Short-Term Loans

What is a short term loan (book loan)?

The UCCS Office of Financial Aid may approve short term loans that are issued by the Student Financial Services office. These short term loans are intended for students in need of emergency financial assistance. An example of an emergency situation might be in a case in which your financial aid has not been disbursed yet and you need to buy your books for classes. However, these loans are temporary in nature and only have a maximum repayment period of one semester. Any enrolled student is eligible to take out a short-term loan.

Terms and Conditions:

  • The amount of these loans cannot exceed $700 and only one short-term loan may be granted per student per semester. A service charge of $5 per $100 in loan amount will be assessed by the Financial Aid Office and interest will accrue after maturity of 1% per month on the unpaid balance. A $10 fine will be assessed for late payment.
  • If attendance at the University is discontinued, the loan will automatically become due and payable. Any refunds due to the borrower will be applied toward the unpaid balance of the loan. The loan must be repaid before registration for any future semester. Academic transcripts will be held on all past due loans.
  • In order to apply for and receive your book loan you must come into the Financial Aid Office to complete the promissory note.