Short-Term Loans
What is a Short-Term Loan?
Short-Term Loans are small, one-time loans issued by the university.
The loan request will be reviewed and issued by the Student Financial Services / Bursar Office.
Unlike other student loans, these loans must be paid within the semester and are only intended to address short term financial emergencies.
Short-Term Loans are borrowed for temporary issues such as:
- Urgent academic needs (books, supplies)
- Late paychecks
- Unexpected expenses (car repairs, etc)
Regular Semester Short-Term Loan Terms:
- Application period opens:
- 5 days before start of the semester
- Application period closes:
- On the final payment due date (see date by semester below)
- The payment deadline for the loan is the same as the final payment deadline for the current semester:
- Fall: November 20th
- Spring: April 20th
- Summer: July 20th
- Enrolled Students Only
- Maximum one (1) loan per semester of up to $700
- A student with a past-due balance is not eligible for a Short-Term Loan
- Failure to repay will prevent registration in future semesters
- Dis-enrollment will cause the loan to enter repayment immediately
- There is a service charge of $5 per $100 borrowed
- There is a $10 late fine for late payments
- Interest will accrue after maturity at a rate of 1% per month on the unpaid balance
- Students must sign a promissory note which may contain additional terms
Late Semester Short-Term Loan Terms:
- Application period opens:
- Fall: November 21st
- Spring: April 21st
- Summer: July 21s
- Application period closes:
- Last class day of the semester
- The payment deadline for the loan is the same as the last day of the semester
- Maximum one (1) loan per semester of up to $500
- A student with a past-due balance is not eligible for a Short-Term Loan
- Failure to repay will prevent registration in future semesters
- Dis-enrollment will cause the loan to enter repayment immediately
- There is a service charge of $5 per $100 borrowed
- There is a $10 late fine for late payments
- Interest will accrue after maturity at a rate of 1% per month on the unpaid balance
- Students must sign a promissory note which may contain additional terms
The loan is requested by submitting the Short-Term Loan Request form online in your myUCCS Portal.
