Financial Crisis Assistance Program
To address our employees’ financial emergencies, the University has established the Financial Crisis Assistance Program in collaboration with the Govans Ecumenical Development Corporation (GEDCO), a faith-based organization that helps meet the emergency needs of area residents, including members of the Loyola University Community. Through GEDCO’s CARES program, employees who are facing financial hardship may be eligible for financial assistance and social services referrals. The Loyola University Maryland Crisis Assistance Grant provides eligible, accepted employees with a taxed grant of up to $1,000 or no more than 10% of the crisis fund balance. To be considered for a Crisis Assistance grant, eligible employees must have insufficient resources to deal with immediate consequences of a disastrous, catastrophic or major life event. An event will be considered a disaster or catastrophe if it is sudden, unanticipated or accidental.
For more information on the Crisis Assistance Program and other programs designed to address employee emergencies, please refer to the staff and administrator policy manual or contact the Office of People and Culture at ext. 2354.
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The information on this site is provided for general reference and may be updated
or changed at any time. The University reserves the right to modify, amend, suspend,
or discontinue policies or programs without prior notice.
While every effort has been made to ensure accuracy, in the event of any discrepancy,
the official policy documents will govern. Please rely on the written descriptions
in the policy manual, as oral explanations are not binding. Employees should contact the Office of People and Culture or the appropriate administrator for the most current
and authoritative guidance.