Since my financial aid came in at a much later time and I didn’t want my classes to be dropped, I went ahead and took out an emergency loan a month or two ago and just paid it upfront (in full amount) on the first day of school. I’m so glad I don’t have to worry about this loan anymore.

Things to know:
1. Emergency loans are available for each semester.
2. If you pay it before the deadline, no interest will be charged.
3. Always know when your payment deadlines are for your school (for tuition and fees). Otherwise, you can be dropped from your classes.