Students may cash checks for a maximum of $100 at the Student Accounts desk In Old Sem, Monday-Friday between 8:30 a.m. and 4:00 p.m. A valid Cornell College ID must be presented to cash checks at the Student Accounts desk. Checks not honored by the bank will be assessed an $11 fee to the person cashing the check, not necessarily to the person writing the check. Checks over $100 can be stamped at the Student Accounts desk to allow a student to cash the check at Mount Vernon Bank.
Local banks welcome student checking accounts and cash checks. Many merchants in Mount Vernon extend to Cornell students the privilege of writing checks for purchases. ATM machines are located in The Commons and in town. The College is concerned when students attempt to pass bad checks in the community. Though a personal matter, such actions jeopardize the position of other students. Through the Dean of Students Office the College cooperates with local businesses to bring such matters to the attention of individual students. The College will not protect students from civil action. Students who attempt to cash bad checks lose the privilege of cashing checks at the College.
Limited loans for educational or health emergencies are available by application to the Dean of Students Office. A date for repayment is agreed upon at the time the loan is granted so that the loan fund is replenished and available to other students. If the loan is not repaid when agreed, a flat fee of $10 will be charged. No student with delinquent College bills is eligible for an emergency loan, and an emergency loan will not be granted to pay college bills or personal expenses.