (or until the end of the semester) to repay the loan at 6% finance charge. To be eligible for either loan, the student must complete the SEL Ap

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