Short Term Loans

Short Term Loans

What is a Short Term Loan?

Short term loans are small, one-time loans issued by the university. The loan is requested by submitting the Short Term Loan Request form online in your myUCCS Portal. 

The loan/refund will be reviewed and issued by the Student Financial Services/Bursar's 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)

Loan Terms:

• Enrolled Students Only
• Maximum one loan per semester of up to $700
• A student with a past-due balance cannot borrow a short-term loan
• The payment deadline for the loan is the same as the final payment deadline for the current semester
• 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