Short Term Loan Information

Short Term Loans are available to students unable to pay the full amount of their schedule by the payment due date. The Short Term Loan allows the student to make two payments on their instate tuition. The first payment is due by the schedule’s due date and the second payment due date will be provided on the Short Term Loan Promissory Note, usually about two months after the beginning of the term. However you may pay the loan off on or before the due date of the note. Please visit any campus Financial Aid Office with a copy of your schedule to request the loan.

Information you must know prior to obtaining a Short Term Loan

You are required to apply for Financial Aid (even if you will not qualify) www.fafsa.ed.gov
You must be enrolled for at least six credits
You must pay the first portion by the schedule’s due date or all courses will be voided for nonpayment
There is a $30 dollar non refundable fee that will apply to this loan at the time of issue
Any refund or additional financial assistance may be applied toward the repayment of this loan prior to maturity date
If the loan is not paid by the due date:
- The Registrar’s Office will not release grades or issue academic transcripts
- You will be unable to register for classes
- The loan is considered delinquent and a $20 dollar late fee will be assessed.
- If the loan is not repaid at maturity and this note is given to an attorney or collection agency for collection or small claims court suit is brought hereon, the borrower promises to pay all cost of collection including legal fees and/or cost of court.
- Students under 18 years of age must provide parent's signature.