| My Direct Loan
money won't be available for another three weeks. What
can I do for living expenses during the interim?
There are two possible ways that we may help you in
this situation.
1. Students may need to provide proof to their landlord
of the financial assistance that they will be receiving
for the semester to sufficiently cover their rent. They
may submit a copy of their Account Sumary by Term
from BannerWeb or provide copies of their Bursar bill
and award letter indicating that an overage amount is
expected. A student’s Account Summary by Term
shows current charges and disbursed financial aid. Students
with private loans can provide documentation directly
from the lender verifying the loan amount and the loan
period.
2. Special circumstances may warrant the issuance of
a short term loan beginning the second week of classes.
The maximum amount for a short term loan is $500; you
must have a 2.0 GPA or better and show that you have
adequate means of repaying the loan. The loan must be
repaid by the date set by the Bursar. Exceptions to
these guidelines are rare. We may also decline your
request for the short term loan if loan funds are limited
or depleted.
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