University of Connecticut University of UC Title Fallback Connecticut

Short Term Emergency Loans

VOLUME I:               Policies Related to Student Financial

 

SUBJECT:                 Short Term Policy Loans

 

SOURCE:                   Bursar’s Office and Accounts Receivable

 

DATE ISSUED:        

 

POLICY NO.

 

RATIONALE:           To establish guidelines for short term emergency loans

 

POLICY:                    Short Term Emergency Loans

 

The University offers short term loans to students through various programs administered by the Dean of Students, Graduate Student Senate, Office of Financial Aid and the Center for Academic Programs.  In general, short-term loans are given to students in cases where either financial aid has been awarded but not yet received or for cases of demonstrable financial hardship.  The process includes mandatory counseling by the departments and in most cases loans will not exceed $500.00 with a maximum term of 90 days.

 

PROCEDURE REFERENCE:

 

Short term loans are coordinated between the issuing departments, Office of the Bursar and the Accounts Receivable office.  A minimum of three (3) business days is required to issue the loan check.  Failure to repay a loan results in a Bursar Hold being placed on a student’s account.