Short term loan for students:
In the studying process, students may have some problems with there finance. At this time, they need a help from parents, university... But one of helps is the short term program which is provided by the university.
Usually, the maximum amount available for students is $1500. Because it is the hep program for students, so no interest is assessed, unless the loan is not re-paid on time. And repayment is due with the final U-Bill of the term in which the loan was taken.
It is really good for students who want to borrow the money in the emergency cases, But not all of them can borrow, these are some conditions for them to apply this debt:
Eligibility Criteria
And you have to remember that the short-term loans are not available while classes are not in session.
Students have some choice in determining how and when the loan is repaid. All loans must be paid within one year or before graduation, whichever comes first final repayment must be scheduled before graduation.
In the studying process, students may have some problems with there finance. At this time, they need a help from parents, university... But one of helps is the short term program which is provided by the university.
Usually, the maximum amount available for students is $1500. Because it is the hep program for students, so no interest is assessed, unless the loan is not re-paid on time. And repayment is due with the final U-Bill of the term in which the loan was taken.
It is really good for students who want to borrow the money in the emergency cases, But not all of them can borrow, these are some conditions for them to apply this debt:
Eligibility Criteria
- Students can receive only one $1500 loan per semester.
- Students must be enrolled at the time the loan is applied for.
- Any previous loan must have been repaid on time ( if not they will have to pay the interest)
- Last, students must not owe any U-bill charges from a previous term.
- Go to the Financial Aid Office of you school and look for the application forms and instructions.
- You need to read and complete the application form and deposit it in the box.
- The loan will be applied to your account with the university. If the loan creates a credit balance in your account, then you can request a refund on the application form
- The maximum amount available is $1500.
And you have to remember that the short-term loans are not available while classes are not in session.
Students have some choice in determining how and when the loan is repaid. All loans must be paid within one year or before graduation, whichever comes first final repayment must be scheduled before graduation.