Short Term Loan Program
REGISTRATION FEES MUST BE PAID PRIOR TO APPLYING FOR THIS LOAN. The purpose of the Short Term Loan Program is to assist students in meeting temporary short term financial needs. Short Term Loans are awarded on a first come, first served basis. Submitting an application is not a guarantee that the loan will be approved. Short Term Loans are available for Fall, Spring & Summer semesters and the program ends approximately one month before finals. The Summer program ends approximately in mid July.
NOTE: All applicants
must be enrolled at SDSU (Not Extended
Studies).
For more information call (619) 594-6422
REGULATIONS
1. A photo ID card will be required to receive an application.
2. Maximum loan is $500.00 (if you are using the installment plan, your
first payment must be paid and you must be current with all your fees).
Minimum loan is $100.00. For Summer the maximum is $350.00
3. Students must be enrolled at least half-time (6 undergraduate or 5
graduate units) at SDSU. Summer students must be enrolled in at least
3 units at SDSU.
4. There is a $15.00 service charge on all approved applications.
5. A $20.00 late charge will be assessed on EACH PAYMENT PAST DUE.
6. Only ONE short term loan per student per semester.
LOAN PROCESS
1. Download an application packet from our Forms
Website or pickup an application packet in the University Disbursements
Office (Student
Services Rm 2536). Follow the directions in the packet and return
the completed application in person to University
Disbursements. Any incomplete information will cause delays in the approval
process for your loan. (NOTE: You must bring
your application in person, no faxed applications will be accepted).
2. Information on the status of applications and/or checks will be available
after 11:00 a.m., TWO WORKING DAYS after receipt of the application. A
photo I.D. card will be required to pick up loan checks at the check disbursement
counter (Student
Services Building RM 2536).
3. The $15.00 service charge, which is assessed on all approved loans,
is payable whether you pick up your check or not.
4. A copy of the disapproved loan application indicating the reason for
denial will be given to you on request.
Major Reasons for Denial are:
a. Incomplete Application b. Inadequate resources to repay loan
c. Poor credit history d. Any outstanding debt owed to the University
e. Depleted loan funds
PAYMENTS
Payments can be made on-line or by mail. Payment will be deducted automatically from the student's financial aid, if repayment source is from expected financial aid. For other repayment sources, payment must be made in accordance with the payment schedule received at the time promissory note was signed. A billing statement notification will also be e-mailed to you prior to each due date. ALL LOANS MUST BE REPAID BY THE END OF THE SEMESTER IN WHICH THEY ARE GRANTED.
STL CALENDAR
Information on this Web site is subject to change without notice. Every effort is made to ensure that information is current and accurate. The statements found on this Web site are for informational purposes only.
This page last updated April 15, 2008.