What is a semester loan?
A semester loan, also known as an Emergency Loan, is a short-term funding option to assist with educational expenses. These loans are approved and disbursed through the University and they differ from Federal Stafford Loans.
What types of loans are available?
Semester loans are available for the following expenses:
What items are covered by semester loans?
Is there interest associated with the semester loans?
There is a small interest charge associated with semester loans.
What are the requirements for semester loans?
There are University eligibility requirements for semester loans.
How do the semester loans work?
To receive a semester loan in the long semesters (Fall/Spring), tuition & fees, and related expenses must be in installments. (Note: Installment options are available for Fall/Spring semester only.)
Semester loans for the Summer semesters will be for the full tuition & fees balance.
If applying for multiple loan types, each one must be done individually.
Who may apply for the semester loans?
How many semester loans can I apply for?
Students may apply for 3 of the 4 loan types per semester. A student may receive multiple Tuition & Fees, Housing & Dining loans (i.e. one for each installment) that do not count against the 3 loan maximum.
How does the semester loan apply to my outstanding balance?
Semester loans apply automatically to any outstanding balance. Please allow 1-2 hours for the loan(s) to apply depending on loan volumn. Please view your Fee Statement to verify that the loan has been applied to your balance.
It is the responsibility of the student to ensure that the loan has been signed, and has applied by payment due date!
How can I apply for a semester loan?
Semester Loan Application Instructions
How do I reprint a note that has already been signed?
