Short-Term Loans

Emergency Short-Term Loan Program

The Emergency Short-Term Loan Program is available through the university for eligible students when they experience a temporary gap in funding sources to pay their tuition and fees. This type of loan is an option when the student has money coming from home, financial aid, a paycheck, or other sources that will not arrive in time to pay the student’s tuition and fees. It is not the intent of this program to supplement or replace long-term aid or assistance.

Requirements for eligibility

• Cannot owe a past-due balance
• Enrolled at least half-time
• Minimum 1.6 GPA (undergraduate) and 3.0 (graduate)
• Enrolled in a payment plan
• Provide a demonstrated means of repaying the loan by the due date

If approved, an emergency short-term loan will cover up to 25% of tuition and fees. Note that this may not fully cover your first installment, and late fees may be assessed if the first installment is not paid in full by the due date. Pursuant to Texas Education Code Section 56.053, the loan must be evidenced by a signed agreement and provide for either an interest rate not to exceed 5% or an origination fee not to exceed 1.25% of the amount of the loan. See Explanation of Tuition and Fees.

If your application results in an offer of a short-term emergency loan, we will apply any financial aid you receive that semester to the remaining balance of your student bill, and the rest will be applied to the short-term emergency loan before any refunds are issued. If your financial aid does not pay your loan in full, then your remaining balance owed after financial aid is posted will be included in your remaining installment payments.