Short term loans are available to students who are currently enrolled and meet the criteria noted below. The amount of the short term loan will vary depending on the amount of tuition for the student.
Students must meet the following criteria in order to qualify for a loan:
- No outstanding blocks (Service Indicators preventing the student from receiving a Short Term Loan).
- No outstanding loans (Service Indicator showing loan default status).
- Students who have previously defaulted on a short-term loan ( A loan that has been sent to a collection agency).
Students may apply for short-term loans in person at the Financial Aid Office or the Student Finance Office (SSC room 150).
We offer the Texas Public Education (TPEG) Short Term loan to assist with tuition and fees, and we also offer an Emergency Loan to assist with emergency expenses (like food or rent). Both types of loans are for 90 days.
The Short Term Loan application states: I agree to pay an interest rate of 5% per annum, compounded monthly, which will be charged immediately upon issuance of the loan.
All loans must be repaid by the established due date in order to avoid collection costs. Unpaid loans will be submitted to an outside collection agency.
The following fees are not covered by a short-term loan and must be paid before a short-term loan is awarded: Late Registration Fee, Student Health Insurance Fee, and Payment Plan fee.
The Truth in Lending Act of 2009, allows three full business days after the signed promissory note is submitted for the student to cancel, therefore the funds can be released after that time period.
This page was last modified on November 27, 2018